British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros ($400 million), raising hopes that the state-rescued bank is moving closer to restoring its dividend, Reuters reported.
3 min read · 21 August 2013
Bi-Lo Holdings, a supermarket chain backed by Lone Star, is planning an initial public offering later this year and has tapped banks to lead the deal, sources told Reuters.
2 min read · 20 August 2013
U.S. securities regulators charged a former private equity fund manager at Oppenheimer Holdings Inc's Oppenheimer & Co on Tuesday with misleading investors about the valuation and performance of some funds, Reuters reported.
1 min read · 20 August 2013
Blackstone's real estate arm is targeting up to $5 billion for a new European fund, a source told Reuters, as one of the world's biggest private equity firms bets on property deals in the region picking up.
1 min read · 20 August 2013
KKR & Co LP and Warburg Pincus LLC are among the private equity firms competing for Mitchell International Inc, a car and property claims software company that could fetch up to $1.5 billion, sources told Reuters.
2 min read · 20 August 2013
Ares Management LLC and Ontario Teachers' Pension Plan will buy building products maker CPG International Inc to take advantage of a recovering U.S. housing market, Reuters reported.
1 min read · 19 August 2013
Bahrain-based Investcorp INVB.BH said on Monday that it had agreed to sell British online payments services firm Skrill Group to private equity group CVC Capital Partners CVC.UL for 600 million euros ($800 million).
1 min read · 19 August 2013
EIG Global Energy Partners LLC is interested in buying more assets from troubled Brazilian tycoon Eike Batista, a person familiar with the U.S. investment company's plans told Reuters days after it closed a $544 million deal that gives it control of a major new port.
3 min read · 19 August 2013
Japan's Mitsui & Co, and U.S. private equity firm Carlyle Group have submitted preliminary bids for Quality Healthcare Medical Services, which is being sold by India's Fortis Healthcare and is valued at around $300 million, sources told Reuters.
2 min read · 19 August 2013
Advertising technology company Rocket Fuel Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
1 min read · 18 August 2013
