The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.
Deals
Majid Al Futtaim sets max deal volume for hybrid bond
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
Bromium raises USD40 million in Series C investment round
Bromium's oversubscribed Series C funding round had raised USD40 million. Bromium, whose micro virtual machine technology assisted IT administrators in trapping malware, raised USD40 million in investment capital.
Citadel Capital increases capitalization through share issue
The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Easy Taxi app receives USD7 million from Rocket Internet-iMENA consortium
A Rocket Internet and iMENA Holding consortium would be marketing mobile app Easy Taxi to North Africa and the Middle East.
Latest News
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Billionaire investor Carl Icahn cashed in part of his ownership stake in video streaming company Netflix Inc.
Sources disclosed to Reuters that Cerberus Capital Management LP and other buyout firms were interested in acquiring Safeway Inc.
With the increasing competition from both high-end and mass retailers, US mainstream grocery chains had been selling off business units to private equity firms.
Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.
A share buyback worth USD1.9 billion was agreed upon between Corning and Samsung for the joint venture Samsung Corning Precision Materials Co.
