(Reuters) - Permira Advisers LLP has emerged as the front-runner to take genealogy website Ancestry.com Inc private, two people familiar with the matter said, in a deal that could top $1.5 billion.
2 min read · 02 October 2012
(Reuters) - A new study showing that immigrants founded one quarter of U.S. technology start-up companies could fuel calls to relax immigration rules ahead of next month's U.S. presidential elections, where the economy and immigration are key issues.
2 min read · 02 October 2012
Banks are offering up to 500 million euros ($645 million) of debt to bidders in private equity firm CVC's sale of Danish store group Matas, as retail deals continue to dominate the European leveraged buyout market this year, Reuters reported. Banking sources said on Tuesday Morgan Stanley and Nordea, which are running the auction for the health and beauty chain, have put together a financing package which will be available to back the buyout should it go to a private equity bidder. Matas was put up for sale earlier this year and could fetch around 800 million euros.
2 min read · 02 October 2012
(Reuters) - Venture capitalists, long the lifeblood of medical technology firms, are growing cautious on the sector after seeing their returns squeezed in a time of growing cost pressures for healthcare, a report by Ernst & Young said.
3 min read · 02 October 2012
Publisher John Wiley & Sons Inc. said it will buy privately held Deltak.edu LLC, a higher education and online learning services company, for $220 million to bolster its digital learning offerings, Reuters reported Tuesday. The deal is expected to close by the end of the month.
1 min read · 02 October 2012
Private equity firm KKR is among bidders for the German cell phone towers put up for sale by Dutch telecoms group KPN, Reuters reported. Sources familiar with KPN said the company hopes to fetch 300-400 million euros ($387-$516 million) from the sale. According to this person, private equity firms EQT, KKR as well as French television network operator TDF Group and Antin Infrastructure Partners are still in the race, Reuters wrote.
2 min read · 02 October 2012
Investors found more money for private equity deals in the third quarter, with private equity houses raising more than $64 billion, according to figures from private equity data group Preqin. The amount raised is more than 10 percent higher than the same period last year and could rise by another 10-20 percent as more data becomes available, Reuters reported Monday. Private equity houses have raised more than $200 billion year to date, according to Preqin.
1 min read · 02 October 2012
(Reuters) - BMC Software Inc is exploring a potential sale of the company and has retained Bank of America Merrill Lynch to assist with the strategic review, people familiar with the matter said on Monday.
2 min read · 01 October 2012
1 min read · 01 October 2012
(Reuters) - Workday Inc, which provides cloud-based human resource software, said it plans to price its initial public offering of Class A shares at between $21 and $24 each, valuing the Silicon Valley company at up to $3.85 billion.
2 min read · 01 October 2012
