Hong Kong's Securities and Futures Commission (SFC) appointed veteran dealmaker Mary Ma as non executive director, looking to benefit from her experience as a top executive at computer maker Lenovo Group Ltd and private equity firms TPG Capital and Boyu Capital.
1 min read · 14 November 2013
British private equity company 3i Group has no immediate plans to raise a new fund despite a turnaround in its business since a leadership change last year, writes Reuters. The owner of women's fashion chain Hobbs and Tommee Tippee baby bottle maker Mayborn has spent the last 18 months restructuring after shareholders criticised its poor share price performance and weak results from its buyout business.
3 min read · 14 November 2013
Online real estate company Redfin has raised $50 million from investment companies Tiger Global Management and T. Rowe Price Associates, writes Reuters. The Seattle-based company, which announced the new funding on Wednesday, aims to cut costs to homebuyers by awarding to them a portion of real-estate fees that agents traditionally are paid by homesellers.
2 min read · 14 November 2013
Google has struck a deal with KKR to invest about $400 million in six solar power plants being built by Recurrent Energy LLC in California and Arizona, the Wall Street Journal reported, writes Reuters. Google and KKR's joint investment will be made in cash and debt. Google's equity stake is about $80 million, according to the newspaper.
1 min read · 14 November 2013
Nov 13 (Reuters) - Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday.
1 min read · 13 November 2013
Shares of Chegg Inc, whose main business is renting textbooks, fell as much as 18 percent in their debut on Wednesday, a day after its initial public offering was priced above the planned range, Reuters reported.
1 min read · 13 November 2013
Hotel chain Extended Stay America Inc raised $566 million after its initial public offering was priced at $20 per share, the mid-point of its expected range, Reuters reported.
1 min read · 13 November 2013
U.S. distressed asset investor Lone Star Funds has won the right to buy the Osaka Prefectural Urban Development Co, half-owned by Japan's Osaka prefecture, for 78 billion yen ($783 million), sources told Reuters.
2 min read · 13 November 2013
Private equity firm KKR & Co LP is considering a 1.5 billion pound ($2.4 billion) initial public offering of British pet products retailer Pets at Home, Sky News reported on Tuesday, citing insiders.
1 min read · 13 November 2013
One of the world's biggest private equity firms, TPG Capital, is reshuffling its senior ranks in Asia as it battles to finish raising money for its latest regional fund and bridge the gap with rivals.
4 min read · 13 November 2013
