JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.
Deals
Government-owned Chinese developer to invest US $1 bln in L.A. project
Shanghai Greenland Group Co. announced its acquisition of a stake in a project by L.A.-based pension fund California State Teachers’ Retirement System.
ITC Ltd to invest US $4.4 billion for hotel expansion
The Kolkata-based company is set to invest US $4.4 billion for a business venture on hotels. ITC Ltd is planning to invest US $4. 4 billion (INR 260 billion) to expand its business interests into the hotel industry.
Graphite Capital and Hawksmoor agree on a buyout
Private equity firm Graphite Capital and Hawskmoor chain of steakhouse enter into an agreement regarding a buyout valued at US $62 million.
NYC Pensions commits US$1 billion to Apollo, CVC
New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.
Latest News
Publicis Groupe SA and Omnicom Group are paving the way for the advertising industry's biggest joint venture.
Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.
The French conglomerate’s efforts to revamp its diversified portfolio begins with the sale of its stake in Activision Blizzard worth US $8.2 billion.
China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Handy Hardware gets help from Littlejohn & Co. as the private equity firm takes the reins of the company's acquisition and refinancing.
Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
