Investment firm Catalyst Capital Group is the fourth bidder to withdraw from the Canadian government's auction of a 700 MHz wireless spectrum. Canada seeks to break the stronghold of three dominant players in the country's mobile phone business.
Investors
Private equity IPO exits come alive in Europe- report
Private equity firms in Europe have chosen initial public offerings as the way to exit their investments as the markets have become open, according to a report from the Financial News website.
Vale looking to exit stakes in fertilizer and coal business, steel plant
Vale SA, the world's largest iron-ore producer is considering to sell its holdings in its coal and fertilizer divisions. The Brazilian mining giant is also looking to sell its stake in a steel-slab plant constructed with Germany's ThyssenKrupp AG.
GE to continue manufacturing site project near Brazilian port
Multinational conglomerate General Electric Co. intends to proceed with its project to construct a manufacturing site near a port in Rio de Janeiro. The port is being built by LLX Logistica, which was formerly run by Brazilian petroleum titan Eike Batista.
Private equity lawyer Kirk A. Radke moves to Willkie Farr & Gallagher
International law firm Willkie Farr & Gallagher said private equity lawyer Kirk A. Radke will be joining their Private Equity Practice Group. Radke is known as one of the top private equity attorneys in the country.
Latest News
As part of its recent acquisition streak, SFX Entertainment bought a majority stake in European ticketing services company Paylogic in a deal valued at approximately USD16.5 million.
Telecom Italia's activist investor Marco Fossati campaigned against the enforced sale of TIM Brasil. Brazil's competition regulatory body ruled earlier this week that Telecom Italia must divest its stake in the Brazilian mobile carrier.
New Orleans-based offshore service vessels provider Tidewater Inc is investing USD30 million to start its subsea operations business, Tidewater Subsea, located in the Gulf of Mexico.
Former American Idol host Ryan Seacrest invested USD1 million to develop a prototype of Typo Keyboards, a simple device that functions as an attached keyboard for iPhone 5 and 5S.
Shares of Australian broadcaster Nine Entertainment declined in its first trading day by as much as 3.4% in Sydney to AUD 2 per share from its offer price of AUD 2.05.
Private equity group Southern Capital Partners offered to buy Malaysian tertiary education provider HELP International Corp Bhd for USD111.3 million (MYR359.3 million) and plans to delist the firm should the deal be successful.
Morgan Stanley and Goldman Sachs Group Inc were hired by The Rubicon Project Inc to lead its IPO next year.
New York-based private equity firm Odyssey Investment Partners is reportedly looking to sell its portfolio company Wencor Group. Wencor manufactures aircraft parts and is based in Springville, Utah.
The Pacific Grove assets of Bratty & Bluhm Real Estate have been acquired by Sotheby's International Realty Inc and will operate as Sotheby's International Realty.
