British telecom group Vodafone has reached a preliminary deal to buy Spanish cable group Ono after raising its initial bid for the company, two people with knowledge of the discussions told sister news service Reuters.
2 min read · 10 March 2014
Bidders have started submitting binding offers for DEA, the oil and gas production unit of German utility RWE, and a deal could be struck as early as this month, sources told Reuters.
2 min read · 10 March 2014
Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel - its weakness in mobile - in a move set to reshape the country's e-commerce industry.
3 min read · 10 March 2014
The $9.4 billion acquisition of U.S. retailer Safeway by Cerberus Capital Management is expected to be financed by $7.6 billion of debt in what will be the biggest buyout deal since Dell and Heinz last year, sister publication International Financing Review reported.
3 min read · 10 March 2014
Private equity firm KKR & Co LP's head of retail investing Michael M. Calbert has left the company, it said on Friday.
1 min read · 10 March 2014
The private equity arm of Goldman Sachs Group Inc (GS.N) and Vestar Capital Partners are nearing a deal to buy Hearthside Food Solutions LLC for more than $1.1 billion, people familiar with the matter said on Friday.
2 min read · 10 March 2014
An online education company backed by Alibaba Group has said a unit of Softbank Corp has made a strategic investment in the company for an undisclosed amount, writes Reuters. The investment in TutorGroup from SBI Group, formerly known as Softbank Finance Group and one of Asia's biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba, Singapore state investor Temasek Inc and China's Qiming Venture Partners.
1 min read · 10 March 2014
Classified Ventures, a joint venture of five media companies, has put its online listings business Cars.com up for sale at a price of up to $3 billion, The Wall Street Journal reported on Sunday, writes Reuters. Classified Ventures has retained investment bank Moelis & Co as an adviser on the potential sale and is in talks with potential bidders that are expected to include private equity firms as well as strategic investors, the Journal reported.
1 min read · 10 March 2014
Shares of digital coupon company Coupons.com Inc (COUP.N) nearly doubled in their trading debut Friday, valuing the company at over $2.2 billion, Reuters reported. The company is majority owned by Passport Ventures, whose sole managing member is John H. Burbank III.
2 min read · 08 March 2014
Red-hot institutional demand for U.S. leveraged loans has produced a string of aggressive deals for fashion retail companies, including an aggressive buyout financing backing PE firm Sycamore Partners' takeover of apparel company The Jones Group, Reuters reports.
4 min read · 07 March 2014
