Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.
Investors
Fiat announces postponement of Chrysler IPO
Italian automaker Fiat SpA said in its announcement today that although Chrysler Group LLC has postponed plans for a 2013 initial public offering, the former expected the latter to carry on with its plans for a share sale next year.
New private equity firms edges KKR, Blackstone and Bain Capital as investors' favorites - report
A shift in demand from big firms like KKR, Blackstone and Bain Capital to midsize firms like HIG Capital, Sentinel Capital and KPS Capital in investors was seen in a recent survey conducted by Preqin.
Split of Time Warner Cable Inc may consolidate industry, circumvent regulatory challenges- report
A joint bid that would later split up Time Warner Cable between Comcast Corp and Charter Communications Inc may allow the deal to avoid strict scrutiny from antitrust regulators and the Federal Communications Commission.
Chemring Group says it will sell some of its units
Chemring Group, a UK based firm that caters to the ordinance disposal, pyrotechnics, countermeasures and munitions markets, said it will be divesting some of its business units.
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Uber, a ride solutions provider, is aggressively pushing for more drivers on the road that it had struck a deal with car manufacturers and auto finance firms to provide Uber drivers which better rates to own a vehicle.
A Pensions & Investments report said investors now prefer small and midmarket private equity firms like HIG Capital, Sentinel and KPS than large buyout firms.
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
Blackstone Group, the second biggest realty firm in India, may soon replace DLF as the top real estate developer with its series of acquisitions in the country.
A consortium of venture capitalists had helped Editas Medicine raised USD43 million in Series A financing to create medicine designed to eradicate gene abnormalities.
Online music platform company 7Digital is close to signing a deal to buy out UBC Media Group. The takeover deal will provide a London listing for 7Digital in place of UBC. Should it be successful, the float could give 7Digital a valuation of about GBP50 million.
A Bloomberg report said the move to get former CBS anchor Katie Couric to join the team at Yahoo! Inc was an accelerated effort of Chief Executive Officer Marissa Mayer's efforts to reinvigorate the tech giant's business.
The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.
Telecommunications and information technology (IT) service provider Coms PLC announced that it has completed the acquisition of Redstone Converged Solutions Ltd in a deal valued at GBP9.5 million.
