Brad Meikle
A U.S. bankruptcy judge ordered mediation to try to resolve how creditors of Texas’ largest power company, Energy Future Holdings Corp, will divide payments that are a key part of ending its year-long bankruptcy, Reuters reported.
KKR & Co LP said it would merge some of its private equity industry teams in the United States after two more of its leaders stepped down, and as it prepares the ground for raising its next flagship North American buyout fund, Reuters reported exclusively.
Artivest, a startup that gives individual investors access to private equity funds, hedge funds, and other alternative investments, said Monday it has raised $15 million in a funding round led by private equity firm KKR & Co, Reuters reported.
The president of a firm that claimed it was investing in personal injury lawsuits pleaded guilty on Thursday to engaging in a conspiracy to defraud investors out of $11 million, Reuters reported.
Indian smartphone maker Micromax Informatics Ltd is looking to raise capital from private investors or through a stock market listing, as it expands into new business segments including personal computing, its co-founder told Reuters.
U.S. private equity firm Brookstone Partners plans to invest up to 450 billion francs CFA ($750 million) in three hydroelectric dams in Ivory Coast through its Moroccan arm Platinum Powers, a company executive told Reuters on Wednesday.
British communications and events company UBM Plc is exploring a sale of PR Newswire Association LLC in a deal that could value the distributor of press releases at more than $700 million, people familiar with the matter told Reuters.
Advent International is in talks with Carlyle Group and three separate healthcare providers to sell its 72 percent stake in India’s CARE Hospitals for $250 million to $300 million, two sources with direct knowledge of the matter told Reuters.
Israel’s planned sale of one of its largest defense contractors has received interest from more than 20 Israeli and foreign entities, the country’s privatization chief said on Wednesday, Reuters reported.
London Stock Exchange Group Plc is in talks with at least six parties interested in buying Russell Investment Management, the investment arm of LSE-owned Frank Russell Co, the Financial Times reported, citing people close to the process, according to Reuters.