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GE nearing deal to sell industrial engines unit to Advent: WSJ

(Reuters) - General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter......»»

Category: topSource: reutersJun 24th, 2018

Weinstein Co. Cuts Deal Price by $23 Million to Close Sale to Lantern

A Weinstein Co. lawyer said Friday that the studio has agreed to reduce the proposed purchase price for the business by $23 million to close the sale of its film and television assets to private-equity firm Lantern Capital Partners......»»

Category: smallbizSource: wsjJun 22nd, 2018

Exclusive: KKR close to signing deal for Altice"s telecom towers - sources

MADRID/LONDON (Reuters) - Private equity firm KKR is close to buying a stake in the telecom towers business of Altice , three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations......»»

Category: topSource: reutersJun 18th, 2018

BJ’s Wholesale Club IPO All About Debt Repayment

Seven years after being taken private by two private equity firms, BJ's Wholesale Club has filed terms for an IPO. The company plans to pay down debt with the the proceeds......»»

Category: blogSource: 247wallstJun 18th, 2018

What this Scottsdale tech company plans to do with its first private equity investment

GPS Insight’s 2017 revenue was in the $40 million range, and is growing at 20 percent, with $47 million in revenue expected this year......»»

Category: topSource: bizjournalsJun 4th, 2018

Walmart Sheds Majority Stake in Brazilian Stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International. The retailer will take a non-cash writed down of about $4.5 billion on the deal......»»

Category: blogSource: 247wallstJun 4th, 2018

Walmart to sell 80% stake in its Brazil business

Walmart Inc. is selling an 80 percent stake in its Brazilian operations to a global private equity firm as it reduces its presence in countries where it’s struggling.  .....»»

Category: topSource: usatodayJun 4th, 2018

Walmart sheds majority stake in Brazilian stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International......»»

Category: topSource: moneycentralJun 4th, 2018

Walmart sells majority of Brazil unit, takes $4.5 billion charge

NEW YORK/SAO PAULO (Reuters) - Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April......»»

Category: topSource: reutersJun 4th, 2018

Tyson Finds New Private-Equity Owner for Sara Lee, Van"s

Private-equity firm Kohlberg & Co. is buying Tyson Foods’ Sara Lee frozen bakery and Van’s waffle businesses, and plans to name former Sara Lee official C.J. Fraleigh to serve as executive chairman of the operations......»»

Category: smallbizSource: wsjJun 1st, 2018

Cincinnati Eye Institute to expand nationally

Cincinnati Eye Institute, one of the region's largest doctor groups, plans to expand nationally with an infusion of capital from a private equity firm. The Blue Ash-based group of 41 ophthalmologists revealed today the launch of CEI Vision Partne.....»»

Category: topSource: bizjournalsMay 29th, 2018

Tesla competitor makes secret U.S. filing for IPO that could raise billions

Nio, the Chinese electric-vehicle startup whose American headquarters is in San Jose, has reportedly filed confidential plans to go public in the U.S. Bloomberg and Business Day both cited unnamed sources in stories who said the Tesla competitor coul.....»»

Category: topSource: bizjournalsMay 29th, 2018

Bombardier Plans 2 New Luxury Jets, Demand is Expanding

Bombardier Plans 2 New Luxury Jets, Demand is Expanding $BDRBF Bombardier Inc. (OTCMKT:BDRBF) announced that is planning to build 2 new private jet airplanes in response to growing demand for large-cabin business jets. The Gl.....»»

Category: topSource: livetradingnewsMay 29th, 2018

WeddingWire cashes in with $350 million investment

The company plans to use the extra cash, from British private equity fund Permira, to move deeper into international markets......»»

Category: topSource: washpostMay 27th, 2018

WeddingWire CEO details next steps after selling majority ownership

The Chevy Chase company disclosed plans to sell a majority stake to London-based private equity firm Permira for $350 million......»»

Category: topSource: bizjournalsMay 22nd, 2018

Main Street Banks Feel Squeezed by New Lending Rivals

Hedge funds, private-equity firms and others are elbowing into business loans. Midsize banks are being forced to rethink a business that is a key part of their revenue......»»

Category: smallbizSource: wsjMay 19th, 2018

Private-Equity Tech Titans Face Off With New Funds

Two of the largest technology-focused private-equity firms are competing to raise money for what would be their biggest funds, ratcheting up an already heated race for buyouts in the industry......»»

Category: topSource: wsjMay 17th, 2018

Airtel said to plan Africa unit IPO in $4.6 billion debt cut

India's top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019.....»»

Category: topSource: business-standardMay 9th, 2018

Citigroup: Is ValueAct What It Needs to Get Its Act Together?

ValueAct talked up Citi’s treasury services business and asked the bank to raise the amount of cash it plans on returning to shareholders in the next two years from $40 billion to $50 billion. But can it?.....»»

Category: blogSource: barronsMay 8th, 2018

Blackstone to buy Gramercy Property in $7.6B deal

The deal will add to Blackstone's real estate business, which has emerged as a bigger contributor to earnings in recent years than its private equity division......»»

Category: topSource: foxnewsMay 7th, 2018