Investor group offers to buy Qihoo 360

Hongyi Zhou, the Chairman and CEO of Qihoo 360 Technology Co. Ltd., is leading an investor group to buy the mobile antivirus software maker, according to a June 17 non-binding proposal letter sent to the company’s board. The consortium, which includes Citic Securities Co. Ltd., Golden Brick Capital Private Equity Fund I L.P., China Renaissance Holdings Ltd. and Sequoia Capital China I LP, has offered to buy Quihoo for $77.00 per ADS, the letter said. Qihoo’s board has formed a special committee to consider the bid. Beijing-based Qihoo 360 is a leading Internet company in China.

Warburg Pincus Prices Webster Offering

Webster Financial Corporation has announced the pricing of the underwritten secondary offering by Warburg Pincus Private Equity X, L.P. and one of its affiliates of 8,744,850 shares of Webster common stock. All of the shares are being sold by Warburg Pincus and the firm will receive all of the net proceeds from the offering.

Riverstone Increases Commitment to Deepwater Gulf of Mexico Venture

Riverstone Global Energy and Power Fund V, L.P., an energy-focused private equity fund managed by Riverstone Holdings, will make a strategic investment alongside Ridgewood Energy Corporation, a private upstream oil and gas investment company, in a series of deepwater exploration projects located in the Gulf of Mexico. The Ridgewood management team will manage the investments on behalf of the venture. Combined with a similar commitment by an affiliate of Riverstone/Carlyle Global Energy and Power Fund IV, L.P. in 2010, this brings the total Riverstone sponsored fund commitment to the venture to over $550 million.

CS Strategic Partners Closes $2.9B Fund

CS Strategic Partners, the secondary private equity arm of Credit Suisse, has closed its newest fund – CS Strategic Partners V, L.P. – with $2.9 billion. The fund includes more than $87 million committed by Credit Suisse and the strategic partner investment team, the firm said Wednesday. -cn PRESS RELEASE CS Strategic Partners, the exclusive […]

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget