NEW YORK (Reuters) – Deutsche Bank AG (DBKGn.DE) lost its spot underwriting Kohlberg Kravis Roberts & Co’s initial public offering of Dutch semiconductor company NXP BV because it refused to renew a line of credit for the company, a source said on Tuesday. Private equity firm KKR had asked Deutsche Bank to renew a […]
WASHINGTON (Reuters) – U.S. lawmakers desperate for revenue are looking anew at changing the tax treatment of profits earned by hedge fund and private equity managers, congressional sources said on Tuesday, a move that would hike their taxes considerably. A proposal to change the tax treatment of fund managers’ profits known as “carried interest” last […]
John Sheppard, a 20-year veteran of Coca-Cola, has joined Advent International as an operating partner. His past roles included president of Coca-Cola’s European division and vice president of Coca-Cola International.
Tencent Holdings (SEHK 00700) has invested $300 million into Digital Sky Technologies, a Russian Internet company that has made investments of its own in companies like Facebook and Zynga. The deal is in exchange for a 10.26% equity stake.
JW Asset Management has acquired Arbor Pharmaceuticals, a Raleigh, N.C.-based pediatric drug developer. No financial terms were disclosed.
MUMBAI (Reuters) – U.S. private-equity firm Kohlberg Kravis Roberts & Co is in talks to buy a controlling stake in Indian back-office service provider Firstsource Solutions (FISO.BO), three sources with direct knowledge of the matter said. KKR is negotiating to buy a stake totalling about 68 percent of the IT services company from No. 2 […]
Nautilus Neurosciences Inc., a Bridgewater, N.J.-based drug developer focused on neurology, has raised an undisclosed amount of equity funding from Galen Partners. It previously raised over $14 million from investors that included Tailwind Capital Partners.
CCMP Capital has completed its acquisition of a 37% stake in Oklahoma City-based oil and gas producer Chaparral Energy, for $345 million.
The Carlyle Group has closed its third Asia buyout fund with $2.55 billion in capital commitments. The firm's previous Asia buyouts fund closed in 2006 with $1.8 billion.
Intermediate Capital Group has closed its European Recovery Fund with €843 million in capital commitments. The fund capacity rises to approximately €1.5 billion, when ICG PLC's co-investment and third-party funds are included.