- U.S. private equity firm Blackstone (BX.N: Quote, Profile, Research, Stock Buzz) is among potential bidders for a minority stake in Italian fashion house Versace, sources told Reuters on Wednesday.
2 min read · 10 October 2013
Five buyout firms are expected to bid next week for a stake in Deutsche Telekom's online classified advertising business Scout24, valuing the equity and debt of the whole unit at $2.2-2.3 billion, three sources told Reuters.
2 min read · 10 October 2013
Advertising agency WPP (WPP.L: Quote, Profile, Research, Stock Buzz) believes that a price tag of up to $2.5 billion for IMG Worldwide is too high to justify a bid for the sports marketing group, CEO Martin Sorrell said on Thursday.
2 min read · 10 October 2013
Warburg Pincus-controlled oil and natural gas company Antero Resources Corp will go public on Thursday with a valuation of over $11 billion, after the company priced its upsized initial public offering above its indicated range, writes Reuters. Strong demand for the company's shares highlights investor appetite for companies in a sector with vast reserves of natural gas and oil unlocked from underground shale deposits that are driving an energy renaissance in the United States, writes Reuters.
2 min read · 10 October 2013
Business Secretary Vince Cable said on Wednesday the British government estimated it had received more than 700,000 applications for shares in Royal Mail, reflecting huge demand for the country's largest privatisation in decade, Reuters reported.
1 min read · 09 October 2013
Jos. A. Bank Clothiers Inc (JOSB.O: Quote, Profile, Research, Stock Buzz) offered to buy bigger rival Men's Wearhouse Inc (MW.N: Quote, Profile, Research, Stock Buzz) for about $2.3 billion to create a men's apparel heavyweight with more than 1,700 stores - a proposal that Men's Wearhouse swiftly rejected, Reuters reported.
3 min read · 09 October 2013
Indian e-commerce company Flipkart has raised $160 million from private equity investors, writes Reuters. The Bangalore-based company had raised $200 million in July from existing investors including South Africa's media and e-commerce company Naspers and private equity funds Tiger Global and Accel Partners.
1 min read · 09 October 2013
China Resources Enterprise Ltd is set to launch a strategic review of its Hong Kong meat distribution unit, a source told Reuters, as it readies funds to bid for tycoon Li Ka-shing's ParkNShop supermarket business.
2 min read · 08 October 2013
A Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) unit has bought a 50 percent stake in privately-held British motor insurer Hastings, in a deal that values the company at 700 million pounds ($1.13 billion), Reuters reported.
1 min read · 08 October 2013
Former executives of Finam Global, the venture arm of leading Russian financial group Finam, have launched a $30 million high-tech fund to invest in fast-growing markets of considerable size, writes VentureBeat, according to Reuters. Christened Flint Capital, the fund comes as the fourth sizeable one launched in Russia since the beginning of the year — after FRII, a $200 million state-owned seed stage fund, Maxfield Capital, a $100 million fund linked to Russian oligarch and Skolkovo President Viktor Vekselberg, and Genezis, writes VentureBeat.
2 min read · 08 October 2013
