UK-based security services provider G4S did not want the GBP1.55 billion offer extended by private equity firm Charterhouse Capital Partners.
Deals
Russia's Sovcombank agrees on purchase of local GE Money Bank unit
General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
Israel startup Stratoscale raises USD10 million in investment round
Stratoscale's core product promised to make data center processes more efficent. Two entrepreneurs recently secured a USD10 million investment for its large data center software product.
Airbnb co-founder confirms massive USD200 million round a year ago
Airbnb co-founder and CTO Nate Blecharczyk said the company was not interested in releasing financial information, including its USD200 million investment round held a year ago.
Huishang IPO raises massive USD545 million cornerstone investments from Chow Tai Fook, others
A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
Latest News
Lagardere's statement released on Monday was unclear regarding its rumored exit from pay-television operator Canal+.
A source disclosed to Reuters that a sale of Techpack Solutions Co Ltd could fetch over KRW432 billion or USD407 million.
Sources told the Wall Street Journal that KKR & Co would be pouring in an initial USD100 million in a wireless communications infrastructure project with investment firm Associated Partners LP.
Payfone was able to gather a USD 10 million investment from Early Warning Services. Payfone Inc said it was able to raise USD 10 million from Early Warning Services.
Blackstone Group President Tony James said he won't leave Blackstone despite share sale. Blackstone President Tony James said he was not looking for a career outside of the private equity industry.
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Sources told Reuters that Patton Boggs was talking with another law firm for a possible merger. Sources told Reuters that Washington-based law firm Patton Boggs was in merger discussions with a larger law firm.
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
