Japan's Government Pension Investment Fund (GPIF) is making initial moves toward investing in private equity, sources say, a potentially big step in the world's biggest public pension fund's strategy of shifting some of its $1.2 trillion in assets towards riskier investments.
3 min read · 18 October 2013
Privately-held natural gas exploration and production company Rice Energy is planning for an initial public offering that could value the company at as much as $2.5 billion, sources told Reuters.
2 min read · 17 October 2013
Stitch Fix said it has raised $12 million as it tries to establish itself in what is proving a tricky market: online retail sales, Reuters reported.
2 min read · 17 October 2013
The owner of STK, a New York-based steakhouse restaurant group that markets itself to women, has attracted $44.3 million from investors, bringing a chain billed as "not your daddy's steakhouse" a step closer to the stock market, Reuters reported.
2 min read · 17 October 2013
Brixmor Property Group Inc, a shopping center operator owned by Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), said it expected its initial public offering to be priced between $19 and $21 per share, raising about $790 million, Reuters reported.
1 min read · 17 October 2013
Pactera Technology International Ltd (PACT.O: Quote, Profile, Research, Stock Buzz), China's largest technology outsourcing company, agreed to be taken private by a consortium led by Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) for $625 million, after a month of wrangling over the sale price, Reuters reported.
1 min read · 17 October 2013
JP Morgan's (JPM.N: Quote, Profile, Research, Stock Buzz) One Equity Partners (OEP) is seeking to sell its majority stake in Austrian packaging group Constantia Flexibles either through a stock market listing or a trade sale, sources told Reuters.
2 min read · 16 October 2013
strong>Plains GP Holdings LP, the general partner of Plains All American Pipeline LP, priced its initial public offering at $22 per share to raise $2.82 billion, making it the largest U.S. IPO this year, Reuters reported.
1 min read · 16 October 2013
Swiss Re has agreed to invest as much as $425 million in Hong Kong business man Richard Li's insurance venture, FWD Group, writes Reuters. Swiss Re is initially buying a 12.3 percent stake in FWD for an undisclosed amount and will also help fund FWD's planned expansion across Asia, the Swiss reinsurer said in a statement.
1 min read · 16 October 2013
Strong public demand for Britain's Royal Mail sell-off could mark the retail investor's return as a more regular player in share sales, potentially giving firms another source of cash and broadening share ownership in the country, writes Reuters. Small investors flocked to Royal Mail, Britain's biggest privatisation for decades, prompting comparisons to pioneering sell-offs such as British Airways and British Gas.
4 min read · 16 October 2013
