Entertainment trade newspaper Variety is being sold to online publisher Jay Penske and private equity firm Third Point for about $25 million, writes Reuters. Penske and Third Point have struck a deal to buy the 107-year-old newspaper from medical and technical publisher Reed Elsevier, which put it up for sale in March.
2 min read · 10 October 2012
Private equity firm Bain Capital LLC is planning an initial public offering for Bright Horizons Family Solutions, a child care and early education provider it took private for $1.3 billion in 2008, according to three people familiar with the matter.
2 min read · 09 October 2012
David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a "culture of corruption" at the fund.
3 min read · 09 October 2012
(Reuters) - Silicon Valley-based Workday Inc, which provides cloud-based human resource software, raised the expected price range of its IPO to $24-$26 per share from $21-$24 per share.
1 min read · 09 October 2012
(Reuters) - Twitter founder and Executive Chairman Jack Dorsey said on Tuesday that he trimmed his role at the microblogging service months ago as he devoted the majority of his time to Square, the payment start-up where he is chief executive.
1 min read · 09 October 2012
Online-learning sites for the masses have become one of Silicon Valley's hottest start-up trends. Now, a company that focuses on online education for entrepreneurs is on the boil. CreativeLive, a site that focuses on Internet classes for entrepreneurs, said on Tuesday it won a $7.5 million investment from Greylock Partners, Reuters reported Tuesday. In addition, the company enlisted Mika Salmi, former president of global digital media at Viacom and co-founder of AtomFilms, as chief executive.
2 min read · 09 October 2012
Leon Black, chief executive of private equity firm Apollo Global Management and a prominent art collector, is buying premiere art book publisher Phaidon Press Ltd. for an undisclosed sum, according to a Wall Street Journal report on Monday.
1 min read · 09 October 2012
The main shareholders in Italian sunglasses maker Marcolin SpA are in advanced talks on the sale of a controlling stake to private equity fund PAI, the company said, sending its shares up as much as 10 percent to their highest in over a year, Reuters reported. Marcolin, maker of sunglasses for brands including Tod's and Diesel and which ranks third in the Italian market by sales after Luxottica and Safilo, confirmed on Monday reports that talks with PAI were underway.
2 min read · 08 October 2012
Solar panel installer SolarCity Corp. filed with U.S. regulators to raise up to $201 million in an initial public offering that could help rekindle investor appetite for cleantech stocks, Reuters reported over the weekend. SolarCity investors include Draper Fisher Jurvetson, DBL Investors, Mayfield Fund, Shea Ventures and Valor Equity Partners.
3 min read · 08 October 2012
Chemicals maker TPC Group Inc. said it received a buyout proposal from Innospec Inc. for $721.3 million, topping an offer made by private equity firms First Reserve Corp. and SK Capital Partners. Innospec offered $44 to $46 per share for the company, Reuters reported.
1 min read · 08 October 2012
