SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-... More »
DOHA (Reuters) – The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments, its CEO said on Monday. In the United States, the fund is focusing on “classi... More »
TOKYO (Reuters) – The head of the state-backed $18 billion Japan Investment Corp (JIC), Masaaki Tanaka, said on Monday he and eight other board members would resign citing distrust of the trade ministry after a dispute over their pay. The resignations throw in... More »
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor. Telco uni... More »
HONG KONG (Reuters) – Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said... More »
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial ... More »
DUBAI (Reuters) – Middle East ride-hailing company Careem said on Monday it had launched a bus-booking service in Egypt and would soon expand it into Saudi Arabia and Pakistan. Users of the ‘Careem Bus’ app select their pick-up and drop-off location and track ... More »
PARIS (Reuters) – French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters. The discre... More »
(Reuters) – Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. Both companies are backed by Japan’s SoftBank Group Corp (9984.T). The investme... More »
HONG KONG (Reuters) – Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters. The fundrais... More »
BOSTON (Reuters) – A former Morgan Stanley adviser was sentenced to five years in prison on Tuesday after he admitted that he misused client funds to invest in a wind farm project and to cover his own personal expenses, including college tuition for his childr... More »
MILAN (Reuters) – Fiat Chrysler’s (FCHA.MI) European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars. Jeep division head Manley was named on Sat... More »
ATHENS (Reuters) – Luxury jewellery maker Folli Follie (HDFr.AT), whose finances are being investigated by Greek authorities, has obtained a temporary court injunction to protect its assets, it said on Monday. Folli said the injunction, granted by an Athens co... More »
BRUSSELS (Reuters) – U.S. private equity firm Blackstone Group (BX.N) has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk unit, the European Commission said on Monday. The EU enforcer said it did not se... More »
TEL AVIV (Reuters) – Talks for U.S. software company Verint Systems to merge its security division with Israeli cyber surveillance firm NSO Group for about $1 billion have ended without a deal being reached, a source close to the negotiations said on Monday. T... More »
TEL AVIV (Reuters) – Online payment company PayU, a subsidiary of Naspers (NPNJn.J), said on Monday it agreed to acquire Israeli payment technology provider Zooz to support its expansion in high-growth markets. PayU’s statement, which confirmed an earlier repo... More »
(Reuters) – Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund’s campaign to seek change at the company and a possible merger approach. Detour said it had asked the... More »
NEW YORK (Reuters) – A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private equity investors in the United States warne... More »
TOKYO (Reuters) – SoftBank Group (9984.T) is increasing its stake in Yahoo Japan (4689.T) through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, wi... More »
(Reuters) – Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O). Uber will work with Lime as a strategic partner in the electric scooter space wi... More »
LONDON (Reuters) – Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco show... More »
DETROIT (Reuters) – U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related servi... More »
NEW YORK (Reuters) – U.S. fund investors peeled out of stocks, pulling the most cash since February in the most recent week as global trade tensions vexed markets, Investment Company Institute data showed on Thursday. Investors snatched $18 billion from U.S.-b... More »
LONDON (Reuters) – Atomico, which runs Europe’s largest independent venture fund, has hired former managers from Google and Uber to help drive international expansion for its portfolio of more than 50 start-ups and growth stage firms, it said on Thursday. Jamb... More »
LONDON (Reuters) – Two of Europe’s leading macro hedge fund investors are backing a machine learning data analytics firm that aims to give traders an edge in picking winning bets across stocks and indexes. Alan Howard, founder of Brevan Howard, and Jens-Peter ... More »
FRANKFURT/LONDON (Reuters) – Several bidders, including Liberty Global, are preparing offers for TV production company Endemol Shine, maker of classic reality show ‘Big Brother’ and the dystopian ‘Black Mirror’ dramas, before an initial deadline next week. ITV... More »
(Reuters) – London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a 100 billion Chinese yuan ($15.11 billion) fund to invest in technology companies, the three companies said on Sunday. The fund w... More »
(This story corrects reference to Wester as “founder” in fourth paragraph in June 29 story.) By Helena Soderpalm and Eric Auchard STOCKHOLM/LONDON (Reuters) – Tencent-backed strategy and simulation games publisher Paradox Interactive expects more acquisitions ... More »
BOSTON (Reuters) – Och-Ziff Capital Management Group LLC is putting a new generation into top leadership positions roughly five months after bringing in an outsider as chief executive to end a battle for control of the investment firm. The New York-based firm ... More »
BOSTON (Reuters) – Billionaire investor John Paulson’s top real estate executives are launching their own investment firm with $1 billion and the hedge fund manager’s blessing, sources familiar with the matter said. Michael Barr, a portfolio manager who headed... More »
LONDON (Reuters) – European shares made a modest bounce on Tuesday, recovering slightly after trade tensions sent stock markets into a spiral as investors shed risky assets. The pan-European STOXX 600 was up 0.3 percent by 0837 GMT, but was far from making up ... More »
LONDON (Reuters) – A venture capital fund dedicated to finding new ways to prevent and treat dementia has raised $350 million, far exceeding the initial target of $200 million set on its launch in 2015. The global Dementia Discovery Fund (DDF), an initiative o... More »
(Reuters) – SkyBridge Capital II LLC said on Monday it was suing Premium Point Investments LP, claiming it lost nearly $80 million because the investment service inflated the value of its hedge fund assets. SkyBridge, a hedge fund investment firm founded by U.... More »
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans. These stockp... More »
TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. The world’s No. 2 maker of NAND chips is expe... More »
NEW YORK (Reuters) – Alternative asset manager Blackstone Group LP (BX.N) is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said on Wednesday. “Sure. It’s a function of pric... More »
BRUSSELS (Reuters) – France and Germany are pushing for an EU-wide initiative to fund innovation and research in tech start-up projects across the bloc so that Europe can compete more effectively against the likes of China and the United States. Europe has lon... More »
(This May 25 story corrects first name of Capital Markets Authority CEO to Paul, not Peter, paragraph 29) By Maggie Fick and Omar Mohammed NAIROBI (Reuters) – Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile m... More »
WASHINGTON (Reuters) – A Russian oligarch with links to the Kremlin met Donald Trump’s lawyer Michael Cohen at the Trump Tower in New York City less than two weeks before Trump’s inauguration as president, a source familiar with the meeting said on Friday. Dur... More »
BOSTON (Reuters) – Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp (EGN.N), according to a regulatory filing made on Monday. Icahn, 82, reunited with Meister, his 45-year ... More »
SAO PAULO (Reuters) – Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc and its subsidiaries have made nearly a dozen major acquisit... More »
MELBOURNE (Reuters) – Harbour Energy said on Monday its latest takeover proposal of $10.8 billion for Australian gas producer Santos Ltd (STO.AX) was its “best and final” offer. “Harbour’s 21 May 2018 proposal is ‘best and final’ and will not be further increa... More »
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc (TSLA.O) directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board. ISS ... More »
(Reuters) – U.S. hospital operator HCA Healthcare Inc (HCA.N) and private equity firm KKR & Co (KKR.N) have joined forces to make an offer for U.S. physician services provider Envision Healthcare Corp (EVHC.N), people familiar with the matter said on Friday. T... More »
BOSTON (Reuters) – Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company’s moves to strengthen personal data protection and online safety after scandals involving the improper sharing of u... More »
JAKARTA (Reuters) – In a warehouse on the outskirts of Indonesia’s capital, supervisors at e-commerce company Lazada use bikes or electric scooters to zip around a floor the size of four soccer fields, where up to 3,000 staff pack and dispatch goods around the... More »
TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale of its memory chip unit. Net profit for the struggling conglomerate is likely to grow to 1.07 trillion ... More »
(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year. Buffett’s increased stake, which was confi... More »
(Reuters) – Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first three months of the year, CEO Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker. Buffett’s Apple commitment over the past two... More »
WASHINGTON (Reuters) – Music mogul and businessman Jay-Z must explain details of the sale of his clothing line to determine whether it violated federal securities laws, the U.S. Securities and Exchange Commission (SEC) said on Thursday. The SEC said it wants t... More »
BEVERLY HILLS, Calif. (Reuters) – The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place. At the Beverly Hills, California, event featuring la... More »
JERUSALEM (Reuters) – Tyson Foods (TSN.N), the largest U.S. meat processor, has invested in an Israeli biotech company developing a way to grow affordable meat in a laboratory that takes live animals out of the equation. Future Meat Technologies focuses on pro... More »
(Reuters) – Private equity firm Lantern Capital is the winning bidder for substantially all the assets of the Weinstein Company, the TV and film studio that filed for bankruptcy after co-founder Harvey Weinstein was accused of sexual assault, the Weinstein Com... More »
LONDON (Reuters) – Mark Read, tasked with running WPP (WPP.L) after the sudden exit of founder Martin Sorrell, said he would look at restructuring the world’s biggest advertising group but ruled out a break up. Digital boss Read, appointed joint chief operatin... More »
(Reuters) – China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech firms ... More »
(Reuters) – SoftBank Group Corp (9984.T) CEO Masayoshi Son has made a name for himself as the ultimate dealmaker, raising almost $100 billion for investments with his Vision Fund. Yet after four years of haggling, he has scored his biggest deal by simply letti... More »
BOSTON (Reuters) – A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, citing high pay for top executives as Caesars’ operating unit emerged from bankrupt... More »
LONDON (Reuters) – Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors. The asset management ... More »
(Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc (TPCA.PK) in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Mond... More »
HONG KONG (Reuters) – Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China’s Ant Financial Services Group [ANTFIN.UL] expected to be worth at least $8 billion, people with knowledge of the matter said. The New York-based private eq... More »
(Reuters) – No. 2 U.S. nursing home chain HCR ManorCare Inc won court approval on Friday for a plan to exit a $7.1 billion Chapter 11 bankruptcy by transferring ownership to its landlord, Quality Care Properties Inc (QCP.N). U.S. Bankruptcy Judge Kevin Gross i... More »
LONDON (Reuters) – The London Stock Exchange (LSE.L) named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday, with an initial challenge of helping the 300-year-old institution to navigate Brexit. Analysts expressed relief that the LSE... More »
FRANKFURT/NEW YORK (Reuters) – Generic drug maker Mylan (MYL.O) is in advanced discussions to acquire Merck KGaA’s (MRCG.DE) consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter sa... More »
PARIS (Reuters) – Private equity firm Permira PERM.UL said on Friday it had agreed to buy a majority stake in Exclusive Group, in a deal that secures substantial funding for the future development of the French cyber security group. A source close to the matte... More »
BOSTON (Reuters) – Activist investor Barington Capital Group LP has launched a fight for two board seats at machine industry company Xerium Technologies Inc., according to a regulatory filing made on Thursday. The New York-based hedge fund, which owns 5.05 per... More »
(Reuters) – Payments technology company Verifone Systems Inc on Monday agreed to be taken private by an investor group led by Francisco Partners for $2.58 billion in cash. Shares of the company, which makes point-of-sale payment devices, surged 52 percent in e... More »
ISTANBUL (Reuters) – Singapore’s Temasek and Britain’s Metric Capital have bought into Nusr-Et steakhouse owner D.ream in a deal valuing the Turkish firm at $1.2 billion. Nusr-Et was made famous by butcher-turned-social media star Nusret Gokce, who went viral ... More »
FILE PHOTO: U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque/File ... More »
FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraa... More »
The U.S. Treasury said on Thursday it will close an unintended loophole created by the Republican tax overhaul that let some Wall Street financial managers dodge new limits on "carried interest" by operating as businesses known as S-corporations. More »
FILE PHOTO: A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta SINGAPORE (Reuters) – Indonesia’s Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors includ... More »
A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta JAKARTA (Reuters) – Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’... More »
NEW YORK/LONDON (Reuters) – Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an inve... More »
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and t... More »
FILE PHOTO – A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. REUTERS/Nacho Doce SAO PAULO (Reuters) – Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a maj... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp is considering an IPO of its prized memory chip business if an agreed ... More »
FILE PHOTO: The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in front of the Philadelphia skyline March 24, 2014. REUTERS/David M. Parrott/File Photo (Reuters) – Philadelphia Energy Solutions LLC, the owner of the lar... More »
FILE PHOTO: The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville /File Photo (Reuters) – U.S. hedge fund Tiger Global Management has investe... More »
Tom Hill (L), Chairman of Blackstone Alternative Asset Management, and John McCormick, President and CEO of Blackstone Alternative Asset Management, pose for a portrait in New York, U.S., January 18, 2018. REUTERS/Lucas Jackson BOSTON (Reuters) – After nearly ... More »
FILE PHOTO: Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo NEW YORK (Reuters) – Omeed Malik, a for... More »
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial ... More »
NEW YORK (Reuters) – Investors’ appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and U.S.-based equity exchange-traded funds attracted $10.6 billion, acco... More »
A giant poster advertising of the “The Assassination of Gianni Versace: American Crime Story” tv series is seen in downtown Milan, Italy January 10, 2018. REUTERS/Stefano Rellandini MILAN (Reuters) – When a long-awaited U.S. television series about the murder ... More »
Co-Founders of VICE Shane Smith (L) and Suroosh Alvi (R) pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, U.S., May 16, 2016. REUTERS/Mike Segar (Reuters) – Vice Media co-founders issued an apology on Saturday, saying the Millennial... More »
SAN FRANCISCO (Reuters) – U.S. semiconductor testing company Xcerra Corp said on Thursday in a filing that it would resubmit its deal to be acquired by a Chinese state-backed semiconductor investment fund to give U.S. regulators more time to review the transac... More »
(Reuters) – Canada Pension Plan Investment Board (CPPIB) and Brazil’s Votorantim Group’s energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in northeastern Brazil, they said. The wind parks will have a combined ... More »
COPENHAGEN/LONDON (Reuters) – Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms. “Primestone Capital owns more than 5 pe... More »
ABU DHABI (Reuters) – Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp (6502.T) and Western Digital Corp (WDC.O) have agreed in principle to ... More »
(Reuters) – Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to people familiar with the matter. Elliott disclosed a 7 percent ... More »
The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay SAN FRANCISCO (Reuters) – Uber Technologies Inc’s former chief executive and some board members knew of a letter alleging employees had stolen trade secrets,... More »
BOSTON (Reuters) – Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance. Chriss, whose firm is made up of teams that trade different strategies, wrote to clients that ... More »
FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo SAN FRANCISCO (Reuters) – The judge overseeing a lawsuit between Uber Technologies Inc [UBER.UL] and Alphabet Inc’s (GOOGL.O) Waymo se... More »
(Reuters) – Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. (bit.ly/2BhebbU) The additional funding round, led by Alphabet Inc’s CapitalG, is an e... More »
FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares w... More »
FILE PHOTO: Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small Business Administration at the White House in Washington April 7, 2014. REUTERS/Kevin Lamarque (Reuters) – Maria Contreras-Sweet, the former he... More »
Barnes & Noble Inc (BKS.N) said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely. More »
Restaurant chain Buffalo Wild Wings Inc (BWLD.O) has received a takeover bid valued at more than $2.3 billion from private equity firm Roark Capital Group, the Wall Street Journal reported on Monday, citing people familiar with the matter. More »
The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality sectors, according to marketing materials seen by Reuters on Thursday. More »
Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising bonanza, five people with knowledge of the matter said. More »
