Enstar gets 60% share in Torus Insurance in blockbuster deal

Enstar Group pays US $692 million in order to control the reins Torus Insurance Holdings Ltd. Enstar Group, a management and consultancy firm specializing in insurance, announced the completion of the agreement that allows it to control management of Torus Insurance Holdings Ltd.


Greece Gets Release of Eur3 billion worth Aid, Remains Lashed to Tightness

European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.

Two Financing Firms Invest US $10 million in Convene

Boathouse Capital and Tamarix Capital each shelled out US $5 million to und Convene. Convene, New York City's largest conference center, completed the fourth funding round by raising additional US$10 million which will be used to fund its expansion plans.

Scanbio Buys Norwegian fish oil manufacturer, Biokraft AS

Scanbio Marine Group buys Biokraft; a deal that will allows them to boost their operational efficiency and enhance their service to the largest aquaculture companies in the world.


Latest News

Carlyle Group planned to put Applus+ in a stock market listing to take advantage of the stock market's improvement.
Diamond Resorts expected to raise up to US$279 million from IPO. Diamond Resorts International Inc. said that it expected to raise up to US$279 million from its initial public offering.
Rexford estimated IPO terms revealed. Rexford Industrial Realty Inc. 's revealed the estimated terms of its planned initial public offering. The initial public offering aimed to raise funds for mortgage debt repayment and other purposes.
Deutsche Annington revived its initial public offering from Eur1.2 billion to just Eur575 million to Eur592 million.
United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
intergenia buys internet24 GmbH to secure its spot as Germany's leader among Cologne based intergenia purchased internet24 GmbH, a German host services provider, in a bid to strengthen its post as one of Germany's top providers of managed hosting.
Odyssey Investment Partners LLC was exploring its options on selling One Call Care Management Inc for more than US$1.5 billion.
BCI Broadband completed the acquisition of James Cable as the next-generation broadband company makes its presence felt in four key cities.
The 1330-year old company said it will purchase Harris Teeter and will assume its US $100 million debts.
Jason Valdina was named as Movable Ink's new vice president. Electronic mail marketing technology provider Movable Ink announced today that Jason Valdina is its new Vice President of Product.