Brad Meikle

TPG Capital has sold a 17.5 percent stake in PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) to an affiliate of Japan’s Sumitomo Corp for 5.93 trillion rupiah ($461.8 million), Reuters reported.

Blackstone Group has hired Bank of America Merrill Lynch and Morgan Stanley as global coordinators to prepare a potential London listing of British-based resorts group Center Parcs, two sources familiar with the matter told Reuters.

Crude price volatility may not have completely closed the funding doors for US high-yield energy companies as private equity firms and new funds prepare to snap up juicy yields on offer after a recent slump in the sector’s bonds, IFR reports.

Goldman Sachs Group Inc on Wednesday named Alison Mass and Alasdair Warren global co-heads of its financial sponsors group, which advises private equity firms on their deals, according to an internal memo seen by Reuters.

Warburg Pincus has reduced its stake in British discount retailer Poundland from 30.4 percent to 16.4 percent, it said on Wednesday, raising about 142 million pounds ($216 million) through a share placing, Reuters reported.

Electra Private Equity, one of Britain’s oldest private equity firms, said it planned to return 3 percent of its annual net asset value (NAV) to investors through a cash dividend or share buybacks, Reuters reported.

Carlyle Group LP reported a 68 percent year-on-year drop in fourth-quarter profit, as the appreciation of its portfolio slowed down, yet the decline was smaller than most analysts expected due to strong cash proceeds from asset sales, Reuters reported.

Evercore has appointed David Andrews as a senior managing director in the advisory boutique’s energy group, working out of the firm’s Houston office, Reuters reported.

Sycamore Partners is in talks to buy apparel retailer Chico’s FAS Inc and is trying to secure debt financing for a deal that could reach $3 billion, two people familiar with the matter told Reuters.

Enterprise software provider Saba Software Inc, whose chief executive and other executives recently settled charges of accounting fraud, said private equity firm Vector Capital would take it private for about $268 million in cash, Reuters reported.