Reuters News

Warburg Pincus is looking to bid for Deutsche Telekom‘s T-Mobile Netherlands division which is worth up to 3 billion euros, three sources familiar with the matter said on Wednesday, Reuters reported. Warburg Pincus is working on the deal with Deutsche Telekom’s former Chief Executive Officer René Obermann who was hired by the New York-based private […]

Former Goldman Sachs Group Inc co-president Jon Winkelried will join TPG Capital LP as co-chief executive, the latest example of a private equity firm seeking to grow and expand its operations through a high-profile hire, Reuters reported. Winkelried, 56, will join TPG co-founder James Coulter, 55, who was already serving as the firm’s CEO, TPG […]

Jerome Kohlberg Jr., a founder of investment firm Kohlberg Kravis Roberts & Co and a pioneer of the leveraged buyout, died on Thursday at his home in Martha’s Vineyard, Massachusetts, aged 90, Reuters news service reported.

Cerberus dodged a bullet with its recent decision to let investors sell out of one of the world’s biggest gunmakers, Remington Outdoor. It’s the company that made the assault rifle used to kill 20 children and six of their teachers in a Connecticut elementary school in December 2012.

Jeff Rowbottom, KKR & Co LP’s head of capital markets for the Americas, will resign to join Israeli venture capital firm Pontifax Group, according to Bloomberg.

The California Public Employees’ Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday, according to Reuters.

(Reuters) - Sycamore Partners has abandoned its attempt to buy apparel retailer Chico’s FAS Inc after failing to secure financing on acceptable terms, the Wall Street Journal reported quoting a person familiar with the matter.

Apollo and CVC are in a plan to sell insurer Brit Plc, the Financial Times reported, citing people familiar with the matter, according to Reuters.

Private equity firm Bain Capital LLC has agreed to invest hundreds of millions of dollars to become a major shareholder in Virgin Cruises, the cruise ship division being set up by British entrepreneur Richard Branson, according to Sky News, as reported by Reuters news service.