American Express Co (AXP.N: Quote, Profile, Research, Stock Buzz), squeezed by tighter corporate travel budgets, said it was in talks to sell half of its business travel division for up to $1 billion to an investor group led by Certares International Bank LLC, Reuters reported.
2 min read · 25 September 2013
Chinese e-commerce company Alibaba Group Holding Ltd ALIAB.UL has decided to pursue an initial public offering in New York after talks with Hong Kong regulators broke down over a listing in the Asian financial hub, sources familiar with the discussions said on Wednesday.
2 min read · 25 September 2013
AXA Private Equity is considering selling natural ingredient maker Diana in a deal which could be worth 1 billion euros ($1.35 billion), the Financial Times reported, writes Reuters. The Paris-based buyout fund manager is asking JPMorgan Chase & Co to advise on the sale.
1 min read · 25 September 2013
Lending platform Prosper continues to prosper with $25 million of new funding, writes VentureBeat. This round follows closely on the heels of the last one — Prosper closed $20 million in January and has raised nearly $120 million in venture capital since its founding in 2006.
2 min read · 25 September 2013
Private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International and Corsair in partnership with Flexpoint Ford LLC have submitted bids for Munder Capital Management in a deal that could be valued at up to $400 million, writes Reuters. New York-based private equity firm Crestview Partners is looking to sell Birmingham, Michigan-based Munder after owning it since 2006.
2 min read · 24 September 2013
Malaysia and Japan-based Asian Energy Investments Pte have launched a $100 million venture capital fund to invest in clean energy projects in South East Asia, writes Reuters. Malaysia's Prime Minister Najib Razak announced the launch of the fund on Monday at a meeting of sustainable development experts in San Francisco in the United States.
1 min read · 24 September 2013
Private equity firm JC Flowers has approached Britain's Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month, writes Reuters. Lloyds, which is now 32.7 percent-owned by the taxpayer after the government sold a 6 percent stake last week, has been working on a stock market listing for TSB next year.
1 min read · 23 September 2013
Italian carmaker Fiat has brought in a veteran of the 2009 U.S. autos sector bailout in a bid to break the deadlock in talks for it to buy out the minority investor in U.S. automaker Chrysler, a source told Reuters.
2 min read · 20 September 2013
Shares of private equity-owned golf club operator ClubCorp Holdings Inc rose 10 percent in their market debut, a day after the company priced its initial public offering below the expected range.
1 min read · 20 September 2013
Activist investor Starboard Value LP said in a regulatory filing on Friday that it planned to vote in favor of the $4.7 billion offer for Smithfield Foods Inc by China's Shuanghui International, saying it has not been able to line up an alternative proposal ahead of a meeting next week, Reuters reported.
1 min read · 20 September 2013
