(Reuters) - A high-profile Silicon Valley sex discrimination lawsuit moved closer to a trial after a panel of justices ruled that venture capital firm Kleiner Perkins Caufield & Byers cannot take the claims of former partner Ellen Pao to arbitration. The justices for the California Court of Appeal in San Franciso ruled that "Pao is not bound to arbitrate her complaint against KPCB."
2 min read · 27 June 2013
DriveCam, which develops technology aimed at curbing driver errors, has tapped Morgan Stanley, Barclays and Credit Suisse to lead an IPO for later next year, Reuters reports.
2 min read · 27 June 2013
Regulators are reviewing the sale of annuity businesses to private equity firms, worried that such sales put annuity customers at risk, Reuters reports. The scrutiny has delayed the sale of Sun Life's annuity business to Guggenheim Partners and could delay Aviva's sale of its annuity business to Athene, Reuters says.
4 min read · 26 June 2013
Technology products retailer CDW Corp cut the number and price of shares in its initial public offering, as the U.S. stock markets remain volatile on concerns that the Federal Reserve may roll back its stimulus policies, Reuters reported.
2 min read · 26 June 2013
British private equity firm Charterhouse Capital Partners is considering taking French caterer Elior public this year, after it received bids that fell short of its asking price of 4 billion euros ($5.2 billion), the Financial Times reported, writes Reuters. Bids that fell short included a joint offer from fund managers BC Partners and CVC Capital Partners which valued Elior at 3.5 billion euros, writes Reuters.
1 min read · 26 June 2013
(Reuters) - Tremor Video will gauge Wall Street's interest in advertising technology companies when its prices its IPO on Wednesday. Others eyeing public floats this year include Criteo, RocketFuel and YuMe, Reuters reports.
3 min read · 26 June 2013
Carlyle Group CEO David Rubensteinon Tuesday paid $632,500, a record amount, for a copy of the first newspaper printing of the U.S. Declaration of Independence, according to Reuters. Rubenstein has purchased several historic documents that he has loaned to U.S. institutions, including a copy of the Emancipation Proclamation, Reuters reported. Rubenstein, 63, had a net worth of $3 billion as of March, according to Forbes magazine, which ranked him No. 458 out of the world's 1,426 billionaires.
2 min read · 26 June 2013
(Reuters) TPG Capital is involved in two separate bids for Singapore Telecommunications Ltd's Australian satellite unit, a business valued at more than $1.9 billion, according to a report by the Australian Financial Review. TPG has joined in a bid with Blackstone Group and another bid with Malaysian satellite operator MEASAT, AFR reported.
1 min read · 26 June 2013
German retailer Douglas said it was making up to 500 million euros ($655 million) available to its perfumeries business as part of plans to grow internationally, writes Reuters. Douglas, taken private by the Kreke family that run the group and private equity firm Advent International, said the group would invest in acquisitions both at home and abroad, open new stores and modernise existing ones, writes Reuters.
1 min read · 25 June 2013
Club Mediterranee's board accepted an improved offer from two top shareholders that plan to take over the French holiday firm and accelerate its shift to fast-growing markets, writes Reuters. Chinese investor Fosun International and AXA Private Equity, which have teamed up with management, raised their bid to 17.50 euros a share from a previous offer of 17 euros that had left some shareholders unhappy, writes Reuters.
2 min read · 25 June 2013
