Royal Bank of Scotland has narrowed a shortlist of prospective bidders for hundreds of branches it must sell, with JC Flowers and Apollo dropping out of the race, sources tell Reuters.
2 min read · 30 May 2013
Spain's biggest bank, Santander, said on Thursday it had reached a deal with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell them a 50 percent stake in its asset management arm, Reuters reports.
1 min read · 30 May 2013
In three decades, Wan Long has turned Shuanghui International Holdings from a small, loss-making meat processor into China's largest, and is making his country's biggest takeover of a U.S. company - the $4.7 billion acquisition of Smithfield Foods Inc, the world's leading pork producer, Reuters reports.
4 min read · 30 May 2013
Bain Capital LLC and AXA Private Equity are the finalists in the bidding contest for French furniture-store chain Maisons du Monde, owned by private equity firms Apax and LBO France, sources tell Reuters.
2 min read · 30 May 2013
Bain Capital is contemplating a Latin America-focused investment fund in the next three to five years, one of its managing directors said on Wednesday, making it the latest private equity firm to consider such a move, Reuters is reporting.
3 min read · 29 May 2013
Berkshire Hathaway Inc's power production unit MidAmerican Energy will pay $5.6 billion for NV Energy Inc, the electric utility that serves Las Vegas and its power-hungry casinos, Reuters reports.
1 min read · 29 May 2013
Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia's VTB Capital, is talking to banks about a possible London listing which could raise at least $1 billion, sources tell Reuters.
2 min read · 29 May 2013
Apache Corp is exploring a sale of a stake in its shallow water Gulf of Mexico assets, attracting private equity interest as it looks to reach a $4 billion asset sale target, Reuters is reporting.
3 min read · 28 May 2013
Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, Reuters reported.
1 min read · 28 May 2013
Venture capitalist Ray Lane resigned from "green" car startup Fisker Automotive's board of directors late last week, Kleiner Perkins Caufield & Byers confirmed to Reuters on Tuesday.
2 min read · 28 May 2013
