King Digital Entertainment Plc, best known for the hit mobile phone game Candy Crush Saga, said it expects to price its U.S. initial public offering at between $21 and $24 per share, valuing the company's equity at about $7.56 billion.
2 min read · 12 March 2014
Poundland and Pets at Home are setting the prices for their initial public offerings, the latest British retailers to capitalise on London's buoyant market conditions, writes Reuters. Pets at Home is mainly owned by US private equity group KKR and Warburg Pincus is a backer of Poundland.
2 min read · 12 March 2014
As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week, writes Reuters. Energy Future, formerly TXU Corp, was created in a 2007 leveraged buyout by a consortium including KKR, TPG Capital Management and Goldman Sachs' private equity arm.
6 min read · 12 March 2014
A U.S. federal judge on Tuesday temporarily froze the U.S. assets of Mt. Gox chief Mark Karpeles and allowed alleged victims of the shuttered bitcoin exchange to demand evidence of what they claim is a massive fraud, Reuters reported.
2 min read · 11 March 2014
PE-backed SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems, according to a report from Thomson Reuters Loan Pricing Corp. Sungard and the spinoff are principally owned by seven private equity firms, including Bain Capital Partners, The Blackstone Group and Kohlberg Kravis Roberts & Co.
2 min read · 11 March 2014
Standard Chartered's private equity arm has acquired a quarter of Zambia's Copperbelt Energy Corporation Plc for $57 million, its first investment in the growing African power industry, Reuters reported.
1 min read · 11 March 2014
Entrepreneurial success stories from South by Southwest are getting harder to come by. But that hasn't stopped entrepreneurs like P.K. Fields from flocking to the conference to get in front of venture capitalists.
5 min read · 11 March 2014
(Reuters) - Walt Disney Co is in talks to buy Maker Studios, potentially valuing the fast-growing developer and publisher of YouTube entertainment videos at half a billion dollars or more, tech blog Re/code reported on Tuesday. Maker's VC backers include Greycroft Partners, Upfront Ventures and Time Warner Investments, among others.
1 min read · 11 March 2014
British medical devices company Lombard Medical Technologies Plc plans an initial public offering on Nasdaq worth up to $80 million and intends to delist its shares in London, Reuters reported.
1 min read · 11 March 2014
Digital advertising firm Matomy Media Group said on Monday it plans an initial public offering on the main market of the London Stock Exchange with the aim of raising $100 million, Reuters reported.
2 min read · 11 March 2014
