Goldman Sachs Group Inc said it would sell a majority stake in its electronic trading software business, REDI, to a consortium of investors.
1 min read · 17 July 2013
U.S. private equity giant Blackstone Group LP has agreed to buy a majority stake in Indian auto parts maker Agile Electric Works, which controls Igarashi Motors, for about $100 million, two sources with direct knowledge of the matter told Reuters.
1 min read · 17 July 2013
Formula One Chief Executive Bernie Ecclestone has been indicted in Germany in a case relating to the sale of a stake in the motor racing business eight years ago, Reuters reported.
2 min read · 17 July 2013
A timeframe agreed upon between PepsiCo Inc and Trian Fund Management's Nelson Peltz to privately address the activist investor's suggestions for improving shareholder returns may be closing, sources told Reuters.
3 min read · 17 July 2013
Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, sources told Reuters.
4 min read · 17 July 2013
French clothing retailer Vivarte, owned by private equity firm Charterhouse, has breached the terms on 3.43 billion euros ($4.51 billion) of loans, writes Reuters. Charterhouse bought Vivarte in 2007 backed by the 3.43 billion euros of loans and in May last year it conducted an amend and extend of its loan facilities, pushing out the maturity of its debt by two years, according to Thomson Reuters LPC data.
2 min read · 17 July 2013
FundersClub is looking at new ways to stay on top, writes VentureBeat. The startup has released a new feature that rewards members of its community for making referrals. FundersClub closed a $6 million seed round last year. It is based in San Francisco, Calif.
3 min read · 17 July 2013
A consortium led by Paris-based AXA Private Equity has raised its bid for Elior and is offering to buy a minority stake in the French caterer, French daily Les Echos said, writes Reuters. AXA Private Equity could not be reached immediately for comment.
2 min read · 17 July 2013
Dell Inc may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote too close to call, a source tells Reuters.
3 min read · 16 July 2013
Blackstone Group LP, one of the world's biggest hedge fund investors, is now giving retail clients a taste of these normally exclusive portfolios through a new mutual fund, Reuters reported.
2 min read · 16 July 2013
