Investors
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.