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Recent strong demand for relatively risky bonds from Puerto Rico, Greece and Spain adds to the case that investors are reaching for yield.
FRANKFURT, April 10- Koch Industries and Goldman Sachs's private equity arm are acquiring the world's leading maker of printing-inks Flint from buyout group CVC, the four companies said in a joint statement on Thursday.
NEW YORK— The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case.
April 10- Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspaper.
Risk parity funds are up this year after losing money in 2013, but investors are getting out of the strategy.
MADRID, April 9- Some of the owners of the world's top olive oil bottler Deoleo are rethinking plans to sell, sources said, after the Spanish government revealed its interest in buying into what it sees as a nationally strategic company. Deoleo said on Wednesday private equity firm CVC had made the highest offer for the company.
The Irving, Texas- based company was publicly traded for more than 30 years before being acquired by private equity firm Blackstone in 2006. Blackstone paid $2.3 billion in cash and also assumed La Quinta's debt, giving that deal a value of about $3.4 billion. The IPO announced Tuesday night raised $651 million and valued the company at about $2.1 billion.
DAKAR, April 9- Small and medium-sized enterprises in Africa are crying out not just for financing but also management and operational expertise to enable them to grow a regional footprint, says private equity firm AFIG Funds.
*Tentative IPO price range at 1,600- 1800 yen vs earlier estimate 2,300 yen. TOKYO, April 9- Japanese railway and property conglomerate Seibu Holdings on Wednesday slashed the price of its initial public offering and said its largest shareholder, U.S. private equity firm Cerberus, would not participate in one of Japan's biggest IPOs this year.
NEWARK, New Jersey— Matzo and kosher wine maker Manischewitz has been sold, just in time for the Passover Seder meal. Sankaty Advisors, an arm of private equity firm Bain Capital, bought the company from a group including investment firm Harbinger. The New York Times reported the sale late Monday night.
Bridgewater has posted modest, positive returns this year as other hedge funds that bet on macroeconomic trends have faltered.
BOSTON, April 8- Hedge fund Coatue Management plans to return as much as 35 percent of its assets to investors this summer after its $7 billion flagship ballooned in size.
TOKYO, April 8- U.S. private equity fund Cerberus could sell a smaller share of Japanese railway and property group Seibu than planned after investors balked at the proposed price tag for its stock market listing, two people with knowledge of the deal said.
NEW YORK— The theater operator Imax said Tuesday that the Chinese investment fund CMC Capital Partners and Chinese private equity firm FountainVest Partners are buying a 20 percent stake in its operations in China for $80 million.
BOSTON, April 7- Hedge fund manager John Paulson's returns dipped in March, hurt in part by losses in the gold market, two people familiar with the numbers told Reuters on Monday. The Paulson Advantage Plus Fund dipped 7.4 percent last month, cutting its year-to-date gains to 2.6 percent.
LONDON, April 7- Private equity firm Cinven made a 1.5 billion euro capital gain on its investment in French cable operator Numericable, but said on Monday the era of such hugely profitable deals for its industry in the cable sector is ending.
April 7- Vocus Inc, a provider of cloud-based marketing and public relations software, said it would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million. Shares of Beltsville, Maryland- based Vocus rose 47 percent to $17.90 on the Nasdaq in early trading on Monday.
The SEC has put together a group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated.
The SEC regularly examines a wide range of financial institutions including brokerages and clearing houses to ensure compliance with federal securities laws. The SEC already has examiners who specialize in funds, but historically the agency has focused on public asset managers such as mutual funds that have been highly regulated since 1940..
April 4- Canadian private equity firm Onex Corp and Canada Pension Plan Investment Board said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.