On Saturday, Citigroup confirmed that it has agreed to sell the 93.5% stake in holds in Japan's telemarketer Bellsystem24 to America's private equity firm Bain Capital. The deal will cost Bain $1 Billion, or 95.3 Billion Yen, and Citi's complete stake will be transferred to the financial firm's ownership.

In a deal which has reportedly cost Hellman Friedman over 200 Million Euro, the American firm has purchased Dublin based Web Reservation International, widely considered one of the country's most profitable online ventures. Among the main beneficiaries of the deal are WRI's two founders Thomas Kennedy and Ray Nolan.

One of the world's largest and top ranked private-equity firms, Blackstone Group LP has reported a third quarter profit of $275.3 Million on the back of funds from selling of assets and finding potential targets for acquisitions.

World's largest private equity firm Blackstone Group is in talks to buy Anheuser-Busch InBev's theme park business such as SeaWorld and Busch Gardens.

People familiar with the issue informed on the condition of anonymity that the deal id valued between $2.5 billion and $3 billion.

A private equity fund managed by Goldman Sachs has plans to invest as much as $250 million in Geely Automobile, as per a media report.

Hong Kong-listed Geely Automobile is the arm of Chinese auto-manufacturer Geely Holding Group.

The deal could free up capital for Geely Automobile's parent company to make a bid for Ford Motor's Volvo unit.

The private equity group, Blackstone, sold half of its 57 per cent stake in the Cineworld, in a move that dragged shares in the British cinema chain down by 9 per cent. Blackstone sold the 50 per cent of its stake in the Cineworld, which runs 75 sites in Britain, for around £62.9 million.

The bailed-out insurer, American International Group said on Friday that its retention program that began in 2008 and would stretch through 2011 would cost approximately $1.1 billion.

Under the retention program, AIG provides key staff members with huge bonuses to help the company remain competitive.

Chairman of Wood Mackenzie, SIR George Mathewson is going to step down after the London-based private equity firm Candover has agreed to sell its energy-research unit Wood Mackenzie to Charterhouse, another London-based private equity company.

The US private equity giant Kohlberg Kravis Roberts & Co (KKR) may scrap its plans to list in the New York Stock Exchange (NYSE), with the company considering the option to buy its Amsterdam-listed fund - thereby separating it from the somewhat pressurizing plan of having to list at a difficult time to go public.

The world's biggest asset manager appears to be in the making - with New York-based BlackRock Inc. announcing on Thursday that it is working out a $13.5 billion blockbuster deal for Europe's biggest hedge fund manager BGI, which is the investment division of the British bank Barclays Plc!