GP Investments Ltd (GPIV33.SA: Quote, Profile, Research, Stock Buzz), the largest Latin American buyout firm, sold its remaining stake in Brazilian college operator Estácio Participações SA (ESTC3.SA: Quote, Profile, Research, Stock Buzz), pocketing five years of gains in one of the largest companies in the nation's thriving education industry, Reuters reported.
1 min read · 20 September 2013
A consortium led by private equity firm Corsair has emerged as the front runner to buy 315 branches being sold by Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz), sources told Reuters.
2 min read · 20 September 2013
U.S. Spanish-language broadcaster Univision Communications Inc has in recent weeks held discussions with banks about an initial public offering, according to three people familiar with the matter, as strong stock markets encourage private equity owners to seek exits for their portfolio companies.
2 min read · 20 September 2013
Real estate company Re/Max Holdings Inc said it expected its initial public offering to be priced at $19-$21 per share, raising as much as $210 million, Reuters reported.
1 min read · 19 September 2013
A high-profile Silicon Valley sex discrimination lawsuit moved closer to trial Wednesday after California's highest court rejected an effort by venture firm Kleiner Perkins Caufield & Byers to take a former partner's case against it to arbitration, writes Reuters. The suit, which pits former partner Ellen Pao against one of Silicon Valley's most storied venture capital firms, alleges harassment, discrimination and retaliation.
2 min read · 19 September 2013
Australia's Billabong International accepted a sweetened refinancing proposal from hedge funds Oaktree Capital Management and Centerbridge Partners, and appointed an industry veteran as its new chief executive, writes Reuters. The moves could help the surfwear company turn around its performance, which has been hit by slumping sales of its key brands and a costly expansion strategy since it knocked back a A$850 million ($794.71 million) private equity bid last year.
1 min read · 19 September 2013
Canadian private equity firm Onex Corp (OCX.TO) is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than US$1 billion, two people familiar with the matter told Reuters this week. Onex bought the company from insurance broker Aon Corporation in 2006 for US$710 million. Onex put around US$510 million of equity into the deal, which also saw the Warranty Group's management participate with a substantial investment.
1 min read · 18 September 2013
U.S. regulators are stepping up their scrutiny of the private securities market in anticipation of the lifting on Monday of an 80-year-old ban on advertising by hedge funds to investors, sister news service Reuters reported.
4 min read · 18 September 2013
(Reuters) - Software maker Benefitfocus Inc's shares rose as much as 62 percent, valuing the company at about $1.04 billion in its debut as investors continued to show confidence in cloud-based service providers.
1 min read · 18 September 2013
Private equity firm Phatisa has closed its biggest fund, the African Agriculture Fund, which has secured commitments of $243 million, Reuters reported.
1 min read · 18 September 2013
