Shares in Man Group Plc, the world’s largest publicly traded hedge-fund manager, rose the most in more than three months after it said it would buy Boston-based Numeric Holdings LLC for as much as $494 million.
Man Group Plc, the world’s largest publicly traded hedge-fund manager, is in talks to buy Numeric Holdings LLC in a deal that would diversify its computer-driven investments after the company’s biggest fund posted losses over the past three years.
C. Kevin Landry, who joined TA Associates Inc. as its second hire in 1968 and as chief executive officer oversaw the Boston firm’s growth into one of the country’s largest middle-market private-equity companies, has died. He was 69.
IntraLinks Holdings Inc. , the provider of document exchange services for the loan market owned by TA Associates Inc., will seek to raise as much as $202.4 million in an initial public offering this week to repay debt.
TA Associates Inc. and Summit Partners LP agreed to buy a majority stake in Bigpoint GmbH , Europe’s second-largest online games company, betting on booming demand for games such as “Seafight” and “DarkOrbit.”
Sequoia Capital India agreed to sell part of its stake in diagnostics and pathology services firm Dr Lal PathLabs Pvt. to U.S.-based private equity firm TA Associates Inc., the Mint newspaper said, citing Sequoia director Sandeep Singhal.
Private equity group TA Associates Inc. may be a preferred bidder for Crescent Capital Partners Ltd.’s National Hearing Care unit, the Australian Financial Review reported in its Street Talk column, without saying where it got the information.