CBS Corp. entered into discussions with a private equity firm hoping to sell its outdoor business for around US$225 million.
Sectors
Private equity companies introduce open ended mutual funds
KKR and Blackstone started open ended mutual funds to attract individual investors. Kohlberg Kravis Roberts had introduced to individual investors an open-end mutual fund and now, one of the United States' biggest private equity firm, Blackstone is doing it too.
Cloud services provider raises US$44 million in funding round
Ping Identity Corp stated that it raised around US$44 million from private equity and venture capital investors.
New private equity firm raises US$30 million, wants US$20 million more to invest in manufacturing sector
FishHawk Partners raised US$30 million and is to be invested heavily in manufacturing sector. FishHawk Partners LP, a new Houston-based private equity company, had accumulated up to US$30 million from investors.
Chevron signs US$1.24 billion deal with Argentina's YPF
Chevron announced the signing of an investment agreement with Argentina's YPF. Chevron announced that they have signed an agreement with Argentina's YPF (Yacimientos Petrolíferos Fiscales).
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Water Street Healthcare Partners announced that they have invested US$50 million in RTI Biologics to help it acquire Pioneer Surgical Technology.
Ultimately, the determinant as to the increase or decrease of the value of an asset is the foreign currency exchange.
The acquisition of Alexion Pharmaceuticals Inc. could possibly break records as the most expensive purchase in biotechnology.
The German government is contemplating on selling its stake in the loss-making bank after the conduct of the national elections on September.
Dell Inc, third-largest personal-computer maker, may postpone shareholder’s vote regarding the buyout by its founder.
Oi SA would sell its undersea cables and towers worth US$1 billion so that it could reinforce the funding for the company.
Capital One Financial Corp. was negotiating with UBS regarding 250,000 square feet of offices on Park Avenue, Manhattan.
AT&T Inc's new venture on annual device upgrades and installment plans directly competed against T-Mobile's offerings.
A new report from the GreySpark Partners showcase the greater flexibility and efficiency of multi dealer platforms compared to other structures.
