Bosch Mahle Turbo Systems will be sold to Chinese private equity firm Fountain Vest Partners for an undisclosed sum, Bosch and Mahle said in a joint statement on Thursday.
1 min read · 07 September 2017
UBS Group’s asset management unit said on Thursday it aims to launch its first Chinese private fund by the end of the year, as Europe’s fourth-biggest money manager seeks a slice of China’s fast-growing, 10 trillion yuan ($1.54 trillion) private fund market.
2 min read · 07 September 2017
Indian hotel aggregator Oyo said on Thursday it has raised $250 million from new and existing investors in a fresh round of funding led by Japanese conglomerate SoftBank’s Vision Fund.
1 min read · 07 September 2017
Oreva Capital, the Los Angeles-based investment firm that recently bought marijuana enthusiast magazine “High Times,” has funded a management buyout of a handful of media brands catering to the gay community, Reuters reported.
2 min read · 07 September 2017
Toys“R”Us Inc has hired law firm Kirkland & Ellis LLP to help weigh restructuring options ranging from a bankruptcy filing to raising financing as bricks and mortar retail goes through a major downturn, Reuters reported.
2 min read · 07 September 2017
Sports e-commerce firm Fanatics has closed a $1 billion funding round led by SoftBank Group Corp’s Vision fund, which will give it the firepower to expand internationally, Chief Executive Doug Mack told Reuters, Reuters reported.
2 min read · 07 September 2017
Private equity firm Change Capital Partners sold a majority stake in upmarket French fashion Label Paule Ka to Xavier Marie, founder of French home furnishing retailer Maison du Monde, the label said on Wednesday.
1 min read · 06 September 2017
Caisse de dépôt et placement du Québec and private equity fund Ardian entered into exclusive talks to acquire a significant stake in airport ground support business Alvest, Reuters reported. Canada’s second-biggest public pension fund and the French private equity investor are set to acquire the stake from France's Sagard Private Equity Partners. The terms of the deal were not disclosed. Paris-based Alvest designs, manufactures and distributes technical products for the aviation industry.
1 min read · 06 September 2017
Vitamin World, a seller of vitamins and nutritional supplements, plans to file for Chapter 11 bankruptcy, hoping to end costly lease agreements for some of its stores, the company’s chief executive officer said on Tuesday.
2 min read · 06 September 2017
German exchange operator Deutsche Boerse Group has participated in a $5 million equity investment in RegTek.Solutions Inc, a U.S. startup providing software to help financial firms comply with trading regulations, according to a source told Reuters.
2 min read · 06 September 2017
