Blackstone is paying about $400 million for a stake in Chinese shopping mall group SCP Co Ltd, writes Reuters. Blackstone is buying a 40 percent stake in Shenzhen-based SCP, while ICBC International Holdings, a unit of Industrial and Commercial Bank of China Ltd, is acquiring a 6 percent share.
2 min read · 04 November 2013
Private equity-backed renewable energy generator Infinis Energy expects to be valued at as much as 930 million pounds ($1.48 billion) when it makes its London stock market debut this month, writes Reuters. The company, which operates 147 power generating plants across the UK, said the offering would be made up solely of existing shares being sold by majority owner Terra Firma.
1 min read · 04 November 2013
Shares of Container Store Group Inc doubled in their U.S. market debut on Friday as investors encouraged by a recent run of impressive "first-day pops" piled into the stock, Reuters reported.
2 min read · 01 November 2013
Oaktree Capital Group LLC, the world's largest distressed debt investor, said on Friday its adjusted net income rose by 14 percent year-on-year in the third quarter as its income from performance fees more than doubled, Reuters reported.
1 min read · 01 November 2013
Ashmore Group Plc is engaged in discussions to offload its majority stake in a Saudi waste management firm, sources told Reuters, with a sale likely seen raising about $250-$350 million for the fund manager.
2 min read · 01 November 2013
Media and entertainment group Nine Entertainment Co Pty Ltd (IPO-NEL.AX: Quote, Profile, Research, Stock Buzz) is set to raise some A$600 million ($569 million) in an initial public offering and is expected to list on December 6, a source told Reuters.
1 min read · 31 October 2013
More than 200 private securities deals are expected to take advantage of new rules that allow hedge funds and other firms to reach investors through Internet and television advertising, a top U.S. Securities and Exchange Commission official said on Wednesday.
3 min read · 31 October 2013
Oct 30 (Reuters) - Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it.
3 min read · 30 October 2013
Stanford Marine Group, a unit of emerging markets-focused private equity firm Abraaj Group, has hired banks to help arrange a stock market listing in London, as regional private equity firms tap foreign stock markets to exit investments, Reuters reported.
2 min read · 30 October 2013
A potential deal for CVC Capital Partners CVC.UL to buy a majority stake in a Chinese restaurant chain highlights a growing willingness by smaller China firms to cede control to foreign private equity amid unfavorable IPO prospects, Reuters reported.
3 min read · 30 October 2013
