Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, priced its initial public offering of common shares at between $12.50 and $14.50 per share, valuing the company at up to $1 billion, Reuters reported.
1 min read · 31 January 2014
Private equity investor Lone Star has hired Rothschild and Bank of America Merrill Lynch as advisors for the planned sale of German corporate bank IKB, Reuters reported.
3 min read · 31 January 2014
Public finance specialist Depfa, which state-rescued German bank Hypo Real Estate has put on the block, has attracted binding offers from several private equity groups and hedge funds, sources told Reuters.
2 min read · 31 January 2014
JD.com, China's second-largest e-commerce company, filed for a U.S. listing of its shares, following market leader Alibaba Group Holding Ltd in tapping into rising investor enthusiasm around China's booming online retail market, Reuters reported.
3 min read · 30 January 2014
NEW YORK, Jan 30 (Reuters) - Blackstone Group LP reported on Thursday that fourth-quarter profit surged 130 percent, capping a record earnings year and far exceeding analysts' expectations, due to strength in its real estate business.
2 min read · 30 January 2014
Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market.
4 min read · 30 January 2014
Greece's biggest lender National Bank (NBG) plans to shed its private equity business to boost its capital, three banking sources said on Wednesday.
1 min read · 30 January 2014
British private equity group 3i completed 29 million pounds ($48 million) of exits in the three months to Dec. 31, taking its total proceeds for the year so far to 557 million pounds, writes Reuters. The owner of women's fashion retailer Hobbs and Tommee Tippee baby bottle maker Mayborn said new investment increased during the third quarter, with 247 million pounds invested compared to just 4 million pounds in same three months in 2012.
1 min read · 30 January 2014
TPG Capital is asking some of its key investors for up to $2 billion to spend on deals until it raises a new $10 billion flagship fund, writes Reuters. TPG told a public meeting of one of its investors, the Oregon Investment Council, that it was seeking between $1.6 billion and $2 billion for an interim fund that was intended to serve as "bridge investment capital" until it starts raising its first major global fund since the financial crisis. It raised a $19 billion fund, called TPG Partners VI, in 2008.
3 min read · 30 January 2014
IIFL Private Wealth, the wealth management arm of financial services company India Infoline has raised about 7.35 billion rupees ($117.3 million) to invest in the property sector, Reuters reported.
1 min read · 29 January 2014
