Spain's nationalised lender NCG Banco said on Monday it has agreed to sell its EVO Banco unit to Apollo Management, writes Reuters. EVO Banco is a network of some 80 branches around Spain, outside the northern region where NCG Banco has its core operation.
1 min read · 09 September 2013
A consortium of Ares Management LLC and the Canada Pension Plan Investment Board is in advanced talks to acquire upscale U.S. retailer Neiman Marcus Inc from TPG Capital LP, Warburg Pincus LLC and Leonard Green Partners LP, sources told Reuters.
3 min read · 09 September 2013
Keval Shah has resigned from Citigroup as co-head of FIG syndicate, based in London, to join UK lender Lloyds Bank to take up the role of head of financial and corporate syndicate, Reuters reported.
2 min read · 06 September 2013
Carlyle Group LP and Hellman & Friedman LLC are among the private equity firms competing for One Call Care Management Inc, a medical cost containment services company that is on the block for more than $1.5 billion, sources told Reuters.
2 min read · 06 September 2013
Singapore's sovereign wealth fund GIC GIC.UL and U.S. private equity group Blackstone are each set to buy 30 percent stakes in Goldman Sachs Group Inc's, British pensions insurance operation, Rothesay Life, the Financial Times reported on Thursday, citing people familiar with the matter.
1 min read · 06 September 2013
Kohlberg Kravis Roberts & Co is set to gain preferential negotiating rights for a majority stake in Panasonic Corp's healthcare unit, sources familiar with the matter said, a potential $1.5 billion deal that would mark the U.S. firm's largest investment in a Japanese company, Reuters reported.
2 min read · 06 September 2013
Private equity firm KKR & Co LP (has agreed to buy car and property claims software company Mitchell International Inc from Los-Angeles based buyout firm Aurora Capital Group, Reuters reported.
2 min read · 05 September 2013
Focus Media Holding Ltd, a Chinese display advertising company backed by Carlyle Group and other private equity firms, plans to return to the loan market with a recapitalisation plan of up to $500 million, according to sources familiar with the matter, Reuters reported.
1 min read · 05 September 2013
David Lloyd Leisure (DLL), one of Britain's biggest health club chains, has agreed a takeover deal with private equity group TDR Capital worth more than 700 million pounds ($1.09 billion), Reuters reported.
2 min read · 05 September 2013
Surgical Care Affiliates Inc, a provider of outpatient surgery facilities that is backed by TPG Funds and MTS , filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering of its common stock, Reuters reported.
1 min read · 05 September 2013
