British buy-out firm 3i has agreed to work closely with major investment partners to buy into companies together, sidestepping the need to raise new funding in the short term, Reuters is reporting.
3 min read · 16 May 2013
Bain Capital LLC has emerged as the last party standing in the race for Yankee Candle Co Inc, three people familiar with the matter said, making it likely that the largest scented candle maker in the United States will stay in private equity hands, Reuters reported.
3 min read · 16 May 2013
Alternative asset managers such as Blackstone Group and KKR have for decades scoured the stock market for undervalued companies, writes Reuters. Now they are trying to convince investors that shares in their own firms are a bargain.
5 min read · 16 May 2013
General Lighting Co, a Saudi Arabian company part-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, Reuters is reporting.
2 min read · 15 May 2013
From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy, Reuters reports.
4 min read · 14 May 2013
Three well-known portfolio managers are to leave leave Denver asset management firm Janus Capital Group Inc, writes Reuters. The company said Ron Sachs, head of its Janus Twenty Fund and the Janus Forty Fund, would depart at the end of May. Also leaving, Janus said, are Chad Meade and Brian Schaub, co-managers of Janus Triton Fund and the Janus Venture Fund.
2 min read · 14 May 2013
Netscape founder-turned-venture-capitalist Marc Andreessen said the declining number of initial public offerings is hurting performance of public markets and would affect the millions of Americans who hold retirement savings in the stock market., Reuters reported.
2 min read · 13 May 2013
High-end sportswear brand Vince, which is owned by Kellwood Co., is close to filing for an initial public offering, Reuters is reporting.
2 min read · 13 May 2013
The special committee of Dell Inc's board on Monday asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company, Reuters reported.
2 min read · 13 May 2013
Partnership Assurance Group is to float on the London Stock Exchange, writes Reuters. Owned by private equity firm Cinven since 2008, the life insurer generated profit of 112 million pounds ($171.97 million)in 2012 and claims a 26 percent share of the 4.5 billion pound non-standard annuities market in Britain.
1 min read · 13 May 2013
