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Stock Market & Financial Investment News

News Breaks
July 14, 2014
14:58 EDTTEF, VOD, KKRKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
News For KKR;VOD;TEF From The Last 14 Days
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March 26, 2015
12:53 EDTVODVodafone India acquires spectrum in 12 telecom circles for INR 258.1B
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March 24, 2015
13:50 EDTTEFTelefonica to sell O2 U.K. to Hutchison Whampoa for GBP10.25B
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13:02 EDTTEFTelefonica agrees to sell O2 unit to Hutchison for GBP10.25B, Bloomberg reports
05:58 EDTTEFHutchison Whampoa to finalize deal to buy O2, Financial Times reports
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March 23, 2015
06:10 EDTVOD, TEFBT Group plans to announce BT Mobile 4G network this week, Telegraph reports
BT Group (BT) is said to be planning to announce the launch of its own 4G network this week, The Telegraph reports. The service, BT Mobile, will initially be offered to the company's 7.6M broadband subscribers and will compete with offerings from O2 (TEF) and Vodafone (VOD). Reference Link
06:06 EDTKKRAres Management, GE Capital invests in package supporting KKR acquisition
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March 19, 2015
15:46 EDTKKRKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTKKRKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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12:44 EDTVODVodafone signs letter of intent for stake in Metroweb, Bloomberg says
Vodafone has signed a letter of intent to buy a stake in Metroweb from F2i Sgr, reports Bloomberg, citing three people with knowledge of the matter. The letter of intent does not state financial terms but two of the sources say Vodafone may fund a capital increase for as much as $532M in Metroweb's Sviluppo unit. The sources add that Vodafone stipulated that no single phone-service company gains majority control of Metroweb. Reference Link
March 18, 2015
08:25 EDTKKRSamson near deal for covenant breach waiver, NY Post says
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08:10 EDTKKRAres Management names Michael McFerran as CFO
Ares Management, L.P. (ARES) announced that it has appointed Michael R. McFerran as Executive VP, CFO and Treasurer, effective March 23. McFerran will assume firm-wide CFO and Treasurer responsibilities. McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co. L.P. (KKR) where he served as the CFO of KKR’s credit business and was the COO and CFO of KKR Financial Holdings LLC (KFN). Daniel F. Nguyen, Ares Management’s current CFO and Treasurer, will remain with Ares as CFO of the Ares Private Equity and Tradable Credit Groups and will continue his involvement with firm M&A activities. The CFO roles for each of the other two Ares investment groups, Direct Lending and Real Estate, will continue to be filled by Penni Roll and Tae-Sik Yoon, respectively. In addition, Roll will continue as CFO of Ares Capital Corporation (ARCC) and Yoon will continue as CFO of Ares Commercial Real Estate Corporation (ACRE).
06:42 EDTKKRUxin raises $170M from KKR, Baidu, others, WSJ says
Chinese used car auctioneer Uxin has raised $170M from backers including KKR (KKR) and Baidu (BIDU), reports the Wall Street Journal. Uxin will primarily use the fund to expand its business-to-consumer operations to complete with rivals Bitauto (BITA) and Autohome (ATHM). Reference Link
March 17, 2015
07:53 EDTKKRMatson American Eagle Jack Henry named triple play at Oppenheimer
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March 16, 2015
09:30 EDTKKRConsortium wants to securitize $5.3B of debt from GE Capital, Reuters says
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07:37 EDTVODVodafone outlook still positive, says JPMorgan
JPMorgan says that euro weakness and uncertainties relating to the Indian spectrum auction have caused Vodafone's stock to underperform. But the firm believes that, in April, attention should shift to Vodafone's full-year results and its improving outlook in Europe while the company should resume growing in 2H15. The firm keeps an Overweight rating on the shares.
07:25 EDTKKRChinese consortium enters Philips auction, Reuters says
A consortium consisting of Lattice Power, GSR Ventures, and Temasek has placed a last-minute bid in the auction for Philips' (PHG) lighting components business, reports Reuters, citing two sources familiar with the matter. The sources also said the CVC and KKR (KKR) consortium tabled their potentially leading bid. Philips will enter exclusive talks with the winner early next week. Reference Link
March 15, 2015
12:41 EDTKKRGE sells Australia-New Zealand consumer lending unit to consortium
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