Commerzbank is selling off its property loans unit to Lone Star and Wells Fargo Bank. Commerzbank is in deep discussion to negotiation the divestment of the bulk of its Eur5.
Deals
ICTSI Announces Secondary Stock Offer
ICTSI announces secondary stock offer to Philippine market. International Container Terminal Services Inc, a port operator based in the Philippines, announced that it was seeking to raise US$200 million through a secondary stock offering.
Brazil's MEI SA to Do Share Buyback
Brazil's MEI SA will undertake share buyback a month after it floated shares on the market. Multiplan Empreendimentos Imobilarios SA, the renowned Brazilian mall operator, has announced that it would be repurchasing about 3.
CVC Credit Partners to List Credit Fund in London Stock Exchange
CVC Credit would list CVC Credit Partners European Opportunities Ltd in the London Stock Exchange. Private equity firm the CVC Group is planning to raise Eur300 million or US$389 million from investors through flotation of one of its credit funds.
Catalyst Buys Shares in Ethopia’s Yes Brands
Catalyst Principal Partners invests in Yes Brands of Ethiopia. The East African-focused private equity firm, Catalyst Principal Partners pronounced today its purchase of a 50% shares in the Ethiopia’s Yes Brands Food & Beverage.
Latest News
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Navis invests in TES Envirocorp. Southeast Asian private equity firm, Navis Capital Partners, has concluded its investment into TES-Enivirocorp, an electronic waste or e-waste division leader based in Singapore but known globally.
Lanx Inc Concludes Series C funding by raising US$15 million. The privately held world renowned spine company, Lanx, Inc. disclosed today the conclusion of its Series C equity financing round by raising US$15 million.
CVC and Betfair conclude discussions after second offer is rejected by Betfair board. According Reuters, CVC Capital Partners and Betfair have concluded their discussion regarding a takeover after the private equity firm advised Betfair that it would no longer make a third revision on their offer for the gambling company.
Polaris Private Equity acquires HTC Sweden for an undisclosed price. The leading Danish/Swedish investor in middle market private equity deals, Polaris Private Equity has acquired the world creator and maker of systems for professional floor grinding and floor solutions, HTC Sweden AB.
NewWave Communications purchased by Rural Broadband and GTCR. In an announcement today by GTCR, it disclosed its acquisition of NewWave Communications from Pamlico Capital.
Synalit Milk is now preparing for a possible IPO to fund its expansion plans in China. New Zealand dairy company Synlait Milk Ltd is planning to conduct an initial public offer of shares to fund its expansion plans into the booming infant formula market in China.
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
Wheelz's purchase by Relay Rides merges into the largest peer to peer car sharing marketplace. RelayRides announced today its acquisition of Wheelz, a peer to peer car sharing policy.
