An estimated USD50.9 billion in investments by private and community foundations was made, according to a Foundation Center report on 2011 financial data.
Deals
Poundland considers IPO next year- sources
Sources told Reuters that British retailer Poundland was considering going public next year. Sources told Reuters that Poundlad was mulling an initial public offering (IPO) in the first half of 2014.
Mobility gets creditor protection as it prepares for buyout
Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.
Adveq closes Secondaries II fund with USD 175 million
Adveq closed its Adveq Secondaries II fund at its hard cap of USD 175 million. Adveq announced the close of its Adveq Secondaries II fund with USD 175 million.
Tribeca to acquire GBP 130 million worth of Mayfair real estate- sources
Sources told Bloomberg that Tribeca Holdings would be buying prime real estate in London's Mayfair district valued at GBP 130 million.
Latest News
On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.
Telecoms group SoftBank Corp founder Masayoshi Son was said to have purchased Tiffany Building for USD326 million, according to people who were familiar with the transaction.
Cooper Tire & Rubber Co shareholders voted in favor of the proposed merger with Apollo Tyres Ltd yesterday, according to a Bloomberg report.
Morgan Stanley and the Royal Bank of Canada were appointed to help SNC-Lavalin Group Inc. sell an equity stake in AltaLink, according to a Bloomberg report.
Mick Davis, a former executive in Xstrata Plc had raised USD1 billion from Noble Group and TPG, said a Bloomberg report.
Mercator had appointed BMO Capital Markets to lead a potential sale of the company after sales slumped, said a Bloomberg report.
According to a Bloomberg report, Brookfield Property intends to acquire the stake it doesn't own in Brookfield Office to consolidate both firms as one.
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
