Network gear maker Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion takeover offer and estimated fourth-quarter results above expectations, Reuters reported.
1 min read · 15 January 2014
Tencent Holdings Ltd, China's biggest listed tech company, is to invest HK$1.5 billion ($193.5 million) in logistics and warehouse firm China South City Holdings Ltd to help develop its e-commerce and logistics business, Reuters reported.
2 min read · 15 January 2014
Seibu Holdings Inc applied on Wednesday to relist its shares on the Tokyo bourse, as the company starts negotiations with top shareholder Cerberus Capital Management LP over a proposed sale of much of the U.S. fund's stake, sources said.
3 min read · 15 January 2014
Chinese private equity firm Hony Capital is examining a bid for Britain's United Biscuits Holdings Ltd and may be teaming up with a corporate buyer, Bloomberg reported, writes Reuters. Beijing-based Hony Capital, which manages more than $6.8 billion, has held informal talks with United Biscuits owners' Blackstone Group and PAI Partners.
1 min read · 15 January 2014
European buyout house Motion Equity Partners has secured new funding from investor HarbourVest, giving the private equity group another four years to try to make money out of its portfolio, a source told Reuters.
2 min read · 14 January 2014
Jan 14 (Reuters) - Kleiner Perkins Caufield & Byers has made a return of 20 times on the $20 million it invested in Nest Labs over the years following the company’s sale to Google Inc in a $3.2 billion deal, a person familiar with the situation told affiliated news service Reuters.
4 min read · 14 January 2014
French private equity firm PAI Partners has raised nearly half of its planned 3 billion euro ($4.1 billion) buyout fund after 10 months on the road, a source familiar with the matter said.
2 min read · 14 January 2014
Israeli venture capital funds raised $526 million in 2013, down 27 percent from 2012, according to the Israel Venture Capital Research Center in a report issued with consultancy KPMG, writes Reuters. Fund raising has slowed since 2011 with less capital being raised by fewer funds, Koby Simana, IVC's chief executive, said in a statement.
2 min read · 14 January 2014
French private equity firm PAI Partners has raised nearly half of its planned 3 billion euro ($4.1 billion) buyout fund after 10 months on the road, writes Reuters. It is PAI's first fundraising since a boardroom struggle in 2009 pushed out top management in favour of Lionel Zinsou, the former Rothschild banker who currently heads the buyout firm.
2 min read · 14 January 2014
Jan 13 (Reuters) - U.S. venture funds raised $4.85 billion last quarter, up 53 percent from the same period a year ago, but full-year 2013 fundraising fell 15 percent compared to the year before.
1 min read · 13 January 2014
