private equity

Asia Leads the IPO Race as U.S. Drops Further Back

Over the last 11 years, Asia's IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia's share of global IPOs has increased from 12% in 1999 to 66%. Meanwhile, U.S. IPOs have declined from around 44% to 11% during the same time period, according to Bloomberg.

Hitachi Plans IPO For Struggling Hard Drive Unit

Hitachi is preparing an IPO for its Global Storage Technologies unit, looking to finally rid itself of an unprofitable hard drive business that has been an albatross around its neck for years. In its announcement Tuesday, Hitachi said it will list the shares on either the NYSE or Nasdaq.

CommScope Agrees to $3.9 Billion Carlyle Buyout

CommScope (CTV), a maker of telecommunications equipment, agreed to be purchased by private equity firm The Carlyle Group for $3.9 billion. Under the terms of the deal, Carlyle will acquire all of the outstanding shares of CommScope common stock for $31.50 per share, cash, the companies said in a statement. That price represents a 36% premium versus the stock%u2019s closing price at the end of last week.

Is Pre-Paid Legal Ready for a Buyout?

Pre-Paid Legal Services' stock surged today after it announced it was evaluating "strategic alternatives" for the company, including a possible buyout.

Apollo and TPG Plan an IPO for Harrah's

Private-equity firms Apollo Management and TPG, which took Harrah's Entertainment private in January 2008, are now preparing a $575 million initial public offering. An IPO may be just as bold a move as the buyout, as investors remain wary of IPOs from private-equity firms.

Goldman Sachs's Proprietary Traders Will Join KKR

About nine members of Goldman Sachs Group proprietary trading team are joining private-equity firm Kohlberg Kravis & Roberts after entertaining offers from investment firms such as Perella Weinberg and Blackrock.

Yahoo Hires Goldman Sachs to Deal With Takeover Bids

Yahoo! Inc (YHOO) has hired Goldman Sachs Group (GS) to help deal with possible takeover approaches, Bloomberg News reported. Yahoo has been working with advisers for about two weeks, but has not received any offers, Bloomberg News said.

Bain Capital to Buy Gymboree for $1.8 Billion

Children's clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.

Gymboree Hires Goldman Sachs to Auction Itself Off

After seeing interest from potential buyers, children's clothing retailer Gymboree has hired Goldman Sachs to auction itself off, and more private-equity firms have already stepped in to say they want to play. Gymboree executives are reportedly looking for price of $55 to $60 a share.

Clorox May Sell Auto Care Brands for $800 Million

Cleaning-products maker Clorox Co. (CLX) is in talks to sell its auto-care brands STP and Armor All to private equity firm Avista Capital Partners for as much as $800 million. The sale may be announced in the coming days, Bloomberg News reported without naming its sources. JPMorgan Chase (JPM) has been advising Clorox on the deal.

3G Capital Appoints New Burger King CEO

Burger King (BKC) will have a new CEO once it is sold to 3G Capital. 3G today announced that it plans to appoint Bernardo Hees, a partner at the investment group, as CEO of the fast-food retailer once the deal is complete.

Saks Shares Soar on Takeover Rumors

Saks shares have spiked on takeover speculation. Reports say a private equity consortium with U.S. and U.K. players is interested in buying the retailer and could offer some $1.7 billion for it.

Blackstone to Invest in China Luxury Property Development

Blackstone Group (BX), a private equity firm, agreed to back a project to build luxury apartments in China. Blackstone entered into the agreement with Hong Kong property developer Great Eagle, The Financial Times reported without naming its sources. Great Eagle will build over 1,000 new homes in Dalian in Liaoning, a coastal city in northern China. The project will also include over 400 hotel rooms.

Highland Hospitality Could File for Bankruptcy

Highland Hospitality could file for bankruptcy as economic woes squeeze the hotel industry, The Wall Street Journal reported. Highland Hospitality, which holds 27 hotels, could file as soon as next month, The Wall Street Journal reported without naming its sources. Still, discussions about the move are still at an early stage.

KKR Cancels Planned $500 Million Offering

The private equity giant said late Monday that it would not proceed with a proposed $500 million public offering, citing "unfavorable market conditions." The firm reported weaker second-quarter earnings, which dropped a whopping a 91%.

Is Regis Corp. Buyout Bait?

News that beauty salon operator Regis Corp has hired investment bank Peter J. Solomon to investigate possible buyout options sent Regis stock soaring Thursday.

Private Equity Groups Interested in Barnes & Noble

A number of private equity groups may be interested in bookstore chain Barnes & Noble (BKS), Reuters reported. Private equity firms including Bain Capital and Apollo are interested in "taking a look" at the company, Reuters said without naming its sources.

ADP Revs Its Car Business With Cobalt Buy

Automatic Data Processing, a large provider of HR, payroll and benefits administration services, has bought Cobalt, which offers marketing services to auto dealers. The $400 million deal helps boost ADP's own dealer-services business and combat tough times in the sector.

Why Going Private Could Be Barnes & Noble's Best Bet

With its stock plunging and the trial between key shareholder Ron Burkle and top company executives about to take place in court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the best step for the company to take.

Will EU Limits on Banker Bonuses Reduce Risk?

Europe's parliament on Wednesday approved world's toughest limits on bankers' bonuses, a move likely to fuel demands for similar curbs in the United States. But are these measures enough to limit excessive risk-taking at too-big-to-fail financial institutions and avert another meltdown?

Hasbro Denies Being in Talks to Go Private

Toymaker Hasbro has been in buyout talks with fellow Rhode Island-based Providence Equity Partners, according to the Wall Street Journal. However, the discussions may have cooled lately given the uncertainty in the markets.

Oil and Gas Firm RAM Energy Hunts for a Buyer

On Tuesday, RAM Energy Resources said it had hired financial advisors Jefferies & Company to assist in a "strategic review process." In other words, the independent oil and natural gas company is considering a sale, refinancing or recapitalization.