Distressed debt investor, Oaktree Capital Group said that they hired Goldman Sachs Group to look for a buyer for Tekni-Plex.
Sectors
XL Group partners with Stone Point to form Bermuda investment arm
XL Group and Stone Point Capital joins forces and resources for new investment management unit. XL Group and Stone Point Capital LLC announced the finalization of their new Bermuda-based investment management company for insurance-linked securities and other reinsurance capital market products on Thursday.
Medina Capital injects a further US$10 million into Catbird
Catbird and Medina Capital announced that the private equity firm had invested US$10 million into the Catbird.
Bencis Capital Partners to buy controlling stake in Xeikon
Bencis Capital Partners revealed that it is buying Punch Graphics' majority stake in Xeikon for about EUR110.3 million
Librato Closes US$3.8 mln Series A Fund
Librato concludes Series A funding round with US$3.8 million. San Francisco-based Librato, which provides cloud-based monitoring services for operations and development units, reported a US$3.
Latest News
Nakumatt Holdings announced that they are in talks with foreign equity investors. Nakumatt Holdings Ltd announced that they are in talks to sell close to 25% of its shares to investors abroad.
Generac Holdings purchases Tower Light in line with global expansion goals. Generator manufacturer Generac Holdings Inc. announced the finalization of a purchase deal with Ambienta I for the acquisition of Tower Light Srl and its wholly-owned subsidiaries earlier today.
Publisher Axel Springer signs a deal with Funke for printed media following announcement to go completely digital.
United Petroleum announced that they are considering offers for possible acquisition or joint venture deals.
Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
KKR & Co names former Prudential Plc unit head Martin Moore as senior adviser. Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement.
IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
