Ares Commercial Real Estate Corporation said today that it has closed a previously announced deal to acquire Alliant Capital LLC.
Deals
Nokia handset unit sale to Microsoft hammers hedge funds
The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.
The Riverside Company announces acquisition of Rutland Plastics
The Riverside Company announced its purchase of Rutland Plastics for an undisclosed amount. The Riverside Company announced that it had purchased Rutland Plastics.
Kaiima Bio-Agritech receives USD65 million in equity investments
New and old investors provide USD65 million in equity investments to Kaiima Bio-Agritech. Israeli technology company Kaiima Bio-Agritech Ltd is focused on seed and breeding technology.
Japan gov't to build USD470 million 'ice wall' to stop Fukushima leak
The government of Japan proposed today its JPY47 billion or USD473 million 'ice wall' project in the hopes of stopping the leakage of radioactive water from the Fukushima nuclear plant.
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France would start tenders for its hydroelectric power concessions by next year. France said it intended to start tenders for hydropower concessions in the first half of 2014.
The Hillshire Brands Company announced today that it had signed a definitive agreement to acquire Golden Island jerky products.
In an announcement, Actix was acquired by Amdocs for a purchase price of USD120 million. One of the leading providers for customer experience services and systems announced its entry into an agreement to purchase privately held Actix for the price of USD120 million in cash.
Thailand's largest shopping mall developer, Central Pattana, said it would be spending THB 15 billion to expand in Southeast Asia.
While the terms remained private, Estancia purchases a minority stake in Equinoxe. One of the leading private equity funds that focus on global asset management and other related business industries, Estancia Capital Partners LP, recently announced its acquisition of a minority interest in Equinoxe Alternative Investment Services.
The projected bond issue for the Verizon-Vodafone exit deal would exceed the previous high set by Apple.
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.
A termsheet of the Power Finance Corp showed that the Indian firm would conduct a private placement of tax-free bonds in order to raise INR 1.5 billion.
