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Kyobo Life decides not to bid for Woori Finance Holdings

South Korea's unlisted Kyobo Life Insurance has decided not to bid for a 6 trillion Korean won ($5.2 billion) controlling stake in Woori Finance Holdings.


3i making progress with cost cutting measures

Private equity group 3i said it is making progress with cost-cutting measures as it moves to a new reporting timetable it hopes will make it more transparent and win back shareholders dissatisfied at years of poor performance.

China funds seen nearing Dexia asset management buy

Two Chinese private equity funds are reported to be close to finalizing a deal to buy the asset management arm of Franco-Belgian financial group Dexia.

Blackstone's real estate fund lures China-source

Blackstone Real Estate Partners VII has secured a rare commitment from the Chinese government. Blackstone Real Estate Partners VII, the fund that has proved one of Blackstone Group LP's most popular offerings with investors, has secured a rare commitment from the Chinese government, a source familiar with the matter said on Thursday.


Latest News

Private equity group Investcorp is considering the sale of Armacell. Private equity group Investcorp is considering the sale of Armacell, one of the world's leading makers of insulation materials, aiming to capitalise on the growing need for energy efficient products, people familiar with the situation said.
United Technologies Corp has agreed to sell industrial businesses of its Hamilton Sundstrand subsidiary to Carlyle Group LP and BC Partners Ltd for $3.46 billion.
Australian equipment hire company Coates Hire is considering an IPO to raise up to A$800 million ($821 million) to help repay debts, sources said.
Meteor Development Group today announced $11.2 million in funding led by Andreessen Horowitz. Meteor Development Group, the company behind the Meteor open-source project, which produces a platform for building software applications, today announced $11.
Regenerative medicine company Histogenics Corporation, announced today the completion of a $49 million round of financing.
bluebird bio today announced the successful completion of a $60 million Series D financing. bluebird bio today announced the successful completion of a $60 million Series D financing.
GoodData has closed $25 million in Series C funding led by Tenaya Capital GoodData has closed $25 million in Series C funding led by Tenaya Capital, with participation from new investor Next World Capital, and existing investors Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners.
Sunrun, the nation’s leading home solar company, today announced that Credit Suisse has committed $200 million to help Americans obtain Sunrun solar power service.
Nielsen Holdings N.V. (NYSE: NLSN) announced today that through its majority owned Israeli subsidiary, Nielsen Innovate Ltd., it has been awarded an Israeli government mandate to launch a technological incubator in Israel.
The board of Billabong International is seriously considering a A$694 million ($713 million) offer from private equity firm TPG Capital.