Alco Store and Argonne Capital Group revealed that the private equity firm have offered to acquire the retail chain company for US$47 million.
Deals
CBS set to buyback US$5.1 billion worth of stocks
Media leader, CBS Corp, said that they are set to buyback US$5.1 billion worth of shares CBS Corp announced that that its board of directors approved the repurchase of US$5.
KKR Group may have to salvage US$48 billion TXU investment with junior bonds
KKR & Co. and TPG may have to rely on US$1.48 billion junior bonds to offset failing TXU investment.
XL Group partners with Stone Point to form Bermuda investment arm
XL Group and Stone Point Capital joins forces and resources for new investment management unit. XL Group and Stone Point Capital LLC announced the finalization of their new Bermuda-based investment management company for insurance-linked securities and other reinsurance capital market products on Thursday.
Medina Capital injects a further US$10 million into Catbird
Catbird and Medina Capital announced that the private equity firm had invested US$10 million into the Catbird.
Latest News
Rapid Pathogen Screening revealed that it had collected US$6.25 million from Mallitz Investment Group.
Distressed debt investor, Oaktree Capital Group said that they hired Goldman Sachs Group to look for a buyer for Tekni-Plex.
Nakumatt Holdings announced that they are in talks with foreign equity investors. Nakumatt Holdings Ltd announced that they are in talks to sell close to 25% of its shares to investors abroad.
Generac Holdings purchases Tower Light in line with global expansion goals. Generator manufacturer Generac Holdings Inc. announced the finalization of a purchase deal with Ambienta I for the acquisition of Tower Light Srl and its wholly-owned subsidiaries earlier today.
Publisher Axel Springer signs a deal with Funke for printed media following announcement to go completely digital.
United Petroleum announced that they are considering offers for possible acquisition or joint venture deals.
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
Aston Martin announces collaboration with Daimler for new engine production. Global luxury carmaker Aston Martin announced on Thursday that it is planning to sign a deal with Daimler's Mercedes-AMG GmbH unit for the release of a new line of bespoke v8 engines.
