Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
Deals
IBT Media acquires Newsweek
IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
Hellman & Friedman agrees to purchase insurance company Hub International
Hellman & Friedman agreed to acquire Hub International Inc., an insurance company based in Chicago. San Francisco-based Hellman & Friedman agreed to acquire Hub International Inc.
Cyber Security firm ThetaRay bags investment from General Electric
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Brazos Private Equity Partners acquires Southern Tide
Brazos Private Equity Partners announced its partnership with Southern Tide, a growing lifestyle brand.
Latest News
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
For the first time in over six years, activity in the services sector in the UK grew to its fastest pace.
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 announced the expansion of its non-military business to fuel growth as countries' defense spending drops.
Rotunda Capital announced its exit from Worldwide Express today. Mid-market private equity firm Rotunda Capital Partners announced its exit from Worldwide Express today.
iPhone recently introduced a new app that connects bike owners with those seeking to rent them. iPhone recently introduced a new app that connects bike owners with those seeking to rent them.
Hasting Funds Management bought the entirety of Carmel Capital, including its subsidiary Phoenix Natural Gas.
