Synova Capital Sold UK Handbag Maker TLG Brands to Hong Kong's Global Brands Group

Synova Capital has sold its UK fashion accessories brand TLG Brands to Hong Kong’s Global Brands Group. Under Synova’s ownership, TLG Brands has been seeing strong growth and more presence in international as well as online markets.

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Swander Pace Capital exits Pineridge Bakery to ARYZTA AG

Pineridge Bakery is being sold by its private equity owner Swander Pace Capital to Swiss food firm ARYZTA AG for $340 million, a statement about the deal said.

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LA Fitness Group looks to divest 33 of 80 gyms to reduce debt

LA Fitness Group will be selling 33 of its 80 gyms in the UK and Ireland as part of debt-reduction strategy. It had also signed company voluntary arrangements to help reduce its rent, Bloomberg reported.

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Google Ventures pulls out funding for Bustle

Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.

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Private equity-owned J. Crew Group Inc reportedly in talks with Fast Retailing Co for possible sale

J.Crew Group Inc is said to be in early stage talks with Fast Retailing Co and E. Land Group for a possible sale, according to sources.

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Hulu to exit Japanese unit to Nippon TV

Hulu, a platform that provides video streaming services, will be divesting its Japanese unit to Nippon Television Network Corporation after three years of operations, TechCrunch reported.

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Silver Lake in exclusive talks to divest Serena Software Inc to private equity firm- sources

Silver Lake is already in advanced talks with private equity firm HGGC LLC to exit information technology management firm Serena Software Inc, according to four sources interviewed by Reuters.

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Philippines' Aboitiz Group completes exit from shipping business

Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.

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KKR & Co liquidates two funds focused on individual investors

Private equity giant KKR will be withdrawing two funds targeted for individual investors, a move that is seen as a blow to its efforts to grow its product offerings beyond institutional investors, Reuters reported.

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Bebe Stores Inc eyes private equity firms for possible sale- sources

Brisbane, Californian-based women's retailer Bebe Stores Inc is thinking of selling the company and is reaching out to private equity firms, according to people interviewed by Reuters.

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Sony Corp in talks with investment fund to divest Vaio PC division- source

Sony Corp is discussing with buyout firm Japan Industrial Partners for a potential sale of its loss-making Vaio personal computer business, a source interviewed by Reuters said.

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Rhode Island to pull out pension fund from Daniel Loeb's Third Point

Activist investor Daniel Loeb's Third Point Llc can no longer count on Rhode Island as one of its clients after the state's Investment Commission voted to pull out its investment in the hedge fund, Reuters reported.

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Ackman's Pershing Square Capital Management sells 7.3 million Beam Inc shares

A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.

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Blockbuster continues to remain an upscale chain in Mexico with $31M sale- report

The $31 million deal between Dish Network Corp and Grupo Elektra for the sale of Blockbuster Mexico allows the video rental service to continue to live on as an upscale chain in Mexico, Bloomberg reported.

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Canada's Jamieson Laboratories to be sold to CCMP Capital Advisors

Jamieson Laboratories, the largest manufacturer and distributor of natural health products in Canada, will be purchased by CCMP Capital Advisors. Terms of the deal were not disclosed.

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