Natalie Hoberman

New York-based buyout firm Kohlberg Kravis Roberts & Co. Fund Holdings L.P. has sold 7.5 million shares of Raleigh-based PRA Health Sciences, according to a filing with the Securities and Exchange Commission. KKR sold the 7.5 million shares at a price of $55.51 each, profiting approximately $416.32 million from the sale. The firm now owns 22.7 million shares of PRA. The sale took place on Nov. 16. PRA Health Sciences is a contract research organization that specializes in producing, testing and developing pharmaceutical drugs. PRA’s own Chief Executive Officer Colin Shannon sold 113,133 shares of PRA stock back on...

Washington, D.C.-based Carlyle Group is selling all its remaining shares of Hickory-based CommScope Holding Co., worth more than $650 million. The Carlyle Group announced the sale of 19.7 million shares on Nov. 10 and said the closing is expected to occur around Nov. 16, subject to customary closing conditions. CommScope will not receive any of the proceeds of the sale, underwritten by Morgan Stanley and Jefferies. Prior to this announcement, the company owned 10.2 percent of the wireless and fiber optic solutions company. Earlier this September, the North Carolina Business News Wire reported Carlyle Group’s sale of $300 million worth...

Charles & Colvard Ltd. announced the debut of its new e-commerce website on Oct. 11, according to a Form 8-K filed with the Securities and Exchange Commission. The company, which is based in Research Triangle Park, will also sell a second grade of its Forever One moissanite jewelry on its new website, www.charlesandcolvard.com. “I’m proud to say we’re executing well on the strategy we put in place for 2016,” said CEO Suzanne Miglucci in a statement. “With the launch of our new web presence, products and styles, we continue to deliver on our strategy to help bring moissanite to the...

Raleigh-based Red Hat has filed to sell $368.4 million of common stock to be issued under its employee stock plan, according to a Securities and Exchange Commission Form S-8 filed on Sept. 9. The company is offering 5 million shares as part of its 2016 Employee Stock Purchase Plan. Red Hat currently has 8,800 full-time employees. Founded in 1993, Red Hat is an American multinational software company that provides open-source software products to the enterprise community. Red Hat’s revenue for fiscal year 2015 was $1.79 billion, up 17 percent from $1.5 billion in the previous year. In the three months...

Cree’s chairman, chief executive officer and president received a 11.6 percent increase in total compensation in the company’s 2016 fiscal year due to an increase in stock awards and non-equity incentive plan compensation, according to a Securities and Exchange Commission filing. Charles M. [Chuck] Swoboda’s total compensation for the fiscal year totaled $6.0 million, up from $5.4 million in the company’s 2015 fiscal year. His stock awards increased to $5.0 million in fiscal year 2016, up from $3.6 million in fiscal year 2015. He was also granted a $252,770 non-equity bonus after not receiving any in the previous year....