The Carlyle Group (CG) Splits with Vermillion Commodity Fund Following Severe Drop in Assets Jul 31, 2015 02:13PM

Carlyle Group (Nasdaq: CG) is said to have parted ways with Vermillion Asset Management LLC’s Viridian commodity fund following severe underperformance.

The WSJ said that Vermillion's commodity fund saw its assets drop from $2 billion to less than $50 million ahead of the split. The fund was said to have lost 23 percent last year alone.

Carlyle bought a majority stake in Vermillion in 2005 and the assets were sold at the end of last month.

Drops in prices for nat gas,... (continue reading...)


Zynga (ZNGA) Takeover Said Mulled by Four Investor Groups Jul 31, 2015 10:21AM

(Updated - July 31, 2015 10:21 AM EDT)

Zynga (NASDAQ: ZNGA) takeover had been plotted by 4 investor groups, according to Fortune.

UPDATE - The report had former Facebook (Nasdaq: FB) exec Chamath Palihaptiva and Science, Inc., leading two of the groups. However, talks fell apart once Mark Pincus returned as CEO last April.

Two of the plans were said to involve a cash extraction strategy, which would have the company sell its real estate assets and send labor overseas.... (continue reading...)


KKR & Co. (KKR) Makes $150M Investment in Polyester Product Producer JBF Group Jul 31, 2015 07:11AM

JBF Industries Ltd. (“JBF”), a leading manufacturer of polyester value-chain products, has signed a definitive agreement with global investment firm KKR under which KKR will invest $150 million into JBF Group, an entity that includes JBF’s international subsidiaries.

A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon... (continue reading...)


NCR Corp. (NCR) May End Sale After $9B Thoma Bravo Deal Falls Through - NYP Jul 30, 2015 07:55AM

NCR Corp. (NYSE: NCR) May End Sale After $9B Thoma Bravo Deal Falls Through - NYP


UPDATE: VimpelCom (VIP), Hutchison Close to Wireless Merger in Italy - Bloomberg Jul 29, 2015 10:28AM

(Updated - July 29, 2015 10:28 AM EDT)

VimpelCom (NASDAQ: VIP) and Hutchison are close to an agreement to combine their wireless business in Italy and are putting the final touches on a deal, according to Bloomberg, citing people familiar. A deal announcement could come as early as next week. A deal may also include a $2.2 billion capital increase, the report said, possibly with the help of private equity.


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