ClubCorp Holdings hoped to raise more than US$100 million in an initial public offering of its stakes.
Investors
Share allocation of First Citizens disappoints Permell
Share allocation of First Citizens disappointed Permell. Peter Permell, a minority shareholder rights advocate, was disappointed by the government's allocation of shares of First Citizens Bank.
Frontier raises GBP39.4 million by floating stocks in AIM
Frontier raised GBP39.4 million by floating stocks in AIM. Frontier Developments raised GBP4 million by selling its shares on the Alternative Investment Market (AIM), a submarket of the London Stock Exchange.
MB Financial acquires Taylor Capital
MB Financial, Inc. and Taylor Capital Group, Inc. announced that they have signed a definitive merger agreement for the acquisition of Taylor Capital.
Oman-based lenders create interbank market trough wakala
Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Latest News
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank. Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major.
China planned to add 10GW solar power annually over the next 3 years. China will be adding 10GW of solar power annually for the next 3 years, said a statement from the State Council.
Roselabs executives expressed their desire to raise US$21 million to help in their expansion plans. Roselabs Ltd revealed plans to raise around US$21 million through private equity funding to expand its operations.
Londonmetric acquired two warehouses for GBP61.8 million. LondonMetric Property Plc bought two new warehouses in Bedford and Birmingham worth a total of GBP61.
Embassy Group sells stake in overseas joint venture back to MK Land Holdings. Real Estate developer Embassy Group, just one of India's top three commerical space constructors, had exited an international joint venture with Malaysia's MK Land Holdings Berhad.
Britain would only consider pension funds and insurers for the sale of its Lloyds Banking Group stocks and would rebuff private equity and foreign funds.
Mitsui CEO stated they plan to invest more in Thailand making it their base for Asean operations Mitsui & Co Ltd is returning to Thailand to invest in the country with a vow to work with its Thai partners Siam Cement Group and PTT Plc to make investments overseas in joint ventures when opportunities arise.
Sika acquires leading manufacturers of waterproofing membranes, JMTexsa and Texsa India Ltd. Sika acquired JMTexsa, S. A. de C. V. of Mexico and Texsa India Ltd.
Actis planned to acquire 25% stake in Symbiotec Pharmalab. Actis, a private equity firm based in London, was looking to acquire a stake in Symbiotec Pharmalab.
