Nokia shares surged after it announced plans to buy out partner Siemans AG's share of its valuable network equipment joint venture, writes Reuters. Loss-making Nokia will gain full control of Nokia Siemens Networks for $2.2 billion, writes Reuters.
4 min read · 01 July 2013
Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmithKline, Sky News reported on Sunday, writes Reuters. Last month, GSK said it had appointed JPMorgan and Greenhill to advise it on the sale.
1 min read · 01 July 2013
(Reuters) - The Edward Snowden saga may be a headache for his former employer Booz Allen Hamilton Corp and its 67 percent owner, the private equity firm Carlyle Group LP, but it could turn out to be a bigger problem for some of Carlyle's rivals.
6 min read · 01 July 2013
Private equity-backed companies HD Supply and CDW saw their shares rise their IPOs Thursday, but VC-backed Tremor Video ended the day lower than it priced.
2 min read · 28 June 2013
(Reuters) - Private equity firm Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is seeking $1.5 billion, according to people familiar with the matter. Boyu will launch the fund in the second half of the year, continuing its focus on investing into Chinese companies, the sources say.
3 min read · 28 June 2013
(Reuters) - Japan's Lixil Group Corp said on Friday that it will buy toilet and plumbing facilities maker ASD Americas Holding Corp (American Standard) for $542 million. Lixil, a housing facilities manufacturer, will acquire American Standard shares from a unit of private equity firm Sun Capital Partners, it said in a statement.
4 min read · 28 June 2013
(Reuters) - U.S. private equity firm TPG is interested in investing in Japan's Seibu Holdings by either buying a stake from top shareholder Cerberus Capital Management or by acquiring new shares, people with knowledge of the matter said.
3 min read · 28 June 2013
(Reuters) - Buyout firm CVC Capital Partners Ltd has raised more than the 10.5 billion euros ($13.7 billion) it can accept for its latest flagship fund in just six months and will have to turn down money, a person familiar with the matter said on Thursday.
2 min read · 28 June 2013
(Reuters) - Blackstone Group and Warburg Pincus are among the buyout firms through to the second round of the auction for Carlyle Group's aerospace communications firm Arinc Inc, several people familiar with the matter said this week. Hellman & Friedman, Advent International and BC Partners are also in the mix, sources said.
2 min read · 27 June 2013
(Reuters) - New Century Real Estate Investment Trust, which is backed by private equity firm Carlyle Group, plans to slash its Hong Kong initial public offering by at least 50 percent because of tepid demand for new listings in the city, IFR reported on Thursday. The IPO will be at least half the up to $254 million originally planned, IFR reported. New Century owns four five-star hotels in mainland China.
1 min read · 27 June 2013
