Truck maker Volvo has agreed to sell its machine rental business in North America to Platinum Equity for about 7.2 billion Swedish crowns ($1.1 billion), writes Reuters. Volvo is in the midst of a restructuring scheme to boost profitability across the group, writes Reuters.
2 min read · 10 December 2013
(Reuters) - Balaji Srinivasan, the co-founder of genetic-testing company Counsyl, is joining the venture capital firm Andreessen Horowitz as a general partner, Andreessen Horowitz said on Monday.
1 min read · 10 December 2013
The final version of the Volcker rule to ban banks from gambling with their own money is "significantly different" from the originally proposed version, making its impact on the markets difficult to gauge, a top U.S. securities regulator said on Monday.
2 min read · 09 December 2013
Carlyle Group LP, hedge fund firm Farallon Investors and China Cinda have agreed to buy $45 million worth of shares in Fu Shou Yuan International Group Ltd as China's largest provider of death-care services seeks up to $215 million in a Hong Kong IPO, Reuters reported.
2 min read · 09 December 2013
Cerberus Capital Management LP is working on a mechanism that would allow its fund investors to exit Freedom Group Inc, the maker of the Bushmaster rifle used in the Newtown, Connecticut school shooting rampage, people familiar with the matter said on Sunday.
4 min read · 09 December 2013
KKR and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, writes Reuters. A sale of ADT Caps, would follow Bain's $3.4 billion purchase of European security firm Securitas Direct in 2011 and Blackstone Group's acquisition of U.S. firm Vivint Inc for more than $2 billion last year.
2 min read · 09 December 2013
Cerberus Capital Management is working on a mechanism that would allow its fund investors to exit Freedom Group, the maker of the Bushmaster rifle used in the Newtown, Connecticut school shooting rampage, writes Reuters. The move comes a year after the New York-based private equity firm said it would sell Freedom Group, a pledge that was made four days after 26 people, most of them children, were killed at the Sandy Hook Elementary School in Newtown.
4 min read · 09 December 2013
At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male.
8 min read · 06 December 2013
Tomkins Plc, a private equity-owned manufacturer of auto parts and building products, has hired Bank of America Merrill Lynch, Goldman Sachs Group and Morgan Stanley to lead an initial public offering that could value the company at as much as $7 billion, sources told Reuters.
2 min read · 06 December 2013
U.S. private equity firm Apollo has bought a portfolio of Irish home loans from Britain's Lloyds Banking Group for 257 million pounds ($419.4 million), less than half their nominal value, Reuters reported.
1 min read · 06 December 2013
