FIT's management buyout plan supported by FF&P Private Equity and acquirer EEMG. The private equity arm of Fleming Family and Partners, FF&P Private Equity has supported the buy-in management buyout of FIT, the specialist energy efficiency business.
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Veeva System to do IPO
Veeva System to list IPO with the help of Morgan Stanley and Deutsche Bank AG. Software company, Veeva Systems, is planning to undertake an initial public offer of its shares.
Vivendi Chairman Steadfast in Strategic Plan
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
Judge Clears Way for Empire State Building REIT
Judge rules the share-buyout provision in the offer is not violative of the law. In a ruling, a New York judge set aside a potential obstacle to sell the Empire State Building as part of an REIT IPO.
Shutterfly Buys MyPublisher
Shutterfly purchases and acquires MyPublisher. In an announcement calling the recent move as 'best in class', Shutterfly CEO Jeffrey Housenbold said that when MyPublisher is used with Shutterfly's cloud based system, the platform would 'set the standard for design, choice and quality in the personal publishing and social expression category.
Latest News
Aepona bought out by Intel Aepona, a cloud-based network solutions company, has been acquired by Intel. Amadeus Capital Partners is the biggest venture financier of Aepona.
Resource Capital lands US$44 million loan. Resource Capital Corp announced today that it was able to close a US$44 million bridge loan. The loan was attained by using the 186,000 square foot grocery anchored shopping mall in Los Angeles, California as collateral.
Genesis Angels was established by Moshe Hogeg with former Israeli PM Ehud Olmert and Kazakh industrialist Kengers Rakishev.
Heinz shareholders approve Berkshire Hathaway-3G Capital buyout bid. Heinz is nearing total privatization. In an announcement, Heinz shareholders approved the acquisition by Berkshire Hathaway and 3G Capital.
Liberty Global purchase shares in cable television rival Ziggo. Liberty Global, the American cable giant, has sought to purchase more shares to increase its stake in its Dutch rival Ziggo from 12.
Generali has confirmed the ownership shares of Blackrock at 2.841%. The globe's largest money manager, Blackrock has been confirmed by the Generali chairman as to own 2.
Surgutneftgas announces US$29 billion cash pile amidst a tangled web of financial reporting information.
Unicredit seeks to buy back Eur4.24 billion to lessen debt in the next five years. Unicredit has purchased senior notes worth Eur4. 24 billion or US$5.
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
