Today's Headlines

PRIVATE EQUITY » Carlyle's Financial Services Head Is Said to Resign Olivier Sarkozy, Carlyle's head of financial services and the half-brother of the former French president Nicolas Sarkozy, has resigned, but will continue as a senior adviser, Bloomberg reports, citing people with knowledge of the move. BLOOMBERG I.P.O./OFFERINGS » Philips Lighting Valued at $3.3 Billion in I.P.O. Philips, the Dutch electronics giant, announced plans in 2014 to spin off the lighting business as it focuses on health care and technology. NYT » Communications Start-Up Files for I.P.O. Twilio, the communications start-up based in San Francisco, is the first private company valued by venture capitalists at $1 billion to file for an initial public offering since the data storage hardware vendor Nutanix filed in December. THE WALL STREET JOURNAL VENTURE CAPITAL » Snapchat Raises $1.8 Billion From Private InvestorsOver the last year, investors like Alibaba have bought stakes in Snapchat. Alibaba agreed to invest $200 million at a valuation of $15 billion. NYT » Vitamins Join the 'Clean Label' Bandwagon Ritual, a start-up, is introducing a multivitamin that is vegan, mostly free of genetically engineered ingredients and tailored to today's diets. NYT » LEGAL/REGULATORY » Brendan McGuire, Prosecutor in Terrorism Cases, to Join Private Law Firm Mr. McGuire, who spent a decade in the United States attorney's office for the Southern District of New York, will become a partner at WilmerHale. NYT » Redstone's Great-Grandchildren Added to Suit The children were added because they are among the beneficiaries of the trust that will control his empire after he dies or is declared incompetent. NYT » | A COMPLICATED LEGAL BATTLE OVER SUMNER REDSTONE'S MENTAL ACUITY French Tax Officials Turn Hungry Eye to McDonald'sFrance, seeking to crack down on tax avoidance by American multinational corporations, raided McDonald's offices last week, the company confirmed. NYT » Theranos Faces Another Class-Action Lawsuit The second suit accuses Theranos of breaching its contract with customers and false advertising. THE VERGE United States Firm Files Class Action Against Brazilian Steelmaker Gerdau, based in Porto Alegre, is the latest Brazilian company with shares traded in the United States to face a lawsuit over securities fraud as a result of Brazilian corruption investigations. REUTERS Malaysia's Investigation of 1MDB Said to Be Flawed Investigations ordered by Malaysia's leader into graft allegations at the state-development fund 1MDB have been undermined by political pressure and a lack of transparency, The Wall Street Journal reports, citing documents and interviews with people involved. THE WALL STREET JOURNAL