Dorel Industries and Trek Bicycle Corp acquired Tour de France teams amidst doping scandals. Trek Bicycle Corp and Dorel Industries Inc. announced that they are investing in Tour de France teams amidst doping scandals.
Deals
OUE said to accumulate US $476 million in IPO
The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
I Squared Capital looking to raise US$2 billion
I Squared Capital opened a US$2 billion fund which will be used to invest in energy, utilities and transportation.
Allstate Corp sells insurance business to Resolution Life Holdings
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank buys the Great Florida Bank
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
Latest News
CPFL Renováveis announced the closing and completion of their US$459.49 million public offering. CPFL Energias Renováveis SA announced the completion of their public offering.
The intellectual asset management provider gets a significant investment from Insight but the agreement’s terms were not fully disclosed.
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
Private equity firms, Providence Equity Partners and ChrysCapital, reported that it may exit Idea Cellular and HCL Technologies respectively in the near future.
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
McGraw-Hill Education acquired minority ownership share in Tata McGraw-Hill Education Private Limited originally held by two Tata charitable trusts.
The following bids, mergers, acquisitions and disposals were reported by on Wednesday. The following bids, mergers, acquisitions and disposals were reported by on Wednesday.
The apps developer Xamarin gets US $16 million funding, which it intends to use for its exponential growth.
On-Ramp wireless gets additional US $15 million funding from both new and existing investors, On-Ramp Wireless obtained additional US $15 million after its series C funding.
