Billionaire Philip Falcone agreed to a five year ban in the securities industry and admits wrongdoing in the allegations filed by the US Securities and Exchange Commission.
Firm Management
TT electronics plans GBP 100 million spending for bolt-on purchases
TT electronics said it intends to spend up to GBP 100 million for bolt-on acquisitions. UK-based electronics group TT electronics Plc revealed its plan to acquire bolt-on firms for its combined industrial sensing and control units.
Ethos Private Equity Company Planning to Sell Alexander Forbes Stake
One of the largest South African buyout firms, Ethos Private Ltd, is planning to sell its stakes to Alexander Forbes, Africa's largest retirement-fund administrator.
Deutsche Wohnen launches USD 2.34 billion bid for GSW Immobilien
Property developer Deutsche Wohnen launched an all-share bid worth USD 2.34 billion for competitor GSW Immobilien.
Fiat renews cooperation alliance with Brazilian Bank
Fiat announced the renewal of its cooperation agreement with Brazilian bank Itau Unibanco. Fiat (acronym for Fabbrica Italiana Automobili Torino) renewed its commercial cooperation agreement with Itau Unibanco.
Latest News
Wang Jianlin, China's property mogul and also the wealthiest person in the country, said that he would increase his property holdings by 88% in 2014 and would expand overseas acquisitions.
Infosys, the largest software services exporter in India appointed three new members on its executive council.
CarProof sold a minority share to Hellman & Friedman, a leading private equity firm based in San Francisco.
360pi got a USD4.1 million partnership with Silverton Partners, a Texas-based company. 360pi retail price giant announce publicly that the company has sealed the deal with Silverton Partners, a Texas-based company.
Azul Linhas announced cancellation of its intended initial public offering (IPO) which was previously announced last May 27.
HgCapital buys E-conomic, an online accounting company for SMEs. Hg Capital revealed on Monday its purchase of e-conomic, a large-scale European leading SaaS (Software as a Service) accounting unit for small and medium enterprises (SMEs).
Former Lloyds Banking Group Plc executive Andrew Geczy was appointed as new Head to the International and Institutional Banking division.
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
According to sources, Lloyds Banking Group has prepared the sale of Heidelberger Leben to Hannover RE, following disposals of other businesses in the overseas market.
