Private equity-backed insurer Partnership Assurance Group saw total operating profits jump 31 percent in its first results since its June float, thanks in part to a surge in new business, Reuters reported.
1 min read · 29 August 2013
Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, Reuters reported.
1 min read · 29 August 2013
Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007, Reuters reported.
2 min read · 29 August 2013
Enterprise software start-up Hortonworks, a Yahoo Inc spin-off that is also backed by Benchmark Capital, plans to seek a public listing in 15 to 24 months, banking on growing demand for data analytics, Reuters reported.
2 min read · 29 August 2013
U.S. buyouts firm Carlyle Group said on Thursday it would invest around $200 million with U.S. investment management firm Townsend Group to buy and build 17 warehouses as part of plans to build a logistics platform across China, Reuters reported.
1 min read · 29 August 2013
Hilton Worldwide is one of many cleanup acts that have been quietly going on in the world of private equity, as the industry atones for a debt binge in the years before the financial crisis, Reuters reports.
5 min read · 28 August 2013
Australia's Billabong International Ltd on Tuesday said it would conclude a refinancing deal within weeks as its annual net loss more than tripled and sales of its surf and streetware continued to decline in key markets including the United States, Reuters reported.
2 min read · 28 August 2013
KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd's Hong Kong supermarket chain ParknShop, sources told Reuters, after their offers failed to meet the company's expectations.
2 min read · 27 August 2013
The level of debt that private equity firms are putting on large European buyouts has hit a five-year high and is at its highest point since the peak of the market in early 2008 before Lehman Brothers' collapse, according to Thomson Reuters LPC data.
3 min read · 27 August 2013
U.S. investment fund Colony Capital named Jean-Romain Lhomme and Nadra Moussalem as co-heads of its European arm to replace Sebastien Bazin, who on Tuesday tool over the reins of French hotel group Accor, Reuters reported.
1 min read · 27 August 2013
