Private Equity and Hedge Funds
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TOKYO, June 18- New York- based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.
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NEW YORK/ DETROIT, June 17- Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from many rival auto parts suppliers faltered, according to several people familiar with the matter.
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In an exclusive interview with CNBC, the man at the center of an insider-trading probe, former KPMG auditor Scott London, said he received about $70,000 in kickbacks.
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NEW YORK/ DETROIT, June 17- Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from several rival auto parts suppliers faltered, according to several people familiar with the matter.
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CAMDEN, N.J.-- Campbell Soup Co. said Monday that it will buy Danish snack company Kelsen Group A/S from private-equity firm Maj Invest and several other investors for an undisclosed sum. The deal will help Campbell expand its global snacks business, which includes brands such as Pepperidge Farm in the U.S. and Arnott's biscuits in Australia.
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NEW YORK-- Nielsen Holdings NV has completed the $950 million sale of its expositions business to private equity firm Onex Corp.. Nielsen Holdings agreed to the sale in May. Onex has offices in New York, Toronto and London.
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NEW YORK-- Chemical maker Rockwood Holdings Inc. says that it has agreed to sell CeramTec, its advanced ceramics business, to European private equity firm Cinven for about $1.98 billion in gross proceeds.
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*JPMorgan stock falls, private equity unit to become independent. NEW YORK, June 14- U.S. stocks fell on Friday on low volume to end their third negative week in four on lingering concern over whether the world's central banks will soon start to trim their stimulus programs.
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*JPMorgan's private equity unit to become independent; stock off 1.6 pct. NEW YORK, June 14- U.S. stocks extended their slide on Friday, with the Dow losing more than 100 points as investors booked profits a day after the S&P 500 recorded its second-best session of the year and data showed consumer sentiment cooled off in June.
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*JPMorgan's private equity unit to become independent; stock off 1.6 pct. NEW YORK, June 14- U.S. stocks fell on Friday as investors sold some shares to book profits a day after the S&P 500 recorded its second-best session of the year and disappointing data showed a decline in consumer sentiment.
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June 14- JPMorgan Chase& Co said on Friday its private equity unit will become independent, the latest move by a financial institution to shed risky businesses amid financial reform.
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LONDON, June 13- Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant but still rake in fees from investors, research showed on Thursday.
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MOSCOW, June 13- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia's VTB Capital, has selected banks for a possible initial public offering next year, two sources familiar with the situation said. The banks chosen are JP Morgan Chase& Co, Credit Suisse, UBS, Deutsche Bank and VTB, the sources said.
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HONG KONG, June 12- Providence Equity Partners has lost another top executive in Asia, its fourth senior departure in the region since 2008, as it struggles with a limited supply of suitable investment targets and a shrinking volume of Asian private equity deals.
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HONG KONG, June 12- Providence Equity Partners has lost another top executive in Asia, its fourth senior departure in the region since 2008, as it struggles with a limited supply of suitable investment targets and a shrinking volume of Asian private equity deals.
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HONG KONG, June 12- Efforts to make the global financial system safer could be making Asia more- not less- vulnerable to any credit market shocks, leaving bond traders worried that a sharp selloff since late May could turn into a rout.
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The net-long money held by money managers in 24 commodity markets tracked by the U.S. Commodity and Futures Trading Commission fell by about $680 million to about $67 billion for the week ended June 4. Futures of U.S. crude oil traded on the New York Mercantile Exchange witnessed a net drop of about $504 million in managed money during the week to June 4.
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LONDON, June 7- Major developing countries with big foreign financing needs are acutely vulnerable to the risk of a sudden stop in investment flows which has unnerved emerging markets in recent weeks.
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SAO PAULO, June 7- Brazilian homebuilder Gafisa SA agreed to sell a 70 percent stake of its high-end Alphaville unit to private equity firms Blackstone Real Estate Advisors LP and Patria Investimentos Ltda, Gafisa said on Friday. Under the deal, Blackstone Group LP and Patria agreed to pay 1.4 billion reais in cash for the stake.
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NEW YORK, June 5- A federal judge on Wednesday set a Nov. 4 start for the criminal trial of Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Advisors, on insider trading charges.
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