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Private Equity and Hedge Funds

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  • Private equity firm TA Associates and other Amplify stockholders plan to sell 15 million shares and expects them to start at $14 to $16 per share. Amplify Snack Brands Inc., of Austin, Texas, says its products don't contain any genetically modified organisms and are free of gluten and allergens like peanuts. TA Associates bought a stake in SkinnyPop Popcorn in...

  • EXCLUSIVE-Atkins Nutritionals heads for IPO -sources Friday, 24 Jul 2015 | 1:19 PM ET

    July 24- Atkins Nutritionals Inc plans to pursue an initial public offering after an effort to sell the U.S. maker of protein bars, shakes and frozen meals did not meet its price expectations, according to people familiar with the matter. Atkins' private equity owner, Roark Capital Management LLC, is now seeking a valuation of roughly $1 billion, including debt, for...

  • HONG KONG, July 24- Private equity firms KKR& Co and TPG Capital are making poor returns on their investment in China International Capital Corp, the country's oldest investment bank that is readying an IPO but has struggled to compete with younger rivals. CICC, formerly led by Levin Zhu, the' princeling' son of former Chinese premier Zhu Rongji, filed late on...

  • SAN JUAN, Puerto Rico— A company of New York hedge fund billionaire John Paulson reached a $20 million deal to buy and renovate a recently closed hotel in Puerto Rico's tourist district, officials said Thursday. Paulson& Co. will develop the San Juan Beach Hotel into an ultra-luxury boutique hotel in the popular Condado neighborhood, according to Puerto Rico's...

  • FRANKFURT, July 23- German defence group Rheinmetall and French peer Thales are among several groups interested in a defence electronics business that plane maker Airbus is selling in an effort to streamline its operations, sources familiar with the transaction said. The two companies as well as U.S.-based Raytheon and a number of private equity groups...

  • NEW YORK, July 22- A federal judge on Wednesday rejected hedge fund manager Doug Whitman's effort to throw out his insider trading conviction, and faulted the Whitman Capital LLC founder's "chutzpah" in suggesting that his conduct was not a crime. District Judge Jed Rakoff in Manhattan turned down Whitman's argument that his August 2012 conviction and two-year...

  • Qualcomm's shares fell about 1 percent to $63.50 in after-market trading on Wednesday. Hedge fund Jana Partners is pushing for Qualcomm to spin off its chip business from its highly profitable patent-licensing income. The chipmaker agreed with Jana to add two fund nominees to Qualcomm's board.

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • NEW YORK, July 22- John McCormick has been on a mission for the past five years: to bring hedge funds to the masses. Traditional hedge funds, those lightly regulated investment pools open exclusively to large institutions and rich individuals, have been duds lately, trailing the U.S. stock market's performance every year since 2009 by an average of 10 percentage...

  • NEW YORK, July 21- Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, filed a new lawsuit accusing satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip it of control of wireless company LightSquared during its bankruptcy. The reorganization called for Harbinger to retain a 44.5 percent equity...

  • Harbinger sues Dish, Ergen over LightSquared Tuesday, 21 Jul 2015 | 4:33 PM ET

    NEW YORK, July 21- Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, has filed a new lawsuit accusing satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip it of control of the bankrupt wireless company LightSquared. The lawsuit filed on Tuesday in Manhattan federal court seeks at least $1.5...

  • SEOUL, South Korea— The bitter fight between Samsung and an American hedge fund over a contentious takeover deal shows that South Korea needs to do more to protect shareholder rights, South Korea's top economic policymaker said Tuesday. Finance minister Choi Kyung- hwan said South Korea needs to win trust from overseas investors by making sure that companies...

  • Payment technology company First Data files for IPO Monday, 20 Jul 2015 | 5:13 PM ET

    NEW YORK— Payment technology company First Data Corp., which says it had more than $11 billion in revenue in 2014, filed for an initial public offering of stock on Monday. The company was spun off from American Express Co. in 1992 and was taken private by the private equity firm KKR& Co. LP in 2007. First Data says it processed 74 billion transactions in 2014, or 28...

  • BERLIN, July 20- German TV broadcaster ProSiebenSat.1 is in talks to buy a stake in advertising group Scout24 from U.S. private equity firm Hellman& Friedman, Handelsblatt reported on Monday, citing unidentified sources in the banking industry. The German business newspaper said ProSieben had two options-- one to take a majority stake in Scout24, and another to...

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, First Eagle announced on Monday. Under the terms of the deal, private equity firm TA Associates is selling its entire stake in First Eagle and the family of...

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, according to people familiar with the matter. New York- based First Eagle manages approximately $100 billion in investment assets. Private equity firm TA...

  • NEW YORK, July 20- A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months. Hunt, an executive assistant at a private equity firm in New York City puts $150, about 2 percent of her salary, automatically into a retirement plan...

  • LONDON, July 20- Hedge funds and other money managers have rarely been so bearish about the outlook for oil prices, according to the latest positioning data from the U.S. Commodity Futures Trading Commission. Hedge funds boosted short positions in futures and options linked to the price of U.S. crude to 138 million barrels by July 14, from 84 million four weeks...

  • World stocks uneven as Europe rally on Greece fades Friday, 17 Jul 2015 | 5:46 AM ET

    HONG KONG— World stock markets were uneven Friday as Europe's rally faded while most Asian indexes advanced, led by a jump in Chinese shares, after strong U.S. earnings. Britain's FTSE 100 edged 0.1 percent lower to 6,788.61. ANALYST INSIGHT: " Greece is on the way to becoming just background noise- at least for a while anyway," said Shane Oliver, head of investment...

  • July 16- Blackstone Group LP, the world's largest alternative asset manager, reported a 62 percent slump in second-quarter earnings on Thursday, yet performance fee revenue generated from selling assets surpassed many analysts' expectations. But investors cheered as the New York- based firm declared its third highest quarterly dividend of 74 cents per share,...