Singapore Telecommunications, along with Amdocs, a software provider for telecoms, have opened a new development center in Israel in addition to similar centers in Singapore and Boston.
Industry
Private Equity Firms Make 2nd Round Bids for Armacell Buyout
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
G4S to Sell U.S. Government Business Unit
Security firm G4S has decided to sell its government business unit in the U.S. as the country struggles from budget cuts.
Owners to Sell HD Supply Through IPO
Owners of HD Supply are expected to sell the industrial distribution company in a proposed IPO as it reports significant improvement since financial crises.
Buyout and Venture Capital Deals in Latin America Hit 5-Year High
New York-based Latin American Private Equity and Venture Capital Association disclosed that buyout and venture capital firms spent $7.9 billion on acquisition activities in Latin America last year as they benefited from fundraising to gain capital.
Latest News
Petronas or Petroliam Nasional is being urged by Employees Provident Fund to increase its price to buyout liquefied natural gas shipper MISC.
Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.
The buyout firm has recruited two specialists in addition to its Japan team ahead of closing its new pan-Asia fund worth $6 billion
UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
Esa Ikaheimonen has been appointed as the new chief financial officer of Transocean Ltd., the largest offshore rig contractor in the world.
Blackstone Group says its co-founder and chief executive officer Stephen Schwarzman obtained 2013.3 million in pay and cash dividends in 2013.
A, the venture capital unit of Russia's Alfa Group, has expressed interest in forming a group to restructure troubled Central European Distribution Corp.
Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.
Potential bidders are coming up with a deal to acquire assets of Anschutz Entertainment Group. Sports and retail estate company Anschutz Entertainment Group (AEG) is set to come up with a deal from potential bidders including Patrick Soon-Shiong, Guggenheim Partners LLC and Colony Capital LLC, according to people familiar with the matter.
