Private equity firm Carlyle Group is set to sign investment deals in Africa to tap the increasing customer spending in the continent.
Industry
NVCA Says the Last Quarter Was Worst Since 2003
According to NVCA data, the first quarter of 2013 was the worst since the third quarter of 2003. Without a doubt, the venture capital industry has experienced the worst quarter it has had in a decade.
WorldPay raises $1billion of new loans
WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.
Wyeth Investors Sues SAC Capital for Insider Trading
Public pension fund Birmingham Retirement & Relief System has sued SAC Capital Advisors LP over allegations of insider trading.
Harvard's Private Equity Head Resigns
Harvard Management Company's director for private equity and venture capital, Peter Dolan, has resigned from his post on April 10.
Latest News
European private equity firm AXA Private Equity has sold its majority stake in Aixam Mega to Polaris Industries, a US in group specializing in powersports.
Japan's railway and real estate group Seibu Holdings has opposed the renewed attempt of Cerberus Capital Management LP to increase its stake in the company to 44.7 percent.
Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
Nasdaq OMX Group Inc's chief executive Robert Greifeld's 2012 annual bonus has been slashed over the mishandling of Facebook's Inc. initial public offering last year.
Three big venture firms may team up to provide funding for startups working with Google Glass, the hybrid eyeglasses and smartphone developed by Google.
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
India’s online retailer Snapdeal has raised funding estimated to be between $30 million and $50 million from eBay and Recuit Co of Japan.
More than 1.5 billion euros in deposit inflows have trickled back to Greece in March bringing the total to more than 19 billion euros that have been returned to Greece since June last year.
The Head of the Statistics Department of the General Administration of Customs in Beijing admits providing incorrect and groundless data.
