HONG KONG (Reuters) – Private equity firms are expected to bid for Goodbaby Group after its top shareholder hired Morgan Stanley (MS.N) to sell its stake in China’s largest baby stroller maker, sources said on Friday. A deal for Goodbaby, which makes pushchairs and other goods for babies for brands including Quinny, Nike Kids and […]
MILAN (Reuters) – Italian fashion house Prada said on Friday it had turned down an approach by investors interested in buying a minority stake. “There are no discussions to sell a stake in the company even though I cannot deny that there are investors interested in (Prada),” a spokesman said. Last Saturday, Italian business daily […]
NEW YORK (Reuters) – Kohlberg Kravis Roberts & Co’s deal to sell IPO stocks through Fidelity Investments suggests it might be gearing up to take public some of the companies in its portfolio, despite a market that remains inhospitable to deals backed by private equity. Under terms of a deal announced Monday, Fidelity alone among […]
BOSTON (Reuters) – BlackRock Inc., the giant U.S. money manager, said on Thursday that it will buy Barclays Global Investors in a cash and share deal that will turn it into the world’s biggest asset manager. The sale, which also includes the iShares business, will more than double BlackRock’s assets to roughly $2.7 trillion and […]
Tim West has been named director of marketing and investor relations for WCAS Fraser Sullivan Investment Management, a debt investment partnership formed in 2007 between Welsh, Carson Anderson & Stowe and Fraser Sullivan Investment Management. He previously was a senior managing director with MacKay Shields.
Shad Qurashi has joined NewOak Capital as vice chairman and head of business development and strategy for the firm's advisory, asset management and capital markets businesses. He previously was joint head of UBS' distressed real estate workout group.
NEW YORK (Reuters) - Chemical giant Huntsman Corp (HUN.N) is due to go to trial on Monday against lenders Credit Suisse (CSGN.VX) and Deutsche Bank (DBKGn.DE) in a Texas state court after a delay related to jury selection. Huntsman launched a multibillion suit against the banks after its failed takeover last year by private equity-backed Hexion. The trial had been due to start on Thursday in Conroe, Texas but was delayed due to some pretrial motions and as jury selection continued, a Huntsman spokesman confirmed.
LONDON (Reuters) – Candover Investments (CDI.L), the listed private equity vehicle, said on Thursday one of its funds was in exclusive talks about selling its equity stake in energy research and consulting firm Wood Mackenzie. Earlier this week a person familiar with the matter said private equity firm Charterhouse Capital Partners [CHCAP.UL] was in exclusive […]
SAN FRANCISCO (Reuters) – Palm Inc named Jon Rubinstein its CEO on Wednesday, hoping the former Apple executive will usher in a new era for a company seeking to revive its fortunes with a fresh smartphone launched last weekend. Rubinstein, who was brought in as Palm’s executive chairman when private equity firm Elevation Partners bought […]
P&F Industries Inc. (Nasdaq:PFIN) has acquired substantially all of the assets of Coffman Stairs LLC, a Marion, Va.-based maker of wood and iron stair parts. The deal includes $4.5 million in cash, a $4 million note and the assumption of certain liabilities. The seller is Visador, a portfolio company of American Capital and Carousel Capital.