Fondul Proprietatea on Thursday said it has put up for sale its 15% stake in state-owned gas grid operator Transgaz SA. The Romanian restitution fund raised RON303.5 million in its exit deal.
Deals
IPOs oversease do not work long-term as people buy domestic - TVM Capital MENA chief
TVM Capital MENA chairman and chief executive officer Dr Helmut Schuehsler offered words of caution to companies in the Gulf region who decides to get listed on foreign exchanges.
Russian Wealth Fund announces joint venture with Barings in coal private equity deal
The Russian Direct Investment Fund announced today its joint venture with Baring Vostok Private Equity Fund V to invest in a coking coal business Tigers Realm Coal Limited.
Dufry acquires remaining stake in Hellenic Duty Free for €328 million
Switzerland's Dufry is reportedly purchasing the remaining 49% stake in Greek travel retailer Hellenic Duty Free for €328 million. Dufry bought a controlling stake in HDF for €200.5 million last year.
Israel's Frutarom acquires American flavorings company Hagelin for $52.4 million
United States' Hagelin & Co. has been sold to Israeli flavorings and specialty ingredients firm Frutarom Industries for $52.4 million. Frutarom finance the deal through a short-term bank loan.
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China-based professional laser equipment manufacturer Han's Laser Technology Co bought Israel-based Nextec Technologies in its effort for expansion amid slow growth in the Chinese laser measurement devices market.
Dutch broadband provider Ziggo said it is in talks with billionaire John Malone's cable firm Liberty Global for a possible offer, sources had told Bloomberg.
New York-based Bitcoin fund Bitcoin Investment Trust has raised around $65 million in virtual currency after just two months in operation, according to the fund's founder.
GMR Infrastructure Ltd. has began the process for the $300-$350 million initial public offering it is planing for its airport business. It has reportedly tapped Citigroup, JPMorgan, Axis Capital and Infrastructure Development Finance Company to manage the listing.
Bloomberg Television said has forged a partnership with privately-held firm Encorp Group Sdn Bhd to establish the first business news channel in Malaysia next year.
Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.
German frozen food products supplier Hofmann Menu Manufaktur has been sold to Switzerland-based private equity firm Partners Group AG. Financial terms of the deal, however, remains unknown.
Bangalore-based big data startup Spire Technogies reportedly secured $8 million in a Series A funding round to help its clients manage talent to expand into Asia and the US.
The earnings of Men's Wearhouse Inc for the fiscal third had beaten analysts' estimates, driven by an increase in sales. The retailer turned the tables on Jos. A. Bank Clothiers with its own buyout offer after rejecting the smaller rival's earlier bid.
