Private-equity firm Carlyle Group is preparing to launch a U.S. real estate fund and hopes to raise as much as $4 billion, The Wall Street Journal reported.» Read More
NEW YORK, April 25- Private equity firm KKR& Co LP posted a 10.9 percent quarterly decline in earnings on Thursday due to a slower appreciation of its funds and said it will share 40 percent of profits from its own investments with shareholders.
*Q1 aftertax ENI 88 cents/ adjusted unit vs view 82 cents. NEW YORK, April 25- Private equity firm KKR& Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders, sending its shares to an all-time high, and reported quarterly earnings that beat expectations.
HONG KONG, April 22- U.S. private equity firm TPG Capital is putting China's UniTrust Finance& Leasing Corp up for sale, seeking $800 million, and has hired Morgan Stanley and UBS to handle the deal, people with knowledge of the matter told Reuters.
*Sets price range at 54- 62 euros per share. Bertelsmann set a price range of 54 to 62 euros per share for the secondary public offering of up to 23.2 million RTL shares, plus the optional sale of about 2.3 million depending on demand, RTL said ahead of its annual shareholders' meeting on Wednesday.
April 15- Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, the company said on Monday.
*Thermo Fisher to assume Life Tech's net debt of $2.2 billion. *Life Tech shares up 7.7 percent; Thermo Fisher up 3.4 percent.
Genetic testing equipment maker Life Technologies has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific, in one of the year's biggest corporate takeovers.
NEW YORK, April 14- Thermo Fisher Scientific Inc is nearing a deal to buy genetic testing equipment maker Life Technologies Corp for close to $13 billion, according to four people familiar with the matter, in what would be one of the year's biggest corporate takeovers.
Some of the names on the move ahead of the open.
NEW YORK, April 11- Business technology maker BMC Software Inc is expected to receive final takeover bids on April 22, with buyers narrowing down to two private equity groups, four people close to the matter said on Thursday.
NEW YORK, April 9- Thermo Fisher Scientific Inc made a binding offer for Life Technologies Corp on Tuesday as private equity firms raced to finalize a consortium to take the genetic testing equipment maker private, several people familiar with the matter said.
BOSTON/ NEW YORK, April 9- William Ackman's multiyear bet that he could overhaul ailing retailer J.C. Penney looks like it may end up being one of his $12 billion hedge fund's worst investment blunders.
BOSTON/ NEW YORK, April 9- William Ackman's multiyear bet that he could overhaul ailing retailer JC Penney looks like it may end up being one of his $12 billion hedge fund's worst investment blunders.
At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
NEW YORK, April 2- Thermo Fisher Scientific Inc is emerging as the lead contender in an auction for Life Technologies Corp, a genetic testing maker that has a market value of more than $11 billion, three people familiar with the matter said.
TOKYO/ HONG KONG March 26- KKR& Co agreed to sell Intelligence Holdings to Temp Holdings for 68 billion yen, almost double what the U.S. buyouts firm initially paid for the temporary staffing agency three years ago.
NEW YORK, March 21- Private equity firms are joining forces in the auction of BMC Software Inc, three people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that would top $6 billion.
*Aurelius says unit's directors shortchanged creditors. Aurelius accused Energy Future Chief Executive John Young and the other directors of showing a "demonstrated indifference" to creditors stemming in part from conflicts of interest, and said these directors should pay the interest owed.
*Fed seen sticking to stimulus as Cyprus rekindles global risks. *Cyprus leaders make efforts to avert crisis after rejecting EU bailout.
*Fed seen sticking to stimulus as Cyprus rekindles global risks. NEW YORK, March 20- Wall Street was set for a higher open on Wednesday with investors' focus on the Federal Reserve's policy statement and news conference by Fed Chairman Ben Bernanke later in the day.