Some of the names on the move ahead of the open.» Read More
March 27- Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, according to two people familiar with the matter. JPMorgan Chase& Co and Bank of America Corp will be among the underwriters, they added.
Legendary Legg Mason fund manager Bill Miller offers tips on how to invest in a market that will change in ways you'll never be able to predict.
March 26- Texas power generator Energy Future Holdings Corp is in last-minute talks with creditors to reach a debt-restructuring deal and may consider delaying the filing of its annual report, two sources told Reuters. EFH, formerly TXU Corp, was the largest generator in Texas before a $45 billion buyout in 2007..
March 26- Texas power generator Energy Future Holdings Corp is making a last ditch effort to reach a debt-restructuring deal with creditors before it seeks bankruptcy protection, the Wall Street Journal said, quoting sources familiar with the matter. EFH, formerly TXU Corp, was the largest generator in Texas, before a $45 billion buyout in 2007..
NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.
Private equity firm Apollo Global Management said Marc Spilker would step down as president and member of the executive committee.
March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker would step down as president and member of the executive committee. Spilker, 49, graduated with degree in economics from the Wharton School of the University of Pennsylvania.
March 18- Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.
March 18- Stock market index provider MSCI Inc said it would sell proxy advisory unit Institutional Shareholder Services to private-equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.
The U.K. IPO market is in rude health, but analysts warn investors should be wary of "opportunistic" private equity firms offloading firms.
March 9- A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.
March 7- U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares as its private equity owners look to cash out. The company, which was taken private for $11.4 billion in 2007, said BofA Merrill Lynch, Goldman Sachs and J.P. Morgan were the lead underwriters to the offering.
Some of the biggest names on Wall Street are quietly preparing to do battle over elections this year.
Europe's initial public offering market is on track for its busiest start to the year as private equity companies seek to capitalize on demand.
Private equity firm KKR & Co said it would acquire National Vision from buyout firm Berkshire Partners in a deal worth nearly $1 billion.
Some of the names on the move ahead of the open.
Anheuser-Busch InBev has agreed to buy South Korea's Oriental Brewery for $5.8 billion including debt, regaining ownership of a key Asian asset.
AB InBev is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR& Co LP and Affinity Equity Partners.
Apollo Global Management has completed fundraising for its latest private equity fund, amassing $17.5 billion from investors.
Stocks on Tuesday closed 2013 at records, with the S&P 500 posting its largest annual jump in 16 years.