Torq Energy Logistics, an affiliate of privately held Torq Transloading Inc, said on Tuesday that private equity firm KKR & Co has agreed to invest C$250 million ($236 million) to fund Torq's capital program and acquisition strategy.
Deals
Italian startup AdEspresso secures $500K seed funding to optimize Facebook ads for SMBs
Italian spin-off AdEspresso raised $500,000 in seed funding from institutional and angel investors, for its Facebook ad optimization service for small and medium businesses (SMBs).
India's Spencer's Retail mulls IPO
India-based supermarket operator is thinking of holding an initial public offering when the privately-held chain will draw near its first profit, a Bloomberg report said.
Dubai's Dubai Islamic Bank approves foreign ownership increase to 25 pct
Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.
Unipol receives offer for $2 bln insurance business up for sale
Italian insurer Unipol said it had received an offer to buy the insurance business with 1.7 billion euros ($2.3 billion) worth of premiums which it must sell to meet conditions set by the local competition watchdog to clear its merger with peer Fondiaria-SAI.
Latest News
Indonesia announced on Tuesday it will allow increased levels of foreign investment in the country's airports, power plants, toll roads, and pharmaceutical industries as part of government efforts to boost the slowing economy.
Brazil-based iron ore miner Vale agreed to sell a stake in logistics company VLI SA to Canadian firm Brookfield Asset Management in a deal valued at BRL2 billion ($842.78 million).
Blackstone Group LP-backed hotel chain La Quinta Holdings Inc confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission under the Jumpstart Our Business Startups (JOBS) Act.
Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life, becoming the latest foreign asset manager to quit India.
As part of its goal to offload non-core assets, Australia-based food company Goodman Fielder had sold its biscuit business at a loss to Green's Foods in a deal valued at $17 million.
Chicago-based media firm Tribune has entered an agreement to purchase Gracenote, the California-based music data unit of Japanese conglomerate Sony in a deal valued at $170 million, according to a statement by Tribune.
Tech giant Apple Inc have quietly acquired Silicon Valley's note-taking startup Catch and New Hampshire's digital mapping firm BroadMap a few months back, according to 9to5Mac.
Lond-based private equity firm CapVest has bought Scandza, a Nordic consumer food and beverage firm for an undisclosed amount. Jan Bodd and Stig Sunde, who founded Scandza in 2007 will still lead the company.
Coal & Oil Group based in Dubai said it has secured $250 million for the completion of its 1,200 megawatt power plant called the Mutiara Thermal Power Plant in Tamil Nadu, India.
