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Private Equity and Hedge Funds

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  • *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks were set to rise at the open on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/ 2- year low. Shares of pet supply retailer PetSmart rose 4.8 percent in premarket trading after it agreed to be...

  • Riverbed to be taken private in $3.6 bln deal Monday, 15 Dec 2014 | 8:48 AM ET

    RIVERBED TO BE TAKEN PRIVATE IN $3.6 BLN DEAL@. Dec 15- Thoma Bravo LLC and Ontario Teachers' Pension Plan said they would buy network equipment maker Riverbed Technology Inc in a deal that valued the company at about $3.6 billion. Bain Capital, Hellman& Friedman and Thoma Bravo were among the private equity firms vying for Riverbed, Reuters reported last month...

  • Juniper, Elliott Mgmt in board discussions: Report Monday, 15 Dec 2014 | 8:10 AM ET
    Attendees visit the Juniper Networks Inc. pavilion on the opening day of the Mobile World Congress in Barcelona, Spain, on Monday, Feb. 24, 2014.

    Juniper Networks is in talks with Elliott Management about adding a number of new directors to its board, The Wall Street Journal reported.

  • US STOCKS-Futures jump early as crude prices rebound Monday, 15 Dec 2014 | 7:39 AM ET

    *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stock index futures rose on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on a rebound in crude oil prices which earlier hit a fresh 5-1/ 2- year low. *Shares of pet supply retailer PetSmart rose 4.2 percent in premarket trading after it agreed to...

  • Oil drop = instability: Top fund manager Monday, 15 Dec 2014 | 7:00 AM ET
    Michael Hintze

    Top hedge fund manager Sir Michael Hintze is worried about what the continued low price of oil could mean for the global economy.

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • LONDON, Dec 15- Investors are optimistic about private equity, but reconsidering their allocations to hedge funds, a survey showed on Monday. The Global Private Equity Barometer by Coller Capital showed that almost two-fifths of investors, or Limited Partners as they are known, are planning to increase allocations targets to private equity over the next year.

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • BC Partners lands PetSmart in $8.7 bln buyout Sunday, 14 Dec 2014 | 5:03 PM ET

    PetSmart agreed to sell itself to a private equity consortium for $8.7 billion, in the largest leveraged buyout of the year.

  • BC Partners to acquire PetSmart for $8.7 billion Sunday, 14 Dec 2014 | 4:31 PM ET

    Dec 14- Pet supply retailer PetSmart Inc said on Sunday it had agreed to sell itself to a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as co-investors that include La Caisse de dépôt et placement du Québec and StepStone, have signed an agreement to buy the company...

  • Stora Enso sells German paper mill to Perusa Partners Saturday, 13 Dec 2014 | 9:35 AM ET

    STOCKHOLM, Dec 13- Finnish paper manufacturer Stora Enso said on Saturday it was selling a loss-making speciality fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2 for about 7 million euros. Stora Enso will record a loss of 30 million euros, which will show as a non-recurring item in the 2014 fourth-quarter...

  • LONDON, Dec 12- The acrimonious divorce of Britain's most generous philanthropists, hedge fund billionaire Christopher Hohn and his estranged wife Jamie Cooper-Hohn, could lead to a split of one of the largest private charities in the world. "I am aware... that there have been discussions about the possibility of diverting funds from the UK Foundation into the U.S....

  • Hedge funds fail, but not as fast as feared Friday, 12 Dec 2014 | 12:37 PM ET
    Closed sign

    Hedge funds are continuing to shut down, but the pace of failures isn't quite as bad as feared.

  • Irish plane leasing firm Avolon's IPO priced at $20/shr Thursday, 11 Dec 2014 | 6:19 PM ET

    Dec 11- The initial public offering of Ireland's Avolon Holdings $20 per share, an underwriter said, valuing at $1.6 billion the world's ninth-largest aircraft leasing firm by assets. Selling stockholders, including private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners and the Singapore government, are selling all the shares,...

  • BOSTON, Dec 11- Fewer hedge funds opened in the third quarter of 2014 than in any other quarter in a year, according to data released on Thursday by industry research firm Hedge Fund Research. Assets managed by the industry reached a record $2.82 trillion at the end of third quarter, HFR said. Earlier this year, Herb Wagner launched Finepoint Capital after leaving...

  • Schwarzman: Energy a 'wonderful' opportunity Thursday, 11 Dec 2014 | 3:56 PM ET
    Stephen Schwarzman

    The head of private equity giant Blackstone spoke at the DealBook Conference in New York Thursday.

  • Paul Singer: The 'unfair' recovery is Fed's fault Thursday, 11 Dec 2014 | 1:59 PM ET
    Founder and President, Elliot Management Corporation Paul Singer speaks onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City.

    Hedge fund manager Paul Singer spoke at the DealBook Conference in New York Thursday.

  • Dalio: It’s a good environment, but... Thursday, 11 Dec 2014 | 12:25 PM ET
    Chairman and Co-CIO, Bridgewater Associates Ray Dalio speaks onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City.

    Bridgewater's Ray Dalio thinks the economy is good for now, but there could be trouble ahead.

  • New York advisory firm charged with defrauding investors Wednesday, 10 Dec 2014 | 4:54 PM ET

    Dec 10- U.S. federal regulators charged a New York- based investment advisory firm and two co-owners with misleading clients into investing in a risky hedge fund. The Securities and Exchange Commission accused that Timothy Dembski and Walter Grenda of Reliance Financial Advisors misled clients who were retired or nearing retirement and living on fixed...

  • NEW YORK, Dec 10- A U.S. appeals court dealt federal prosecutors a blow in their crackdown on insider trading on Wall Street on Wednesday, overturning the convictions of two former hedge fund managers charged with making illegal trades in technology stocks. The 2nd U.S. Circuit Court of Appeals in New York said prosecutors presented insufficient evidence to...