According to J.P. Morgan, Dubai Holding could earn about US$1 billion by selling its minority shares in two telecom firms.
Investors
Signal Hill sponsors Launchpad
Signal Hill sponsors Boston-based Launchpad Venture Group. In an announcement today, investment bank Signal Hill said that it became a major sponsor of Launchpad Venture Group.
UK is Africa's number one M&A investor
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa. Companies from the United Kingdom have made the most investments in mergers and acquisitions in the African continent within the last 10 years, according to a study made by Freshfields Bruckhaus Deringer.
Behrman Capital’s Data Device Corp. Buys National Hybrid for US$32.5 million
Data Device Corporation, Behrman Capital's unit, bought National Hybrid Inc. from API Technologies Corp. for US$32.5 million.
Olympus seeks to raise JPY118 million from overseas markets
Japanese company Olympus offers its stock, both new and existing, to overseas markets to raise funds for research and debt payment.
Latest News
The United States' wealthiest universities are eyeing Africa as their latest investment nest. Several of the United States' most profitable universities are looking towards the other side of the world to acquire outsized investment returns for scholarship funding.
Online coupon site Retailmenot expected to raise about US$200 million in an initial public offering.
Standard & Poor downgraded SoftBank because of the financial risks it took in buying Sprint. Standard & Poor cut SoftBank Corp's debt rating to two levels to "junk" status.
Virgin completes purchase of Tigerair's 60 percent stake naming chief executive John Borghetti chairman.
Predixion raised US$20 million worth of Series C investments. (CORRECTION: Description of Accenture was changed from BPO powerhouse to Global consulting powerhouse.
Meta Pharmaceutical Services received a US$7.5 million loan from Praesidian Capital. Mezzanine capital provider for small and medium sized firms Praesidian Capital announced today that it steered a US$7.
Nippon Shikizai invested on its fourth plant in Japan. Nippon Shikizai Inc. , a makeup, cosmetics, and skin care producer from Japan, announced its plans to invest in a new plant in the country to be finalized early next year.
The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
Blackstone Group LP would expand its business by lending US$5 billion worth of distressed houses to landlords.
