Carlyle Group LP on Wednesday posted a second-quarter profit after a year-ago loss, but it fell short of Wall Street's expectation that a stock market rally would benefit the company more, and it struck a gloomy note on the outlook for private equity deals in the United States, Reuters reported.
4 min read · 07 August 2013
Private biotech companies globally raised almost $1.3 billion through venture capital deals in the second quarter, up 190 percent from Q1, and European biotechs grabbed 44 percent of that total, according to a report.
4 min read · 07 August 2013
Northstar Group, a private equity firm owned by Indonesian investor Patrick Walujo, has led a management buyout of Singapore's biggest property broker, ERA Real Estate, its second major deal in Singapore in less than a year and a sign of growing interest in the city's real estate market, Reuters reported.
2 min read · 07 August 2013
Rexel controlling shareholder Ray Investment sold a further 10 percent stake in the French electrical equipment supplier in a transaction worth 525.6 million euros ($700 million), Reuters reported.
1 min read · 07 August 2013
Siemens AG is hoping to fetch as much as $700 million in the auction of its water technologies unit and is seeking second-round bids by the middle of August. Platinum Equity LLC, Centerbridge Partners LP and Golden Gate Capital LLC are among the PE firms preparing to bid, Reuters reported.
2 min read · 06 August 2013
Blackstone Group LP is exploring a sale of La Quinta Inns & Suites, a budget hotel chain it values at around $4.5 billion, a source told Reuters.
1 min read · 06 August 2013
Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter said on Monday, in the latest sign that the high-end department store is leaning towards a listing over pursuing an outright sale, Reuters reported.
2 min read · 06 August 2013
Private equity firm CVC has entered into exclusive talks to buy British home appliance insurer Domestic & General from Advent International, banking sources told Thomson Reuters Loan Pricing Corp.
1 min read · 06 August 2013
Cosmetics maker Revlon Inc will buy Spanish beauty care company The Colomer Group for $660 million, reacquiring a professional products business it sold 13 years ago, Reuters reported.
2 min read · 06 August 2013
Alliant Techsystems Inc, the world's largest ammunition maker, is in advanced talks to buy Bushnell Outdoor Products Inc in a deal that could value the gun accessory maker at around $1 billion, sources told Reuters.
2 min read · 06 August 2013
