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Private Equity and Hedge Funds

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  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...

  • June 19- U.S. stock index futures were slightly higher on Friday, a day after the Nasdaq Composite index broke its last standing milestone from the dot-com era as it set a record intraday high. *San Francisco Fed president John Williams is due to speak before the National Bureau of Economic Research East Asian Seminar on Economics in San Francisco, while Cleveland...

  • June 18- Activist hedge fund Jana Partners LLC took a stake in ConAgra Foods Inc and said it was prepared to nominate directors to the company's board to help address "persistent underperformance" since the acquisition of RalCorp in 2013.. Jana Partners, whose 7.2 percent stake makes it the second-largest shareholder in the Slim Jim Beef Jerky maker, said the...

  • Deputy US attorney Zabel leaves for hedge fund Thursday, 18 Jun 2015 | 5:49 PM ET
    New York County District Attorney Cyrus R. Vance Jr., left, and Deputy District Attorney for the Southern District of New York Richard B. Zabel testify at a hearing in New York, Jan. 29, 2014.

    Richard Zabel, deputy U.S. attorney in Manhattan under Preet Bharara, is leaving for Elliott Management, one of Wall Street's biggest hedge funds.

  • Jana Partners picks up 7 pct stake in ConAgra Thursday, 18 Jun 2015 | 5:26 PM ET

    June 18- Activist hedge fund Jana Partners LLC on Thursday disclosed a 7.2 percent stake in ConAgra Foods Inc, saying the Slim Jim Beef Jerky maker's shares were "undervalued." ConAgra's shares rose 6 pct in extended trading. ConAgra, which has been struggling to boost sales at its private label business, said in a statement that the company was open to discussions...

  • NEW YORK, June 18- Richard Zabel, the top deputy to Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo seen by Reuters on Thursday. Attorney in Manhattan since 2011, helping to oversee a broad-based crackdown on insider trading,...

  • NEW YORK, June 18- Richard Zabel, the top deputy for Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo reviewed by Reuters on Thursday. A graduate of Princeton University and Harvard Law School, Zabel previously spent eight years as a...

  • June 18- Internet search giant Google Inc and private equity fund Permira are in talks to make a joint bid for British retailer Tesco Plc's customer data business, a source familiar with the matter said. Tesco appointed Goldman Sachs to explore strategic options for Dunnhumby after announcing a plan to slash costs and sell assets in January.

  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...

  • UPDATE 1-TPG to partner with Satya Capital in Africa Thursday, 18 Jun 2015 | 5:21 AM ET

    June 18- U.S. private equity firm TPG on Thursday agreed for a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, to invest in African companies looking to expand in Africa and globally. TPG will invest up to $1 billion in Africa via a partnership with Satya, a person familiar with the matter told Reuters on Wednesday. Satya's founding Chairman Mo...

  • June 17- U.S. private equity firm TPG will invest up to $1 billion in Africa through a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, a person familiar with the matter told Reuters on Wednesday. William McGlashan, managing partner of TPG Growth, said Africa is the last major market in which his company has not yet invested, in an interview to the...

  • Buyout firm TPG says former spokesman has dropped lawsuit Wednesday, 17 Jun 2015 | 3:14 PM ET

    June 17- TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm. In his lawsuit in April, Levine stated he had contacted the SEC about his concerns. An SEC spokeswoman declined to comment on...

  • WILMINGTON, Del, June 16- Bondholders of gun maker Colt ripped into the bankrupt company's private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment. A bondholder attorney told Judge Laurie Silverstein in Wilmington, Delaware, that Sciens was to blame for Colt's inability to compete.

  • Hedge fund spends big for these stock ideas Tuesday, 16 Jun 2015 | 4:34 PM ET
    Philippe Laffont, founder and chief investment officer of Coatue Management LLC.

    Some $70 million in research by Coatue Management this year has so far yielded three themes for investing in technology.

  • June 16- Blackstone Group LP and Carlyle Group LP are making a joint bid for NCR Corp in a leveraged buyout worth more than $10 billion, including debt, making it this year's biggest, according to people familiar with the matter. Blackstone and Carlyle, the world's two largest private equity firms, have joined forces to outbid other buyout firms and acquire Duluth,...

  • *Varo Energy seeking to expand its northern Europe turf. LONDON, June 16- A fast-growing European oil venture between the world's top energy trader Vitol and private equity firm Carlyle Group is attempting to cash in where the industry's biggest companies have struggled for years. The merged company controls businesses from oil production to refineries to...

  • Big money not preparing for big exit by Greece Tuesday, 16 Jun 2015 | 12:05 PM ET
    A Greek and European Union flag

    Hedge funds and other investment managers are taking down market risk, according to a new survey, but remain fundamentally optimistic.

  • Gun maker Colt up for auction. Opening bid: $0 Monday, 15 Jun 2015 | 8:03 PM ET

    Gun maker Colt filed for bankruptcy protection and has put itself up for auction with an unusual opening bid: Zero dollars.

  • An affiliate of private equity firm Sciens Capital Management has proposed buying Colt Defense by assuming obligations including up to $105 million in outstanding loans and as much as $20 million in new loans, court documents filed on Monday show. That is pretty much what bondholders proposed in May, according to the filings in the U.S. Bankruptcy Court in...

  • Wall Street casts its vote early—for Jeb Bush Monday, 15 Jun 2015 | 5:12 PM ET
    Jeb Bush

    Jeb Bush formally launched his presidential bid in Miami Monday, but his campaign has already attracted a deep roster of Wall Street donors.