Dell Inc founder and chief executive Michael Dell is very concerned that Blackstone Group LP's buyout offer would dismantle the PC maker he founded in 1984, writes Reuters. The Dell founder thinks that Blackstone's plans would be inconsistent with his own strategy to reinvest in the company, writes Reuters.
1 min read · 26 March 2013
Reuters - Hulu's board has approached potential buyers to gauge their interest in buying the online video service, writes Reuters. The board sounded out several possible buyers as part of an internal strategic review begun recently, but it has not received a formal offer.
2 min read · 26 March 2013
Danish outsourcing firm ISS has refinanced and amended and extended its debt pile to pave the way for a potential IPO, writes Reuters. Goldman Sachs, Deutsche Bank, Nordea and UBS were advising on the A&E as well as on the refinancing.
2 min read · 26 March 2013
(Reuters) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Horizons Ventures, a venture capital firm owned by Hong Kong billionaire Li Ka-shing, Yoko Ono and Rupert Murdoch.
3 min read · 26 March 2013
Shire is to buy privately owned U.S. biotech firm SARcode Bioscience, paying $160 million upfront to win rights to a new drug in late-stage development for dry eye diseases.
2 min read · 25 March 2013
Cabling equipment maker HellermannTyton has narrowed the price range for its London listing to between 195 pence and 205 pence per share, Reuters reported Monday. The company, owned by private equity firm Doughty Hanson, had originally set a price range of 190 pence to 235 pence per share for the sale of at least a 50 percent stake. HellermannTyton has received enough orders for the shares on offer within the revised range.
1 min read · 25 March 2013
Dutch food ingredients group CSM said on Monday it had agreed to sell its bakery supplies business for 850 million euros ($1.1 billion) to private equity firm Rhone Capital, Reuters reported. CSM put its main bakery supplies business, which makes muffins and pastries mainly for European and U.S. retailers, up for sale in May 2012, blaming weak consumer spending and high raw material prices, in order to focus on more profitable food ingredients.
1 min read · 25 March 2013
Technology products retailer CDW Corp. filed with U.S. regulators to raise $500 million in an initial public offering, making it the latest private equity-backed company to file to go public this year. CDW was taken private in 2007 for $7.3 billion by Madison Dearborn Partners LLC and Providence Equity Partners. The proposed IPO could raise about $750 million, Reuters reported earlier this month.
2 min read · 25 March 2013
A special committee of Dell Inc's board is evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing $24.4 billion take-private deal, writes Reuters. Icahn and Blackstone put in preliminary bids late last week, potentially upsetting the plans of the PC maker's founder, Michael Dell, and private equity firm Silver Lake to take Dell private.
4 min read · 25 March 2013
Tired of the hefty fees charged by private equity firms and wanting more say over what they buy, big investors like pension funds and insurers are taking matters into their own hands, writes Reuters. Some are buying stakes in companies directly or teaming up to invest alongside private equity firms rather than locking money away in those firms' funds, writes Reuters.
5 min read · 25 March 2013
