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Private Equity and Hedge Funds

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  • July 7- U.S. agricultural commodities group Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros in cash and will assume about 136 million euros of net debt. Hans-Peter Wild, son of founder Rudolf Wild, owns 65 percent of the company, while private equity firm KKR owns 35 percent.

  • NEW YORK, July 6- American Apparel Inc is in talks with Standard General, the New York- based hedge fund that controls 43 percent of the company's stock, to secure funding that would let the retailer pay off a $10 million loan and replace its board except for two co-chairmen, the Wall Street Journal reported on Sunday.

  • *PetSmart rallies as hedge fund seek sale. NEW YORK, July 3- Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.

  • Strong gains in its top holdings, including Canadian Pacific, Air Products& Chemicals and Burger King Worldwide helped fuel the rise. Ackman has spent much of June trying to convince pharmaceutical company Allergan, in which he is the biggest investor, to sell itself to rival Valeant Pharmaceuticals, with which he is working to negotiate a deal.

  • *PetSmart shares rise as much as 15 pct. July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet product retailer. Jana Partners reported a 9.9 percent stake in PetSmart, making it the company's largest shareholder.

  • European shares lifted by ECB and strong U.S. data Thursday, 3 Jul 2014 | 10:20 AM ET

    LONDON, July 3- European shares rose on Thursday back to within sight of multi-year highs, as a jump in U.S. employment growth and further signs of support from the European Central Bank lifted equities.

  • July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet product retailer's shares up 15 percent. Jana Partners reported a 9.9 percent stake in PetSmart in a regulatory filing, making it the company's largest shareholder.

  • July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet products retailer's shares up 13 percent in premarket trading.

  • Lululemon founder talks possible buyout: Report Thursday, 3 Jul 2014 | 7:11 AM ET
    A woman wearing Lululemon Athletica clothing leads a yoga class in Miami Beach, Florida

    The Lululemon founder's advisers have been talking to private-equity firms to find out if they are interested in buying the yoga gear maker, the WSJ reported.

  • Ex-American Apparel CEO gives stake to hedge fund Thursday, 3 Jul 2014 | 6:40 AM ET
    Dov Charney

    Ousted American Apparel CEO Dov Charney has handed over his entire stake and voting rights to hedge fund Standard General.

  • Earlier Standard General had loaned its American Apparel shares to Charney, according to regulatory documents, allowing him to boost his stake in the company from about 27 percent to 43 percent. Charney had hoped to gain majority control, but American Apparel countered with an anti-takeover plan that prompted him to change his strategy.

  • Cutting the mustard: Ex-Heinz CEO off to PE shop Wednesday, 2 Jul 2014 | 3:37 PM ET
    William Johnson in February, 2013.

    William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.

  • UPDATE 1-Rackspace may take itself private - TechCrunch Wednesday, 2 Jul 2014 | 8:42 AM ET

    July 2- Cloud service provider Rackspace Hosting Inc is considering taking itself private and is in talks with a private equity firm to fund the deal, technology blog TechCrunch reported on Wednesday, citing a source.

  • Rackspace may take itself private - TechCrunch Wednesday, 2 Jul 2014 | 6:17 AM ET

    July 2- Cloud service provider Rackspace Hosting Inc may take itself private and is in talks with a private equity firm to fund the deal, technology blog TechCrunch reported on Wednesday, citing a source.

  • SAO PAULO, July 2- Mergers and acquisitions in Brazil are expected to gain steam by the year-end as economic and political risks ease, helping companies and private-equity firms scouring for takeover targets focus on tapping the country's long-term potential.

  • Ex-CalPERS head to plead guilty Tuesday, 1 Jul 2014 | 1:39 PM ET
    Signage stands outside the offices of the California Public Employees' Retirement System (Calpers) in Sacramento, California.

    The former head of the largest public pension system is set to plead guilty for illegally steering private equity placement fees to a friend.

  • July 1- Buyout firm Berkshire Partners LLC is in advanced talks to acquire Portillo's Restaurant Group, the largest privately owned restaurant chain in the U.S. Berkshire Partners has outbid other private equity firms for the Chicago- based restaurant group, the sources said on Tuesday.

  • July 1- Private-equity firms KKR& Co LP and TPG Capital are among the groups looking to buy a majority stake in food retailer Kuwait Food Co SAK, better known as Americana, Bloomberg reported, citing people familiar with the matter. The other potential bidders include CVC Capital Partners Ltd and Advent International Corp, Bloomberg said.

  • Bond holder slams Argentina's 'broken promise' Monday, 30 Jun 2014 | 12:21 PM ET
    Axel Kicillof, right,  Argentina's minister of economy, speaks at the United Nations  with Hector Timerman, Argentina's minister of foreign relations, in New York June 25, 2014.

    Argentina hasn't been serious about its professed willingness to negotiate over its debt, according to Elliott Management.

  • Private equity struggles to make Spanish bull case Monday, 30 Jun 2014 | 7:58 AM ET

    *Leveraged buyouts in Spain last year half of 2007 level. LONDON, June 30- In Spain, an uncertain economic outlook and high levels of company debt mean a trickle of private equity deals are unlikely to turn into a flood just yet. "The current hype is huge- everyone wants to get a deal," said Alex Wagenberg, managing director of Carlyle Europe Partners in Spain.