Russian businessman Alexei Khotin could make a takeover offer for London-listed Exillon Energy Plc, a company controlled by Khotin said, setting the stage for a possible bidding war with the oil producer's second-largest investor.
Investors
Westfield Group agrees to purchase stake in World Trade Center for $800M
Sydney-based Westfield Group agreed to acquire the 50% stake held by the Port Authority of New York and New Jersey in the retail space of the World Trade Center site for USD 800 million.
Credit Suisse sells private customers business to German Bethmann Bank
Switzerland's Credit Suisse is selling its private customers business to German Bethmann Bank. Under the deal, Bethmann will take over Credit Suisse's 9,000 clients with EUR10 billion assets in Germany.
HomeAway Inc acquires Stayz Group in $198M deal
HomeAway, a Texas-based online marketplace for vacation rentals bought Stayz Group, the publisher of Stayz.com.au from Fairfax Digital in an all-cash deal worth USD 198 million.
US House passes bill to exempt private equity firms from Wall Street Reform Law
In a 254-159 vote, the US House of Representatives passed a legislation exempting private equity firms from provisions in the 2010 Dodd-Frank Wall Street Reform Law. However, a similar action is not expected from the Democrat-dominated US Senate.
Latest News
Molex Incorporated Announces Receipt of Final Merger Control Clearance for Merger with Koch Industries, Inc.
Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S.
The San Francisco-based Industry Ventures, an investment firm that buys stakes in private companies through the secondary market, has raised a $425 million fund.
Private equity firm Mayfield Fund confirmed its USD6 million participation in robotics and commercial drone maker 3D Robotics' USD30 million funding round back in September.
Hardware startup Misfit Wearables raised USD15.2 million in fresh capital in a funding round led by Li Ka-shing's Horizons Ventures and also participated by its existing investors.
Australia electronics chain Dick Smith Holdings Ltd's rise on the Australian Stock Exchange had put its enterprise value to five times its value at the time of its buyout at AUD534 million.
Trufa, a real-time data analytics software that aids companies in improving its financial performance via operational expenses analysis, nabbed USD4.5 million in Series A funding in an investment round led by Accel Partners.
According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.
Owners of Hong Kong lender Wing Hang Bank Ltd. had received preliminary bids for its sale. It has engaged Goldman Sachs Group Inc. to advise it on the deal. Wing Hang plans to sell the company for USD4.5 billion.
