Beurden was named as Shell's new CEO. Ben van Beurden, Downstream Director of Royal Dutch Shell, would be taking over Peter Voser position as Chief Executive Officer.
Sectors
Genting and Alliance Global Postpones Travellers' IPO
Genting and Alliance Global postponed Travellers' initial public offering. Alliance Global Group Inc. and Genting Hong Kong Ltd. said on Tuesday that they would postpone the IPO of Travellers International Hotel Group Inc.
LVMH Acquires Loro Piana
LVHM announced that they were able to acquire 80% of Loro Piana LVMH Moet Hennessy Louis Vuitton SA agreed to pay US$2. 57 billion or Eur2 billion for 80% of Loro Piana SpA.
Access Kenya Takes Over Dimension Data Holdings
Access Kenya's take over offer document for Dimension Data Holdings has been approved by Kenyan regulator.
Landmark Apartment Trust of America Buys 8 New Multifamily Properties Worth US$169.3 Million
Landmark Apartment Trust of America bought eight new multifamily properties worth US$169.3 million .
Latest News
Fancy raised US$53 million for international expansion of its current social commerce platform. The social commerce platform Fancy raised US$53 million, according to Bloomberg.
Welsh, Carson, Anderson & Stowe announced today that it has agreed to buy Service Repair Solutions which is backed by private equity firm, Warburg Pincus.
Welsh, Carson, Anderson & Stowe, a private equity firm announced that they will be acquiring Service Repair Solutions from Warburg Pincus.
Hasbro paid US$112 million cash for a 70% stake in Backflip Studios. Hasbro made a cash payment of US$112 million to acquire a 70% stake in Backflip Studios.
Today, Imperative and Purpose Economy announced merger with Aaron Hurst appointed as the new chief executive officer.
Cincinnati-based Fort Washington Capital has launched two new funds. Fort Washington Capital Partners Group, a private equity fund manager based in Cincinnati, had submitted its plan to launch two fresh investment funds that should raise a combined valuation around $150 million.
Most bankers experienced roadblocks in selling covered bonds as investors like Pacific Investment Management Co said that debts from fledging markets have drove them away.
YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.
Seculert's anti-malware technology raised US$10M from series B round. Seculert conducted a Series B round and raised funds amounting to US$10 million.
