Reuters News

Reuters: NHL's Devils Sold to Owners of Philadelphia 76ers

A pair of private equity executives who own a majority of the Philadelphia 76ers basketball team on Thursday reached a deal to acquire the New Jersey Devils hockey team and its arena, Reuters said.

Reuters: Kelso Close to Selling Building Products Firm to Quikrete-Sources

(Reuters) - Private equity firm Kelso & Co is in advanced talks to sell Custom Building Products Inc to peer Quikrete Companies Inc, in a deal that could value the company at between $700 million and $800 million, sources told Reuters.

Reuters: SVP Targets Other Private Equity Firms for Kloeckner Pentaplast Sale - sources

Strategic Value Partners (SVP) is targeting other private equity firms as potential buyers of its German plastic films maker Kloeckner Pentaplast, sources told Reuters.

Reuters: Textbook Rental Company Chegg Files for IPO of up to $150 million

Textbook rental company Chegg Inc, which is backed by Insight Venture Partners, Foundation Capital, Gabriel Venture Partners and Kleiner Perkins, filed with U.S. regulators on Thursday to raise up to $150 million in an initial public offering, Reuters reported.

Reuters: UK Estate Agent Foxtons to File for IPO as Soon as August -FT

Foxtons, the private equity-backed British estate agent, will file for an initial public offering as soon as August 27, the Financial Times reported on Tuesday, citing people familiar with the move.

Reuters: Regency Sells 7 Shopping Centers to Blackstone-DDR JV

Regency Centers Corp said on Tuesday that it had sold a portfolio of seven grocery-anchored shopping centers to a joint venture between Blackstone Group LP and real estate investment trust DDR Corp for $332 million.

Reuters: Watsa to Hold Keys to a BlackBerry deal

BlackBerry Ltd is expected to draw preliminary interest from technology companies, buyout firms and Canadian pension funds, but its fate may ultimately rest in the hands of its largest shareholder, Prem Watsa's Fairfax Financial Holdings, Reuters reported.

Reuters: Bidders Line Up for $1 Billion Rexam Healthcare Unit - sources

Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), sources told Reuters.

Reuters: Heinz to Cut 600 Jobs in North America After Sale of Company

H.J. Heinz Co, the world's largest ketchup maker, said on Tuesday it plans to eliminate 600 jobs across North America.

Reuters: Kohlberg Refuses to Match Rival $477 Mln Bid for Steinway

Buyout firm Kohlberg & Co on Tuesday refused to match a $477 million offer for Steinway Musical Instruments Inc said to be from Paulson & Co, leaving the 160-year-old maker of pianos and saxophones free to finalize a deal with the hedge fund titan, Reuters reported.