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.
Sectors
Dubai Group to Undergo Restructuring
Dubai Group would become independent of Dubai Holding upon completion of a US$10 million infrastructure deal.
Billabong in Dire Straits
Billabong has just been in breach of debt payments as exclusivity period for bid lapsed without a formal offer.
Rinehart Fortune Comes to a Head
John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.
Einhorn Makes Forecast at Sohn Confab
Einhorn of Greenlight Capital gives advice and provides fearless forecast. David Einhorn is one of the most observed hedge fund managers in the industry.
Latest News
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.
MaRS welcomes Salim Teja as ICE Sector Program Managing Director. In an announcement from the MaRS Discovery District, it was happy to disclose the appointment Salim Teja as the ICE Sector Program's Managing Director.
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 In a bittersweet move, Quicksilver Resources has withdrawn its IPO plans because of weak natural gas liquid prices.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.
