Women's apparel and accessories retailer Charlotte Russe Inc, owned by private equity firm Advent International Corp, is speaking to banks about an initial public offering that may come next year, sources told Reuters this week.
2 min read · 23 October 2013
Goldman Sachs International said on Wednesday it would sell up to 16 million shares in Sports Direct International (SPD.L: Quote, Profile, Research, Stock Buzz) acquired from the retailer's founder and deputy chairman Mike Ashley, Reuters reported.
1 min read · 23 October 2013
Oct 22 (Reuters) - Bromium Inc, a firm that helps corporations fight cyber attacks, said on Wednesday it has raised $40 million in financing in a round led by Meritech Capital Partners.
1 min read · 23 October 2013
A handful of buyout firms, including Cerberus Capital Management, are exploring a deal for all or part of supermarket chain Safeway Inc, writes Reuters. The deal could potentially shape up to be one of the largest leveraged buyouts since the financial crisis.
3 min read · 23 October 2013
Private equity firm Ardian has spent $4.3 billion on acquiring stakes in buyout funds since September last year, writes Reuters. Expectations that banks would need to offload their stakes in private equity because of stricter capital rules following the financial crisis, as well as a rise in demand for liquidity among other investors in the buyout industry, has encouraged a rush of firms to launch secondary vehicles.
1 min read · 23 October 2013
Activist investor Daniel Loeb's Third Point LLC said it took a stake in Nokia Oyj late in the third quarter ended Sept. 30, Reuters reported.
1 min read · 22 October 2013
Goldman Sachs has sold most of its stake in Rothesay Life, a UK insurer founded and run by one of its former partners, freeing up capital to meet stricter regulatory requirements, Reuters reported.
1 min read · 22 October 2013
Lured by opportunities in emerging Asia, alternative asset management giant Blackstone Group officially opened its Singapore office yesterday, joining rival KKR & Co. , the Business Times reported.
1 min read · 22 October 2013
Drinks maker Stock Spirits traded lower on its London stock market debut, after pricing its shares at the mid-point of its target range in a sale which valued the company at 470 million pounds ($760 million), writes Reuters. The British based-firm said majority-owner Oaktree Capital Management and company management had raised 206.5 million pounds from the offering.
2 min read · 22 October 2013
Private equity firm Actis has invested $48 million in Indian pharmaceuticals company Symbiotec Pharmalab for a significant stake, writes Reuters. Symbiotec is a specialist producer of steroid-hormone active pharmaceutical ingredients and has over 200 customers, including large multinationals as well as generic pharmaceutical companies.
1 min read · 22 October 2013
