(Reuters) – Harrah’s Entertainment Inc [HAMLEH.UL], the world’s largest casino operator by revenue, reported a fourth-quarter profit on Thursday, compared with a year-earlier loss, but revenue fell 8 percent as demand in Las Vegas and Atlantic City remained weak. Hit by the economic downturn, consumers have cut back on discretionary spending like gambling trips at […]
(Reuters) – Denmark’s Danske Bank and Sweden’s SEB have joined a team of banks to launch a share offering in Danish telecom TDC for its private equity owners, sources told Reuters. The private equity firms, which hold nearly 88 percent of TDC’s stock, have appointed a consortium of a total of nine banks to sell […]
Blackstone Group LP(BX.N) has three commitments so far to the yuan-denominated fund it is raising in China, it said on Thursday. Blackstone announced plans in August to launch a 5-billion-yuan ($732 million) fund to invest primarily in the city of Shanghai. The size of the fund is limited under Chinese law to that size, Blackstone has said.
David Bonderman, co-founder of giant private equity firm TPG [TPG.UL], said on Thursday that regulators are accelerating bank failures by limiting private equity firms' ability to buy into and reorganize struggling banks.
(Reuters) - Fortress Investment Group LLC (FIG.N), one of the world's largest publicly traded alternative asset managers, said its assets under management shrank by almost 1 percent during the fourth quarter as client redemptions totaled over $1 billion.
(Reuters) – Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity in the coming days, those involved in the deal said, as the risk-shy funds search for bigger returns. Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that […]
Private equity giant Kohlberg Kravis Roberts & Co (KKR.AS) said on Thursday it could not predict the timing of its long-sought New York Stock Exchange listing, but it would move as promptly as practical.
Salo Aizenberg has joined Hauppauge, N.Y.-based lender Westbury Partners as Managing Director. He was previously a Managing Director at Global Leverage Capital. Westbury's current fund will be focused on mezzanine investments.
Paul Ahlstrom has left vSpring Capital, a Salt Lake City-based venture capital firm he co-founded, according to VentureWire. He plans to launch a new firm n Mexico. vSpring will not add a new managing director to replace him on its $162 million third fund.
BOSTON (Reuters) – Fortress Investment Group LLC (FIG.N), one of the world’s largest publicly traded hedge fund and private equity fund firms, reported a smaller quarterly net loss and said assets climbed as it took in new money from investors. Fortress, which went public three years ago, said its net loss attributable to Class A […]