Chinese sovereign wealth fund ChinaInvestment Corp (CIC) is in unspecified talks with Alibaba Group, the official People's Daily reported on Friday, citing deputy director of public relations and international cooperation for CIC Liu Fangyu, Reuters said.
1 min read · 26 July 2013
British private equity firm Bridgepoint has asked its investors for more time to invest its biggest buyout fund, the latest manager to seek an extension amid a slow recovery in dealmaking, Reuters reported.
2 min read · 25 July 2013
Legg Mason Inc Chief Executive Joseph Sullivan said the Baltimore asset manager has sold its Private Capital Management equity investment unit to its management team, Reuters reported.
1 min read · 25 July 2013
Carlyle Group LP has selected banks for an initial public offering of telecommunications equipment company CommScope Holding Co Inc, which was taken private in 2011 for $3.9 billion, sources told Reuters.
2 min read · 25 July 2013
U.S. fund Blackstone has bought 18 protected rent housing blocks from Madrid city council for 125.5 million euros ($165.89 million), the council said on Wednesday, in one of the first private equity purchases of publicly owned housing in Spain, Reuters reports.
2 min read · 25 July 2013
Private equity group Carlyle has entered exclusive talks to buy family-owned German wood processing group Klenk Holz AG and hopes to clinch a deal this month, sources told Reuters.
1 min read · 25 July 2013
Kelso & Company has hired Barclays and Macquarie Group to find a buyer for event services company PSAV Presentation Services in a deal that could fetch as much as $1 billion, sources told Reuters.
2 min read · 25 July 2013
U.S. auto lender Ally Financial Inc is planning an initial public offering that could raise $2 billion to $4 billion as soon as early next year, sources told Reuters.
4 min read · 24 July 2013
Zulily hired investment banks in recent weeks to advise the fast-growing e-commerce company on a possible initial public offering, sources told Reuters.
2 min read · 24 July 2013
Private equity firm Silver Lake, which is backing Michael's Dell's sweetened $24.6 billion bid for Dell Inc, does not support an increase of the buyout consortium's offer to $14 per share, a source told Reuters.
1 min read · 24 July 2013
