Chinese buyout firm Hony Capital is in advanced talks to join Baring Private Equity Asia consortium's $2.8 billion bid for online gaming company Giant Interactive Group Inc, sources told Reuters.
2 min read · 12 February 2014
Brazilian education company Abril Educação SA is in talks with private equity funds Carlyle and KKR over the sale of a minority stake in the company for up to 450 million reais ($187.5 million), newspaper Valor Economico said on Wednesday.
1 min read · 12 February 2014
France's Vinci is close to selling the bulk of its parking-lot division to two French financial firms as Europe's biggest builder sharpens its focus on higher-growth businesses such as airport concessions.
2 min read · 12 February 2014
(Reuters) - Bitcoin is being hit by attacks from unknown computer hackers who are sending "mutated" lines of code into the program that runs the virtual currency. The attacks are responsible for problems experienced by two bitcoin exchanges that caused them to temporarily halt withdrawals by customers who stored bitcoins in digital wallets provided by the exchanges, the Bitcoin Foundation said in a statement Tuesday.
3 min read · 12 February 2014
The number of technology companies aged five years or younger has fallen to below 80,000, down from a high of 113,000 in 2001, according to a new report from the Kauffman Foundation, says Reuters.
2 min read · 11 February 2014
Virgin America, the U.S. carrier in which Richard Branson's Virgin Group has a minority stake, has appointed Barclays and Deutsche Bank to lead an initial public offering, the Financial Times reported on Monday, citing people familiar with the situation.
1 min read · 11 February 2014
La Quinta Holdings Inc, a hotel chain backed by Blackstone Group LP, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock, Reuters reported.
2 min read · 11 February 2014
KKR & Co LP disclosed on Monday it would liquidate two funds targeting individual investors, in a blow to the private equity firm's efforts to widen its appeal beyond institutional investors such as pension funds and insurance firms.
2 min read · 11 February 2014
Danish outsourcing firm ISS is aiming to publish plans for a stock market listing next week, sources familiar with the matter said.
1 min read · 11 February 2014
KKR has said it would liquidate two funds targeting individual investors, in a blow to the private equity firm's efforts to widen its appeal beyond institutional investors such as pension funds and insurance firms, writes Reuters. Developing offerings for retail investors has historically been challenging for KKR and other private equity firms, such as Blackstone Group LP and Carlyle Group LP, because the average buyout fund is illiquid, with a typical life span of 10 years, writes Reuters.
2 min read · 11 February 2014
