Dec. 12 (Reuters) - Two of Silicon Valley’s most respected venture capitalists are cutting back their roles at Accel Partners, the big-name firm best known for its early investment in Facebook, affiliated news service Reuters reported.
2 min read · 12 December 2013
Dec. 12 (Reuters) - TrueCar.com, a car pricing information website, said it received a $30 million investment from Microsoft Corp co-founder Paul Allen’s Vulcan Capital, affiliated news service Reuters reported.
1 min read · 12 December 2013
The Canada Pension Plan Investment Board said on Thursday it has agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million, Reuters reported.
2 min read · 12 December 2013
Hotel operator Hilton Worldwide Inc BLKSHW.UL raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP (BX.N) took it private in one of the largest deals of the leveraged buyout boom.
3 min read · 12 December 2013
Mobile photo-sharing service Snapchat has raised another $50 million, according to a Securities and Exchange Commission filing writes Reuters. The funding brings the total raised by the two-year-old company to more than $123 million.
1 min read · 12 December 2013
Private equity firms Hellman & Friedman and JMI Equity are exploring a sale of human resources management software firm Kronos, which could be valued at more than $4 billion, writes Reuters. Kronos is in early stage talks with a small group of private equity firms, including KKR & Co LP, TPG Capital LP and Bain Capital LLC, about a potential deal, writes Reuters.
2 min read · 12 December 2013
Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks' ownership stake in hedge funds and private equity funds.
3 min read · 11 December 2013
South Korean financial regulators approved private equity firm MBK Partners' 1.84 trillion won ($1.75 billion) purchase of ING Groep's local insurance unit, writes Reuters. MBK and ING announced the deal in late August as the bailed-out Dutch firm is obliged to offload more than 50 percent of its Asian operations by the end of 2013.
1 min read · 11 December 2013
Fifth & Pacific Cos Inc said it would sell its Lucky Brand Jeans business to private equity firm Leonard Green & Partners LP for $225 million as it focuses on its fast-growing, higher-end Kate Spade brand, Reuters reported.
2 min read · 10 December 2013
Sanitec said on Tuesday the final offer price in its heavily subscribed flotation was 61 crowns per share, valuing the bath and toilet manufacturer at 6.1 billion crowns ($933 million) in Sweden's biggest listing since 2006, writes Reuters. The listing of Sanitec, controlled by private equity firm EQT, comes as the European construction market is seen recovering from a slump caused by the euro zone debt crisis.
1 min read · 10 December 2013
