Carlyle Group gains paper profits on Chinese funeral firm's gain in Hong Kong trading debut

Private equity firm Carlyle Group generated paper profits on its week-long investment in Chinese funeral company Fu Shou Yuan International Group Ltd after the latter gave a strong debut in Hong Kong trading.


Activist investor Clinton Group eyes takeover of teen apparel retailer Wet Seal

Hedge fund Clinton Group in a regulatory filing on Wednesday said that it is exploring an acquisition of California-based teen apparel retailer Wet Seal. The activist investor seeks to buy out Wet Seal's equity in a privatization deal.

US travel solutions provider Amadeus accelerates hotel IT business with $500M purchase of Newmarket International

Madrid, Spain-based global travel distribution system Amadeus bought hotel IT solutions provider Newmarket International Inc for $500 million in a bid to conquer the hospitality space.

Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer

Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer. Banesco bet out five other rivals in the auction.


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3D printing company 3D Systems has bought the solid ink product design, chemistry, and engineering teams of Xerox in Wilsonville, Oregon for $32.5 million, according to a press release.
Bristol-Myers Squibb is reportedly exiting its stake in a diabetes joint venture with AstraZeneca for $3 billion. Bristol-Myers shifted its focus from producing diabetes and hepatitis C treatment drugs to medicines harnessing the immune system to fight cancer.
Banco Sabadell, a Spain-based bank, plans to add 25 more branches to its existing 42 branches in Angola to target the growing millionaires in the country.
California, US-based firm Planet Labs has closed a fresh $52 million from a recent funding round to launch small satellites into space and gather data about the Earth.
Dish Network Corp., which lost out to Japan's SoftBank in its attempt to buy Sprint Corp., is looking to offer a bid to acquire telecoms company T-Mobile US Inc. Sprint last week said that it is considering to bid for T-Mobile.
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
Italian clothier Moncler is expected to raise a total of about €784 million in its initial public offering after arranging banks Goldman Sachs Group, Bank of American Merrill Lynch and Mediobanca exercised the listing's greenshoe over-allotment option.
Seattle, US-based customer relationship management (CRM) company Stride has been acquired by KISSmetrics and Crazy Egg founders Neil Patel and Hiten Shan, who plan to market the service and make it easier to use.
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp. for $3 billion. Carlyle has tapped investment bank Credit Suisse to explore an outright sale or IPO of PQ.
San Mateo, California-based big data analytics firm Datameer raised $19 million in a Series D funding round led by Next World Capital that brings its total funding to $36.6 million.