Capita chief executive Paul Pindar is to step down in early 2014 after 26 years at the firm, writes Reuters. Pindar, who joined Capita from private equity house 3i, is leaving to establish a portfolio of private equity opportunities, the firm said.
2 min read · 18 November 2013
Asia private equity firm RRJ Capital is launching an up to $1 billion real estate fund that will mostly target investments in China, the firm's founder, former Goldman Sachs dealmaker Richard Ong, told Reuters on Monday. RRJ's new fund, which is initially seeking $500 million, will focus on residential, retail, hospitality and care homes for the elderly, and is expected to close in the first quarter of next year, Ong said. The fund will target a 25 percent to 30 percent return on investments, writes Reuters.
2 min read · 18 November 2013
Private equity firm Advent International has made a cash offer of 1.17 billion euros ($1.58 billion) for UNIT4 NV, the Dutch business software, writes Reuters. The offer represents a 32.4 percent premium to UNIT4's closing price on October 11, just before it announced it had been approached by companies interested in buying it.
1 min read · 18 November 2013
Apple has bought PrimeSense, an Israeli maker of chips that enable three-dimensional machine vision, for $345 million, writes Reuters. PrimeSense has raised $85 million from Israeli and U.S. venture capital funds such as Canaan Partners Global, Gemini Israel and Genesis Partners, writes Reuters.
1 min read · 17 November 2013
U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1 billion, sources told Reuters.
2 min read · 15 November 2013
London is having its busiest year for stock market listings since the financial crisis struck and companies and their bankers are pushing to complete more offerings before 2013 draws to an end, Reuters reported.
4 min read · 15 November 2013
Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company, Reuters reported.
3 min read · 15 November 2013
Finland's state investment fund Solidium said it had decided additional equity investment in Talvivaara was not viable and it was not involved in negotiations to help restructure the troubled miner's debt, Reuters reported.
1 min read · 15 November 2013
Houghton Mifflin Harcourt Co, the textbook publisher that emerged from bankruptcy last year, priced its initial public offering at $12 per share, below the range it guided towards earlier this month, Reuters reported.
1 min read · 14 November 2013
U.S. private equity fund Advent International will buy a minority stake in Colombia's Ocensa oil pipeline for $1.1 billion from Canadian oil firm Talisman Energy Inc, France's Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter.
2 min read · 14 November 2013
