Suntech, in a bid to trim its debt, it would be selling off its Italian assets and shareholdings. A company spokesman said that Suntech Power Holdings Co.
Deals
Property Spin-Off from Brookfield Management Completed
Brookfield Management spin off completed through share dividends. In an announcement today, Brookfield Asset Management Inc disclosed that the spin-off of Brookfield Property Partners L.
Pre-packaged Bankruptcy Proposed by Energy Future
Energy Future Holdings has proposed a bankruptcy plan to manage the company's debt. Formerly known as TXU Corp, Energy Future Holdings has presented a pre-formatted bankruptcy case that would restructure its debt of $32 billion but no agreements have been finalized according to the company last Monday.
Haltermann has acquired Petrochem Carless Holdings
Haltermann, HIG Europe's unit, has acquired PCL for a new firm. The European arm of private equity firm HIG Capital, HIG Europe, has announced that one of its portfolio companies, Haltermann Holding GmbH had acquired Petrochem Carless Holdings Ltd.
Pine Tree Equity Closes Fund III
Pine Tree raises nearly US$100 million in new capital funding. The Miami, Florida based private equity firm Pine Tree Equity III, LP disclosed to the public that it was able to close a US$100 million third private investment fund in April 2013.
Latest News
Panasonic of Japan is selling part of its shareholdings in its healthcare unit for expansion plans. Panasonic Corp of Japan has engaged the services of Bank of America Merrill Lynch in order to sell a part of its healthcare subsidiary, The deal could raise as much as US$1 billion for the electronics company, according to two sources familiar with the transaction who spoke on condition of anonymity.
China interested in purchasing the ConocoPhillips share in the Kashagan oil field in Kazakhstan. China has indicated an interest in purchasing a stake in US oil company ConocoPhillips in a multinational consortium aiming to develop Kazakhstan's Kashagan oil field.
Prospect Partners invests in Velocity Aerospace Group. A leading private equity firm focused on smaller lower to middle market companies, Prospect Partners, had announced that it has placed an investment with Velocity Aerospace Group Inc.
Tengram Capital Partners has raised US$173 million in commitments, more than its original US$150 million target.
China conditionally approves Glencore-Xstrata merger. The merger plan of Glencore and Xstrata cleared its final hurdle when the Ministry of Commerce of China backed the deal's completion.
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
Agila Biotech and Pfenex Inc enter into a joint venture for development of multiple sclerosis drug development.
Vintage Capital prices Anaren shares at US$23 per share in its purchase offer. Vintage Capital Group LLC, the investment firm has offered to purchase Anaren Inc for the price of US$23 per share.
Biosev SA, to ease concerns about Brazil's equity market, offers a money back guarantee for its IPO.
