Singaporean investment firm Temasek divested its holdings in US-listed companies Facebook, Monsanto and Air Products & Chemicals. The private equity firm, however, remains focused on energy, healthcare and technology stocks in the US.
Deals
Prime retail space demand seen after closing of Blockbuster
Small business franchises had been scurrying up to acquire Blockbuster's last 300 stores for its prime retail location, high visibility and access to great parking.
Japan to reconstitute massive pension fund as separate entity - report
According to sources who were familiar with the proceedings, the government of Japan will be making the USD1.2 trillion Government Pension Investment Fund (GPIF) exist as a separate entity in order to diversify its investments.
Venture capitalists turn to seed investing - report
A report by the coordinated efforts of MoneyTree, PricewaterhouseCoopers and the National Venture Capital Association indicated an increased activity in seed investments in venture capitalists.
Private equity, hedge fund firms seizes opportunities on crumbling infrastructure
Private equity and hedge fund firms had set their sights on placing bets in infrastructure projects, stalled government transportation projects like railways and ports in particular.
Latest News
Dell president and chief commercial officer Steve Felice will be leaving the company barely a month after it was acquired by Dell CEO Michael Dell and private equity firm Silver Lake.
Private equity firm Vista Equity Partners has acquired event software company Active Network. The deal amounted to around USD1 billion with Active Network selling 57 million shares priced at USD14.50 apiece.
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.
Debuts of Infinis Energy, Just Retirement and TCS Group on the London Stock Exchange were less than outstanding, according to a report by The Independent.
The CDC Group, the development finance institution of the UK government, will be pouring more investments in India despite the sluggish economy, delayed reforms and a competitive private equity market.
Bermuda-based life insurer Wilton Re Holdings is scouting for investment banks to advise it on its possible sale or initial public offering next year. Wilton Re has received a total fund of USD1.5 billion from private equity firms.
Chinese institutional investors' outbound investment in real estate will continue to increase next year as buying opportunities emerge in the United States and Europe and international financial institutions dispose of their property assets.
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
American tire company Cooper Tires & Rubber Co. seeks to obtain a Supreme Court ruling forcing India's Apollo Tyres to complete the merger. The USD2.3 billion deal would make Apollo the seventh-biggest tire maker in the world.
