Private equity firm Investcorp had purchased paper products company Paper Source for an unspecified amount.
Sectors
Apple restructures financial figures after launch of new iPhones
With what had been called the best iPhone launch ever, the finances of the company have been revised.
San Miguel nearing sale of more Meralco shares to JG Summit
San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Investors in the Saudi Arabian industry have pulled out from the business
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Practice Fusion scores USD 70 million for Series D round
Practice Fusion received USD 70 million from various investors for its Series D round. Healthcare platform Practice Fusion raised USD 70 million for its Series D round.
Latest News
According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
Coates Hire undertook a revised loan agreement with its existing lenders. Coates Hire Ltd, owned by Carlyle Group and Seven Group Holdings, would be undertaking an "amend and extend" loan with its existing lenders.
Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
Patrizia Immobilien announced it had agreed to buy 36 offices valued at EUR 800 million from CA Immobilien Anlagen.
Saad Al Muhannadi and Rachid Al Naimi were appointed as President of the Qatar Foundation and CEO of Qatar Foundation Investments respectively.
