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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:34 EDTGS, BX, CG, KKRGoldman Sachs to pay $67M to settle LBO collusion suit, Reuters reports
Goldman Sachs (GS) will pay $67M to settle its portion of a lawsuit accusing private equity firms of colluding not to outbid each other in leveraged buyouts from 2003 to 2007, Reuters reports. As part of the settlement, Bain Capital will pay $54M. Remaining defendants include Carlyle (CG), Blackstone (BX), KKR (KKR), TPG Capital and Silver Lake Partners. Reference Link
News For GS;BX;CG;KKR From The Last 14 Days
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September 29, 2014
06:32 EDTKKRKKR said to support Acion Partners hedge-fund, Bloomberg says
KKR is said to have established its first Asia hedge-fund collaborative effort by supporting Hong Kong-based Acion Partners, which is led by the former regional chief of York Capital Management Feng Hsiung, according to Bloomberg, citing people with knowledge of the matter. Reference Link
September 26, 2014
18:09 EDTGSGoldman Sachs to ban investment bankers from trading stocks, Bloomberg reports
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11:35 EDTCGCarlyle Group to acquire majority interest in six power plants in Georgia
Carlyle Group announced it has agreed to acquire 75.05% of the outstanding interests and operational control of Southeast PowerGen, a portfolio of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore's sovereign wealth fund. Equity capital for the transaction, terms of which were not disclosed, will come from Carlyle Power Opportunities Capital Partners L.P. and Carlyle Power Partners II L.P. The acquisition increases the size of Carlyle’s power generation portfolio to more than 4,300 MW. Southeast PowerGen, presently owned by a consortium of ArcLight Capital Partners, GIC and GE Energy Financial Services, consists of two natural gas-fired combined-cycle power generation facilities and four natural gas-fired peaking facilities totaling 2,815 MWs.
September 25, 2014
18:05 EDTCGCarlyle Group to pay $115M in collusion suit settlement, Reuters says
Carlyle Group is settling a lawsuit that alleged it colluded with other buyout shops to depress deal prices for $115M, says Reuters. The settlement will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, added Reuters, citing sources. Reference Link
15:10 EDTGSHolder resignation as AG positive for banks, says Rafferty Capital
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14:32 EDTGSGoldman Sachs close to acquiring Neovia Logistics for $1B, Reuters says
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September 24, 2014
15:04 EDTGSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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07:46 EDTGSPeterson Institute for International Economics to hold a conference
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September 23, 2014
13:53 EDTBXBlackstone COO says company was 'never in Russia,' CNBC reports
Blacksone COO Tony James disputed a Financial Times report that said the group was "giving up on Russia," reports CNBC. In an interview with CNBC's "Squawk Box," James said "We were never in Russia. We've never had an office, employee or investment in Russia." James added that Blackstone has a consultant in Russia but has not determined whether or not to renew the contract. Reference Link
13:39 EDTCGGIC in talks with Carlyle over possible GBP 2B takeover of RAC, Sky News says
The Government Investment Corporation of Signapore, or GIC, is in talks with the Carlyle Group over a potential takeover of its RAC division, a roadside assistance company, SkyNews reports, citing a person close to the situation. The deal would be valued at more than GBP 2B, and the deal could occur within days, Sky News added. CVC Capital Patners has also expressed interest in buying the RAC unit from Carlyle. A takeover of RAC would end its prospects of becoming a publicly traded company. The board of RAC will meet in the coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider. GIC would consider taking a minority stake in RAC before its IPO if it decides to go public, the insider added. Reference Link
07:14 EDTGSGoldman spot FX trading boss in EU to depart, Bloomberg says
Mitesh Parikh, the manager of Goldman Sach's spot foreign-exchange trading in Europe, is departing the company to trade currencies at an investment company, according to Bloomberg, citing two people with knowledge of the situation. Parikh joined Goldman Sachs twelve years ago. Reference Link
September 22, 2014
08:54 EDTCGCarlyle aims to divest shares in oil-unloading system, WSJ says
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September 21, 2014
14:43 EDTBXBlackstone does not renew contracts to its consultants in Russia, FT says
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September 19, 2014
06:42 EDTKKRKKR purchases extra 10% stake in Tiga Pilar, Reuters says
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September 18, 2014
14:08 EDTGSBanks look to high-interest personal loans to boost revenue, WSJ says
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07:34 EDTKKRSodaStream rumored as target for SABMiller, Diageo, Independent says
Rumors haver circulated among U.K. traders that soda machine maker SodaStream (SODA) could be targeted for a takeover by beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), according to The Independent. Reference Link
07:17 EDTKKRBMO Capital to hold a conference
14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
September 17, 2014
13:16 EDTGSHolder says DOJ looking to charge bank executives, Washington Post says
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11:25 EDTKKRKKR management to meet with Oppenheimer
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07:37 EDTBXMorningstar to hold a conference
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