Private equity firms Headway Capital Partners and Committed Advisors issued a statement that they would be backing the spin-off of Loudwater Trust's portfolio.
Deals
Sources: J&J puts clinical diagnostics unit on sale
Johnson & Johnson had launched a sale process for its Ortho Clinical Diagnostics unit valued at USD5 billion.
Private equity firms offered USD150 million bid for Miclyn
CHAMP Marlin Holdings and SEA6 Limited offered a total of USD150 million takeover bid for the remaining 25% stake it does not own in Miclyn Express.
Shareholder sues Verizon over USD130 billion Vodafone deal
Natalie Gordon, a shareholder at Verizon Communications filed a lawsuit against the company claiming that the deal with Vodafone Group Plc was overpriced.
Protein Bar nearing USD22 million private equity deal
Protein Bar had reached late stages talks with private equity firm Catterton Partners over a deal priced USD22 million.
Latest News
Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
European retailers had been looking to get more profit through online food businesses as the grocery segment make up around 40% of retail sales.
Creative ad platform operator Boost Media Inc. raised USD8 million in seed funding to improve its creative ad platform BoostCTR.
Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.
Finnish modern design house Artek sold its business to Swiss design firm Vitra. Alvar Aalto-founded Finnish modern design house was sold to Swiss firm Vitra.
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank. The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
The sale of SAME Deutz-Fahr's stake in Deutz AG caused the latter's stock to drop. The sale of SAME (Società Accomandita Motori Endotermici) Deutz-Fahr's stake in Deutz AG caused the latter's value to plunge.
Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.
