The owners of Swiss-based duty free operator The Nuance Group are close to appointing banks to explore an initial public offering that could value it at more than 1.2 billion Swiss francs ($1.4 billion), three sources told Reuters.
2 min read · 01 April 2014
American Lawyer publisher ALM Media, which was once controlled by Wall Street dealmaker Bruce Wasserstein, is exploring a sale that could fetch more than $500 million, sources told Reuters.
1 min read · 01 April 2014
GrubHub Inc, the largest U.S. online food delivery services company, raised the expected price range for its initial public offering to $23-$25 per share from $20-$22, Reuters reported.
1 min read · 01 April 2014
Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's (CG.O) flotation two years ago.
4 min read · 01 April 2014
Private equity firm Actis has reduced its holding in Commercial International Bank, Egypt's biggest listed bank, to 6.5 percent, writes Reuters. CIB said Actis sold a 2.6 percent stake in the bank.
1 min read · 01 April 2014
German private equity group Triton looks set to buy French turbine and train maker Alstom's heat exchanger unit, writes Reuters. The Triton bid is seen as having an edge over a rival offer by private equity firm Bain. Private equity firm Astorg was also expected to have submitted a bid last week, writes Reuters.
1 min read · 01 April 2014
Dominion Midstream Partners LP, a unit of energy company Dominion Resources Inc, filed with U.S. regulators on Friday to raise about $400 million in an initial public offering of common units.
1 min read · 31 March 2014
Arista Networks Inc, which makes network switches for large data centers, filed for an initial public offering on Monday, the latest in a string of cloud computing firms tapping investor enthusiasm around the technology, Reuters reported.
2 min read · 31 March 2014
Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.
3 min read · 31 March 2014
Lotte Shopping, KB Financial Group and private equity-backed Tong Yang Life Insurance were among companies that submitted preliminary bids for a controlling stake in LIG Insurance , which is seen to be worth around 400 billion won ($373.31 million) or above, Reuters reported.
1 min read · 28 March 2014
