Avnet Inc. publicized that it entered an agreement to purchase the European distributor, MSC Investoren GmbH.
Deals
Britain Hopes to Breathe New Life Into ‘Tech City’
Future Fifty hopes to encourage start up companies in UK to expand globally and be at par with Google and Amazon.
LVMH Buys Majority Stake of Italy’s Premiere Cashmere Maker
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Advantage Insurance Taps GSO of Blackstone Group for Portfolio Advice
Advantage Insurance enlists the help of GSO Capital Partners, a Blackstone Group affiliate, as its portfolio advisor.
Sun Capital Affiliate Acquires American Food Chain Johnny Rockets
Friendly's Ice Cream LLC takes over the American-themed company, which has over 300 corporate and franchises.
Latest News
Allergan Inc became US$9.6 billion cheaper for acquirers who would want to purchase the Botox wrinkle treatment.
Citigroup's private equity firm, Citi Venture Capital International would buy India's Sansera Engineering for US$56 million.
Signal Hill sponsors Boston-based Launchpad Venture Group. In an announcement today, investment bank Signal Hill said that it became a major sponsor of Launchpad Venture Group.
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa. Companies from the United Kingdom have made the most investments in mergers and acquisitions in the African continent within the last 10 years, according to a study made by Freshfields Bruckhaus Deringer.
Data Device Corporation, Behrman Capital's unit, bought National Hybrid Inc. from API Technologies Corp. for US$32.5 million.
Japanese company Olympus offers its stock, both new and existing, to overseas markets to raise funds for research and debt payment.
Trustees will gain control over Ma' ariv if Shlomo Ben-Tzvi decides to stop backing the newspaper.
According to J.P. Morgan, Dubai Holding could earn about US$1 billion by selling its minority shares in two telecom firms.
The United States' wealthiest universities are eyeing Africa as their latest investment nest. Several of the United States' most profitable universities are looking towards the other side of the world to acquire outsized investment returns for scholarship funding.
