Bertelsmann, Europe's largest media company, is buying private equity firm KKR's stake in their joint venture music rights management company BMG.
2 min read · 01 March 2013
Years before becoming a publicly traded internet juggernaut, Facebook tried an unorthodox tactic to expand its influence - giving start-ups money to build Facebook apps. Now, unlisted internet telephony firm Twilio and its financial backer are attempting to recreate Facebook's success.
2 min read · 01 March 2013
A consortium led by Carlyle Group and company management has reached a deal to take Chinese economy hotel chain 7 Days Group Holdings Ltd private, after raising its bid by 9 percent to $688 million.
2 min read · 01 March 2013
Abraaj Capital, the Middle East's largest private equity firm, plans to sell its 50 percent stake in Turkish health insurer Acibadem Sigorta, three sources familiar with the matter said on Thursday.
2 min read · 01 March 2013
The costs of new rules for investors which buy and sell companies could drive smaller players out of business or force them into tie-ups with peers, private equity managers said.
3 min read · 01 March 2013
Bushnell, an outdoor products manufacturer, is up for a sale in a deal that could be worth $1 billion, three sources familiar with the matter said on Thursday. Bushnell's owner, private equity firm MidOcean Partners, is finalizing advisors for the process, said all the sources who declined to be identified because the talks are private.
1 min read · 01 March 2013
SunTrust Banks Inc has found at least three private equity firms interested in buying its Ridgeworth Investments asset management unit, sources said, in the Atlanta-based bank's third attempt to sell the firm in as many years.
2 min read · 01 March 2013
Spark Capital raised $450 million for its fourth fund, making it the largest round for the Boston-based firm, writes Reuters. Spark, which has invested in consumer Internet companies like Twitter, Tumblr and Foursquare, will tap this fund to expand into other sectors like financial services, healthcare and education.
1 min read · 28 February 2013
Blackstone Group is driving the migration of private equity money into India's commercial real estate after the global financial crisis cooled the country's once-ardent residential segment and the number of unsold new homes surged, writes Reuters. Indian home prices are down between 5 and 30 percent since 2009, writes Reuters.
4 min read · 28 February 2013
Fashion house BCBG Max Azria Group Inc is exploring a potential sale that could fetch around $1 billion, writes Reuters. The company, which owns the BCBGeneration, Max Azria and Herve Leger lines, is being advised by Blackstone Group on the sale process, writes Reuters.
2 min read · 28 February 2013
