Matteo Stefanel, a senior partner at emerging markets-focused private equity firm Abraaj Group, has left the company, writes Reuters. Stefanel had joined Dubai-based Abraaj in 2008 and was head of special situations group, managed accounts and real estate at the firm, which has about $7.5 billion in assets under management. He was also responsible for a number of the firm's partner companies.
2 min read · 25 November 2013
Carlyle Group LP and a consortium of Danaher Corp and Blackstone Group LP have advanced to the final stage of negotiations for Johnson & Johnson's diagnostics unit, sources told Reuters.
2 min read · 22 November 2013
Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world's most richly capitalized start-ups, Reuters reported.
2 min read · 22 November 2013
Private equity firms are circling UK mutual The Co-operative Group, hoping the food-to-funerals group will be forced into selling off parts of its business as it battles to contain a scandal engulfing its banking arm, Reuters reported.
3 min read · 22 November 2013
Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources told Reuters.
3 min read · 22 November 2013
Charter Communications Inc is nearing an agreement with banks to raise funds for a bid for Time Warner Cable Inc, the Wall Street Journal reported, citing people familiar with the situation.
1 min read · 22 November 2013
BC Partners Ltd, Onex Corp and American Securities LLC are competing for Ikaria Inc, a private equity and venture capital-backed specialty drug company that may fetch up to $2 billion, sources told Reuters.
2 min read · 22 November 2013
Party City Holdings Inc, the largest U.S. party goods retailer acquired just over a year ago by buyout firm Thomas H. Lee Partners LP for $2.69 billion, is preparing for an initial public offering, sources told Reuters
2 min read · 22 November 2013
Chinese drug retailer Asia Health Century International, backed by private equity firm CVC Capital Partners Ltd, is planning a Hong Kong IPO of up to $300 million next month, the Wall Street Journal reported on Thursday.
1 min read · 21 November 2013
Nov 21 (Reuters) - Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm’s companies in order to deliver more value.
2 min read · 21 November 2013
