Israel's biggest venture capital firm, Pitango, found new backers in Asia to help raise $270 million, which it plans to invest in Israeli technology companies that target the global market, Reuters reported.
1 min read · 01 October 2013
King.com Ltd, the British mobile gaming company best known for its hit puzzle game 'Candy Crush Saga', has filed confidentially for an initial public offering (IPO) in the United States, a source told Reuters.
2 min read · 30 September 2013
Private equity firm Palamon Capital Partners said its latest equity fund had attracted 210 million euros ($284 million) worth of investments in a sign of growing confidence in Europe's economic recovery, writes Reuters. The London-based company's Palamon Auxiliary Partnership 2013 plans to invest the money within two years, the firm said in a statement.
2 min read · 30 September 2013
Bahrain-based Arcapita is aiming to build a new asset management firm with a debut local deal in the logistics, education or healthcare sector as the company recovers from the first Chapter 11 bankruptcy process undertaken by a Gulf Arab entity, writes Reuters. The Islamic investment firm emerged from Chapter 11 on Sept. 17 after seeking court protection in March 2012 under hedge fund pressure ahead of the repayment of a $1.1 billion Islamic loan.
3 min read · 30 September 2013
Trading house Noble and private equity group TPG have each invested $500 million in a private mining venture led by Mick Davis, the former head of Xstrata, hoping to cash in on low valuations and a dearth of buyers for mining assets, writes Reuters. Davis set up his new venture, named in a statement on Monday as X2 Resources, earlier this year, after he was ousted from Xstrata following the miner's acquisition by trading giant Glencore, its largest shareholder.
2 min read · 30 September 2013
TPG Capital -backed Indonesian private equity firm Northstar Group is seeking to raise around $1 billion in a new fund to invest in Southeast Asia, people familiar with the matter told Reuters. Northstar, established in Indonesia in 2003, is one of Southeast Asia's home-grown buyout firms and is facing rising competition from global rivals like KKR & Co and Blackstone Group, both of which have moved teams into the region in the last year.
1 min read · 30 September 2013
AXA is set to confirm the closing of a deal to spin off its private equity arm early this week, the head of AXA Private Equity said in an interview with the Financial Times, writes Reuters. The French insurer in March unveiled the structure of a spin-off that would value its private-equity unit at 510 million euros ($690.62 million), leaving AXA with a 26.9 percent stake in the business and a 200 million-euro capital gain from the sale of majority control to the unit's management and staff.
1 min read · 29 September 2013
SunGard Data Systems Inc is in talks with buyout firm Apax Partners LLP to sell its data management unit, which it has been hoping to divest for as much as $2 billion, sources told Reuters.
3 min read · 27 September 2013
A consortium led by private equity firm Corsair will pay 600 million pounds ($960 million) to be an anchor investor in 314 branches being sold by Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz), Reuters reported.
2 min read · 27 September 2013
Goldman Sachs' (GS.N: Quote, Profile, Research, Stock Buzz) private equity unit is close to buying a stake in Denmark's oil and gas group DONG Energy Danish business daily Borsen reported on Friday.
1 min read · 27 September 2013
