GO
Loading...

Private Equity and Hedge Funds

More

  • April 16- Shares of Party City Holdco Inc, backed by buyout firm Thomas H. Lee Partners LP, jumped as much as 22.6 percent in their debut on Thursday as initial public offerings of private-equity backed companies as continued to draw investors. Thomas H. Lee bought a majority stake in Party City, the largest U.S. party goods retailer, for $2.69 billion from private...

  • *Deal could be worth up to 1.2 bln euros- sources. FRANKFURT, April 16- German women's fashion group CBR, known for its Street One and Cecil brands, has been earmarked for sale by its private equity owner EQT this year in a potential 1.2 billion euro deal, two people familiar with the matter said. Fashion retail groups such as H&M, Inditex, Next, Marks and Spencer, Fast...

  • NEW YORK— The Blackstone Group L.P. reported a surge in first-quarter profit on increased asset activity, prompting it to announce it would pay shareholders its highest quarterly dividend ever. The private equity firm earned $629.5 million, or $1.05 per share, up from $265.6 million, or 40 cents per share, a year ago. The company's first-quarter economic net...

  • April 16- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units brought in record cash. For the second quarter in a row, private equity overtook real estate as Blackstone's biggest earnings driver,...

  • Blackstone's first quarter earnings soar on asset sales Thursday, 16 Apr 2015 | 7:14 AM ET

    April 16- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units generated record cash. Blackstone said economic net income, a metric of its profitability takes into account the mark-to-market...

  • The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC Capital Partners, has 267 gyms across nine countries including South Africa, home to the largest number of Virgin Active clubs, Thailand and Britain. Brait has proposed to take an 80 percent stake in Virgin Active for 682 million pounds, valuing the gym chain...

  • UPDATE 1-Bernanke to advise hedge fund Citadel - NYT Thursday, 16 Apr 2015 | 3:38 AM ET

    Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday. Bernanke's predecessor, Alan Greenspan, joined hedge fund Paulson& Co as adviser in 2008. Jeremy Stein, a Federal Reserve Board governor for two years, joined hedge...

  • Bernanke to join hedge fund Citadel as adviser - NYT Thursday, 16 Apr 2015 | 1:20 AM ET

    Federal Reserve, will become a senior adviser to hedge fund Citadel Investment Group, the New York Times reported. Bernanke told the New York Times that he was sensitive to the public's anxieties about the "revolving door" between Wall Street and Washington and chose to go to Citadel, in part, because it "is not regulated by the Federal Reserve and I won't be doing...

  • April 15- A consortium of private equity firm TPG Capital LP and Chinese conglomerate Fosun International Ltd is in the final stages of negotiations to acquire Cirque du Soleil, according to people familiar with the matter. The price that TPG and Fosun were negotiating with Laliberté could not be learned, but sources close to the process had previously stated...

  • Hedge funder quits to seek 'more' in life Wednesday, 15 Apr 2015 | 1:38 PM ET
    Forrest Xiao

    Some people complain about the so-called golden handcuffs of working in finance. Forrest Xiao broke free.

  • LONDON/ JAKARTA, April 15- A potential bid by Indonesia's Sinarmas Group and hedge fund Argyle Street Management for London- listed Asia Resource Minerals Plc risks scuppering a long-awaited restructuring backed by ARMS co-founder Nathaniel Rothschild. Shares in coal miner ARMS, formerly known as Bumi, jumped more than 90 percent to as high as 29 pence on...

  • Analytics firm Retail Next raises $125 mln in new funding Wednesday, 15 Apr 2015 | 7:30 AM ET

    CHICAGO, April 15- In-store analytics firm Retail Next has raised $125 million in a fresh funding round from investors led by private equity firm Activant Capital Group, the company said on Wednesday. Other investors including August Capital, Star Vest Partners, Nokia Growth Partners, Qualcomm Ventures and card company American Express also invested in the...

  • HARTFORD, Conn.— The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an...

  • The words of criticism and support came from Ed Garden, who joined BNY Mellon's board in December. Garden is a senior executive at Trian Fund Management LP, the activist hedge fund run by billionaire Nelson Peltz that owns about 2.6 percent of BNY Mellon's stock. Earlier this month, activist hedge fund Marcato Capital Management said BNY Mellon's employee base...

  • Former Massachusetts governor to join Bain Capital Tuesday, 14 Apr 2015 | 9:35 AM ET
    Gov. Deval Patrick

    Former Democratic Massachusetts Governor Deval Patrick is joining the Boston-based private equity firm Bain Capital.

  • BOSTON, April 14- Former Democratic Massachusetts Governor Deval Patrick is joining the Boston- based private equity firm Bain Capital founded by his predecessor, Republican Mitt Romney, the Boston Globe reported on Tuesday. Patrick said last year when he decided not to run for a third term in office that he planned to return to the private sector.

  • Ackman: Herbalife executives are lawyering up Monday, 13 Apr 2015 | 5:50 PM ET
    Bill Ackman

    Bill Ackman said senior execs at Herbalife were hiring their own defense lawyers, a bad sign for the company's future.

  • Trian slams Dupont ahead of key vote Monday, 13 Apr 2015 | 5:09 PM ET
    A file photo of Edward Garden

    The battle between activist investor Trian and DuPont is heating up ahead of a proxy vote for new board members.

  • Trian complains about executive pay at DuPont Monday, 13 Apr 2015 | 3:05 PM ET

    NEW YORK, April 13- Trian Fund Management, fighting for seats on the board at chemicals and agricultural conglomerate giant DuPont, said top company executives were still well paid last year even though the board acknowledged that the operating performance was poor. The hedge fund said in a presentation filed with the Securities and Exchange Commission on...

  • 'Show us $15!' protesters tell hedge fund honchos Monday, 13 Apr 2015 | 2:41 PM ET
    Protestors at the Active-Passive Investor Summit in New York Monday, calling for fair wages for restaurant workers.

    Protesters briefly took over an activist investing conference in New York to call for higher wages for restaurant workers.