Private equity groups Investindustrial and Trilantic Capital Partners have bought almost half of Spanish cable operator Euskaltel, the market leader in highspeed broadband in the industrialised Basque region, Reuters reported Monday. Investindustrial, a buyouts group backed by Italy's Bonomi family, and former Lehman Brothers private equity arm Trilantic, said on Monday they had bought a 48 percent stake in Euskaltel. The purchase price was not disclosed, but exceeds 200 million euros ($261 million), the buyers said.
2 min read · 08 October 2012
Pearl.com, an website that connects users with professionals including doctors, lawyers, veterinarians, electricians and technology specialists, has raised $25.7 million in fresh capital. New investor Crosslink Capital and return backer Glynn Capital were among the investors in the Series B round. Pearl.com, formerly known as JustAnswer, was formed in 2003.
3 min read · 08 October 2012
Private equity arm of Standard Chartered Plc has invested $32 million in India's Varun Beverages, which is the largest bottler for PepsiCo Inc. in South Asia, the companies said in a joint statement. The funds would be used to buy out PepsiCo's minority stake in Varun Beverages' subsidiary, the statement said.
1 min read · 08 October 2012
U.S. private equity firm Blackstone Group has paid $100 million for a 12.5 percent stake in India's International Tractors Ltd., it said on Monday, in a bet on the modernisation of India's farms, Reuters reported.
1 min read · 08 October 2012
Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank for investments in renewable energy, Reuters reported. The partners are expected to start raising between $3 and $5 billion in the next few months, with the Chinese bank to put an as-yet-undefined amount into the fund, the person added.
1 min read · 08 October 2012
Private equity groups Investindustrial and Trilantic Capital Partners have taken a minority stake in Spanish cable television provider Euskaltel, writes Reuters. The private equity firms have taken a 48 percent stake in the Basque region's sole cable company, writes Reuters.
1 min read · 08 October 2012
The Blackstone Group has invested $100 million for a 12.5 percent stake in India's International Tractors Ltd, writes Reuters. ITL, which manufactures tractors, is the flagship company of India's Sonalika Group.
1 min read · 08 October 2012
(Reuters) - Shares of FleetMatics Group Plc rose as much as 36 percent on their debut, a day after the Irish fleet management software provider priced its initial public offering at the high end of its expected price range.
1 min read · 05 October 2012
The owners of Nordic optician chain Synsam are launching a sale of the company which could fetch around 500 million euros, sources familiar with the matter told Reuters. They said international private equity firms were likely to be interested in Synsam, but that local players EQT and Nordic Capital might also consider bidding for it, Reuters wrote.
2 min read · 05 October 2012
Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering, Reuters reported. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S. District Judge Robert Sweet in Manhattan. Facebook had requested the transfer, while some investors sought to keep their cases in California.
2 min read · 05 October 2012
