Quintiles IPO sells US$947 million to pay off debts and other corporate activities. Pharmaceutical support firm Quintiles Transnational Holdings has raised US$947 million for its IPO.
Investors
Algeria to Seek Valuation before Purchase of Djezzy
The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Barclays Private Credit Partners Grant EuNetwork Debt Funding Commitment
Barclays Grants EuNetwork debt funding for its growth potential. The EuNetworks Group, a bandwidth communications provider, disclosed that it availed of a term loan funding agreement with Barclays Private Credit Partners Fund LP.
Nomura Real Estate Set To Do IPO
The IPO of the Nomura Real Estate Holdings REIT expects at least US$175 billion earnings. Nomura Real Estate Holdings is planning to undertake an initial public offer of shares that is said to be the largest one to date.
Dubai Group to Undergo Restructuring
Dubai Group would become independent of Dubai Holding upon completion of a US$10 million infrastructure deal.
Latest News
IPO is the vehicle to be used by Sinarmas Land to sell off Kota Deltamas. One of the renowned land developers in Indonesia, with interests in subdivisions, shopping mals and golf courses has engaged the services of the Macquarie Group for an IPO.
Atlas Pipeline's acquisition of TEAK Midstream recently concluded. Atlas Pipeline Partners, L. P. disclosed today that the earlier announced acquisition of TEAK Midstream, LLC, has already concluded and effective date of purchase is 1st of April 2013.
Ashford Hospitality purchases the Pier House Resort for US$90 million cash. The Ashford Hospitality Trust, Inc. announced today that it has already inked a final contract to purchase the Pier House Resort and Caribbean Spa in Key West, Florida that has 142 rooms for an estimated amount of US$90 million cash.
Darby's DLAMF II invests US$15 million in Alta Rail Technology. Darby Private Equity, the equity unit of Franklin Templeton Investments, had announced that it has completed an investment wortth US$15 million in Alta Rail Technology.
Granite Partners invests in SIM Digital which in turn uses the investment to purchase PS Production.
OMERS acquires Civica from 3i for GBP390 million. The Ontario Municipal Employees Retirement System's private equity investment unit OMERS Private Equity has completed the purchase of Civica from private equity firm 3i.
Comvest Partners with Kayne Anderson opens a US$24 million loan facility for SCG Financial Acquisition.
Quicksilver Resources withdraws its IPO because of weak natural gas liquid prices. In a bittersweet move, Quicksilver Resources has withdrawn its IPO plans because of weak natural gas liquid prices.
Octopus leads funding round for TrialReach totalling GBP2 million. In an announcement today by Octopus, it disclosed that it headed the growth finances round of TrialReach by GBP2 million.
