Private Equity
UPDATE 1-Direct Line says oper profit rises; sees lower restructure costs
Nov 1 (Reuters) – Direct Line Insurance Group, Britain’s largest motor insurer, reported a 6 percent rise in third-quarter operating profit, and expected restructuring costs for this year and next to…
UPDATE 1-Twitter-backer Benchmark Capital raises new venture fund
SAN FRANCISCO, Oct 31 (Reuters) – Benchmark, the firm behind companies ranging from eBay to Twitter, is raising a new venture fund, according to a person familiar with the situation.
SAP launches $650 mln fund, highlights corporate venture growth
SAN FRANCISCO, Oct 2 (Reuters) – Software giant SAP AG said it is allocating more than $650 million to a new venture fund, SAP Ventures Fund II, showing the growing role that corporations are taking…
