Hasting Funds Management bought the entirety of Carmel Capital, including its subsidiary Phoenix Natural Gas.
Deals
New Zealand and Taiwan creates first joint venture capital fund
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
UK services growth exceeds forecasts, proves Britain on its way to economic recovery
For the first time in over six years, activity in the services sector in the UK grew to its fastest pace.
Nine more banks on board for Barclays rights offering
Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.
Ultra Electronics Holdings seeks expansion of non-military biz to fuel growth
Ultra Electronics Holdings announced the expansion of its non-military business to fuel growth as countries' defense spending drops.
Latest News
Investec gave follow-up financing to 2M Group Limited today. Investec Growth and Acquisition Finance handed out a follow-up financing to 2M Group Limited, an existing client who owns Surfachem and Banner Chemicals.
A Thai-based fund manager announced that two leading real estate firms in Thailand plan to raise THB 28 billion or USD 891 million in an initial public offering scheduled by the end of this year.
African Bank Investments announced it would sell its retail furniture business to strengthen its balance sheet hit by slow demand and increasing bad loans.
The General Administration of Quality Supervision, Inspection and Quarantine announced that BMW Brilliance Automotive Ltd will recall 143,215 vehicles for electric power steering system problems.
The Children's Investment Fund demanded European Aeronautic Defence and Space Company to sell the 46% stake the latter holds in Dassault Aviation.
AXA Private Equity, NTT Communications, and Arkadin International have agreed on NTT Communications' acquisition of a majority stake in Arkadin.
EMIS Group announced that it had acquired Digital Healthcare Limited for GBP3.1 million. The EMIS Group's board of directors announced it had acquired Digital Healthcare Limited.
The Nigerian federal government created a committee to enhance both private equity and venture capital investments across the country.
A KKR executive revealed that his firm was keen on investing in structured debt and mezzanine deals in Australia.
