Hedge Funds Private Equity and Hedge Funds

  • Feb 21- Corsair Components, one of the world's biggest manufacturers of keyboards and computer peripherals aimed at the gaming market, is exploring a sale or an initial public offering that could value it at more than $1 billion, including debt, people familiar with the matter said on Thursday. Corsair, which is owned by private equity firm EagleTree Capital, has...

  • NEW YORK, Feb 21- DoublePoint Energy's private equity owners are exploring a potential sale of the Permian Basin oil producer later this year that could value the company at as much as $5 billion, including debt, sources familiar with the matter said on Thursday. A potential deal would involve one of the largest privately-owned businesses in Texas' Midland Basin,...

  • LONDON, Feb 20- A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. The European Central Bank's banking supervisor has flagged troubled non-performing loans in 2019 as "a concern for a significant number of euro area...

  • SEOUL, Feb 21- South Korean tech firms Netmarble and Kakao and private equity fund MBK Partners have submitted initial bids to buy the parent of gaming firm Nexon, the Seoul Economic Daily said. Nexon founder Kim Jung- ju wants to sell a 98.64 percent stake in NXC Corp that is held by him and related parties including his wife. A source familiar with the matter told...

  • SEOUL, Feb 21- South Korean tech firms Netmarble and Kakao as well as private equity fund MBK Partners submitted initial bids for acquiring NXC Corp, which controls gaming firm Nexon, the Seoul Economic Daily said. Earlier media reports said Netmarble, which controls over a quarter of South Korea's mobile gaming market, would partner with Tencent and MBK...

  • SEOUL, Feb 21- South Korean tech firms Netmarble and Kakao as well as U.S. private equity firms Blackstone and Bain Capital submitted initial bids for control of gaming firm Nexon, the Korea Economic Daily said. Netmarble, a mobile gaming firm backed by Chinese tech giant Tencent, partnered with South Korean private equity fund MBK Partners for the bid, the report...

  • Feb 20- Bristol-Myers Squibb Co said on Wednesday that activist hedge fund Starboard Value LP intends to nominate five directors to the U.S. drugmaker's board, one month after it announced a $74 billion deal to acquire peer Celgene Corp.. That is equivalent to a roughly $50 million stake, a small sliver of the company's $84 billion market capitalization.

  • BOSTON, Feb 20- Bristol-Myers Squibb Co. said on Wednesday that activist hedge fund Starboard Value LP wants to add five directors to its board and bought one million shares after the pharmaceutical company said it plans to buy biotech company Celgene Corp.. "Starboard Value sent Bristol-Myers Squibb a notice of nomination in connection with Bristol-Myers...

  • LONDON, Feb 20- A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. In one of the first deals to have been concluded in recent weeks, finance sources said hedge and private equity firm Avenue Capital together with asset manager...

  • TOKYO, Feb 20- U.S. private equity firm Bain Capital has picked Nomura and Mitsubishi UFJ Morgan Stanley to manage an initial public offering of Japan's Toshiba Memory, a deal that could happen as early as September, people familiar with the matter said. The listing of the world's second-largest maker of NAND flash memory chips, which a Bain-led consortium bought...

  • MOSCOW, Feb 20- Russia's central bank is meeting Vostochny Bank minority shareholders following the detention on fraud charges last week of its majority U.S. investor, a banking source and a senior Russian official told Reuters on Wednesday. Russia's 35th biggest lender by assets, which is majority owned by private equity fund Baring Vostok Capital Partners,...

  • Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board, just hours after the Botox maker announced it had added a former industry...

  • Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board, just hours after the Botox maker announced it added a former industry executive...

  • Feb 19- Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc and said on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper's hedge fund Appaloosa LP wrote to Allergan's board on Tuesday, just hours after the Botox maker announced it added a former...

  • NEW YORK, Feb 18- Papa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. Papa John's this month unveiled Starboard's investment of up to $250 million and named the fund's chief executive, Jeff Smith,...

  • MOSCOW, Feb 16- A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13. Calvey, a senior partner at Baring Vostok and among Russia's most prominent investors, was detained on Thursday along with other executives after investigators accused them of...

  • MOSCOW, Feb 16- Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest. The alleged share scam occurred in 2017 and involved Vostochny Bank, a small lender in which Baring Vostok has a...

  • MOSCOW, Feb 16- Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest. Calvey, a senior partner at Baring Vostok, was detained on Thursday along with some other executives after...

  • *Russia detains prominent U.S. private equity executive. MOSCOW, Feb 15- Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, denied allegations of fraud in a Moscow court on Friday but a judge ordered him to be detained for 72 hours, a move that could raise concerns among foreign investors. Calvey's detention came as Russia hosted an...

  • *Hellman& Friedman, Blackstone offer 46 euros per share. FRANKFURT, Feb 15- Hellman& Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros including debt, setting up the biggest takeover of a listed German company by private equity. They speculated a rival media house, such as Germany's Axel...