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Exits

BlackBerry

BlackBerry to sell off majority of its real estate holdings in Canada

Smartphone pioneer BlackBerry Ltd announced its intention to divest most of its real estate holdings in Canada through sale-leaseback and vacant asset sales in an effort to turnaround its fortunes.

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Outbox

US mail startup Outbox shuts down mail digitizing service

San Francisco, US-based mail startup Outbox is shutting down its mail digitizing service because of low count of paying customers signing up for it, and will instead focus on a new yet-undisclosed product.

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Bharat Forge

Indian firm LIC cuts stake in Bharat Forge

Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.

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Heemskirk Consolidated

Australian miner Heemskirk inks deal to sell Canada plant in C$12M deal

Australia-based mining firm Heemskirk Consolidated inked a deal with Marquis Alliance Energy Group to sell its mineral plant in Canada for C$12 million as part of its startegy to focus on developing its Moberly facility.

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Infosys

Board member of Indian firm Infosys exits shares worth INR7.46 crore

Srinath Batni, a member of the Board of Directors of India-based IT services provider Infosys, sold 20,000 company shares for INR7.46 crore at the Bombay Stock Exchange (BSE).

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Nintendo Co

Nintendo Co under pressure to exit hardware business, after Wii U disappoints

As Nintendo's sales of Wii U flopped, Japanese video game machines maker Nintendo Co is under pressure to think about abandoning its hardware operations, Bloomberg reported.

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Miller's Ale House

Private equity-owned Miller's Ale House chain withdraws deal from Pittsburgh's SouthSide Works

Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.

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Actavis

Dublin-based Actavis Plc to divest some Western European operations to India's Aurobindo Pharma Ltd

India-based Aurobindo Pharma Ltd will be purchasing the generic drug operations of Dublin-based Actavis in seven countries in Western Europe in a deal worth around €30 million, Bloomberg reported.

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Controladora Comercial Mexicana

Mexico's Supermarket operator in talks for possible sale of its business

Mexico-based supermarket operator Controladora Comercial Mexicana SAB said it has conducted talks with possible acquirers, both foreign and local, for the sale of its business, Bloomberg reported.

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Haier Electronics Group Ltd

Carlyle to sell $290M stake in Hong Kong's Haier Electronics -IFR

Washington, US-based private equity firm Carlyle Group plans to raise $290 million by selling 100 million shares in Hong Kong-based home appliance maker Haier Electronics Group Ltd, according to IFR.

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ProSiebenSat.1 Media AG

KKR and Permira exit $1.7B stake in Germany's ProSiebenSat.1

Private equity firms KKR & Co and Permira Advisers exited a 16.6% holding in German commercial broadcaster ProSiebenSat.1 Media AG (PSM)in a deal valued at around €1.26 billion ($1.7 billion).

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Caixabank

Spain's Caixabank to sell down BME stake

Spanish banking firm Caixabank announced on Thursday that it is planning to sell down its 5% interest in stock market operator Bolsas y Mercados Españoles at €29.60 to €30.75 per share.

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Tyco International

Tyco International Ltd narrows list of potential private equity acquirers for Caps Co- sources

Tyco International Ltd has shortlisted the list of private equity firms interested in acquiring the industrial conglomerate's South Korean unit, according to sources interviewed by The Wall Street Journal.

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Cerberus Capital Management LP

Cerberus to exit stake in Japan's Kokusai Kogyo for at least $1.25B -sources

New York, US-based private equity firm Cerberus Capital Management LP decided to exit its entire majority interest in Japan-based property operator Kokusai Kogyo Co in a deal valued between $1.25 billion to $1.34 billion.

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Aveo Group

Australia's Aveo eyes $500M asset divestments in 2014 -sources

Australia-based property and aged-care developer Aveo Group is planning to sell about $500 million worth of residential and office assets this year in a bid to become

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