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Private Equity and Hedge Funds

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  • *Sanofi mulls fate of 200 older drugs including Plavix. *Sanofi also held talks with TPG and Warburg Pincus. PARIS, July 16- Sanofi has held talks with Abbott Laboratories, Mylan and private equity firms over the possible sale of a 6.3 billion euro portfolio of mature drugs, according to an internal document seen by Reuters.

  • PARIS, July 16- Sanofi has held talks with Abbott Laboratories, Mylan and private equity firms over the possible sale of a 6.3 billion euro portfolio of mature drugs, according to an internal document seen by Reuters.

  • HONG KONG/ BEIJING, July 16- When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from Ma, the influential executive chairman of Alibaba Group Holding, China's e-commerce giant.

  • NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.

  • Viking preps $2 billion illiquid investments fund Tuesday, 15 Jul 2014 | 4:47 PM ET
    Andreas Halvorsen, chief executive officer of Viking Global Investors LP.

    Viking Global Investors, the $28.8 billion firm led by Andreas Halvorsen, is preparing the launch of a new fund to focus on illiquid investments.

  • *Brent crude down 2 pct to April low as Libya supply rises. "This fits in well with our theory that commodity markets peaked out in 2011, and they are all unraveling- crude is following what has happened in gold, copper and more recently the grains," said Anuraag Shah, portfolio manager at Tusker Capital, a hedge fund in Marina Del Rey, California.

  • Paulson nets huge windfall from Kodiak deal Tuesday, 15 Jul 2014 | 1:25 PM ET
    John Paulson

    John Paulson correctly anticipated merger activity in the energy sector, making him one of the big winners of Whiting's purchase of Kodiak.

  • July 15- Hewlett-Packard Co said interim Chairman Ralph Whitworth resigned from its board of directors, effective Wednesday, to focus on his health. Relational Investors said co-founder Whitworth was taking a leave of absence from the hedge fund and it wished "his family all the best at this difficult time."

  • July 15- Hewlett-Packard Co said its interim Chairman Ralph Whitworth resigned from the board of directors, effective July 16, to focus on his health. Whitworth, who runs activist hedge fund Relational Investors LLC, joined HP's board in 2011. He was appointed HP's interim chairman last year.

  • July 14- Carbon black producer Orion Engineered Carbons S.A., backed by private equity firms Triton Capital and Rhone Group, filed for a U.S. Triton Capital and Rhone Group each own 41.83 percent of the company through Kinove Holdings, the filing said.

  • Carbon black producer Orion files for U.S. IPO Monday, 14 Jul 2014 | 5:57 PM ET

    July 14- Carbon black producer Orion Engineered Carbons S.A. filed for a U.S. Private equity investors Triton Capital and Rhone Group each own 41.83 percent of the company through Kinove Holdings, the filing said.

  • KKR buys into money-minting energy hedge fund Monday, 14 Jul 2014 | 11:46 AM ET
    Henry Kravis, co-founder of KKR

    Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.

  • Chinese firm buys UK's Pizza Express chain Sunday, 13 Jul 2014 | 10:53 AM ET

    LONDON— Pizza Express, one of Britain's best-known chain restaurants, has been sold to a Chinese private equity firm for about 900 million pounds. Gondola Group, which also owns other British restaurant chains, said it agreed to the sale with Hony Capital on Saturday in the latest example of Chinese investment in European companies.

  • July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.

  • Stocks have room to run, hedge funds bet Friday, 11 Jul 2014 | 12:50 PM ET

    Stocks reaching record highs haven't caused hedge funds to decrease their market exposure. In fact, many are adding to their bullish bets.

  • July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.

  • July 11- Silver Lake Partners LP agreed to pay $29.5 million to settle a lawsuit that accused it and several other large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis, court records showed. The settlement was disclosed in a filing late Thursday in federal court in Boston.

  • July 9- Struggling apparel and accessories retailer American Apparel Inc said on Wednesday it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster its finances.

  • July 9- Struggling apparel and accessories retailer American Apparel Inc said it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster finances.

  • July 9- Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed in a Colorado federal court on Tuesday, said Ergen had engaged in fraud and violated a federal anti-racketeering law.