The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
Archives
Sunstone Hotel Purchases Boston Park Plaza
Sunstone Hotel purchases the iconic Boston Park Plaza for US$250 million. Sunstone Hotel Investors Inc has entered into an agreement to purchase the Boston Park Plaza Hotel and Towers.
Australia's Wireless Spectrum Bought
Three major companies have purchased spectrum from Australia's regulator. Australia's wireless spectrum has been sold off to the consortium of Telstra Corp, Singapore Telecommunications Ltd's Optus unit and TPG Telecom Ltd.
Hochtief Sells off Airport Management Division
Hochtief AG is returning to its construction roots by the sale of its airport management division. Hochtief AG has entered into an agreement to sell its airport division to the Public Sector Pension Investment Board of Canada.
CMIA to Invest in China Agricultural Firms
CMIA to invest in China agricultural businesses and industries through its US$150 million fund. Former bankers at Cargill Inc and HSBC Holdings are now running CMIA Capital Partners Pte.
Latest News
Hertz's private equity shareholders sell of interest. In an announcement, Hertz Global Holdings Inc said that private equity firms of Clayton, Dubilier & Rice, the Carlyle Group and the Bank of America Merrill Lynch have exited their ownership in the company.
For the third straight time, Buffet's Berkshire Hathaway has sold off Moody's shares. In another surprising move, Warren Buffett's Berkshire Hathaway has sold another 1.
Clustrix raised US$16.5 million from investors totalling US$46.5 million overall. On Monday, Clustrix announced the recently concluded funding round that was able to raise an estimated amount of US$16.
Flexitallic, the sealing product specialist has been acquired by international private equity firm Bridgeport.
Fsstback Networks completes its Series B Financing raising US$15 million for the company. In an announcement, Fastback Networks said that it has closed its US$15 million Series B financing.
Onex, in a bid to expand its watch and buy segment, purchases Nielsen Expositions from its parent firm.
TallGrass Energy IPO to be done with an expectation of revenues amounting to US$300 million. About US$300 million is expected to be raised by Tallgrass Energy Partners LP from its initial public offer.
Tableau Software would undertake an IPO with an expected value of US$215.3 million. Tableau Software, the data analysis software programmer, announced that its initial public offer price would be pegged between US$24 and US$26 per share totalling US$215.
William Lyon Homes to do IPO expecting share price between US$22 and US$24 per share. An initial public offer for William Lyon Homes is expected to fetch a price per share between US$22 and US$24 totalling US$209 million.
