UCP purchases VKontakte majority shareholdings from founding stockholders. United Capital Partners, the Russia focused investment fund, has purchased 48% of shareholdings of VKontakte, the top social network in Russia.
Sectors
Omega Advisors Favor Dish Bid for Sprint
One of the biggest shareholders in Sprint-Nextel favors the bid of Dish Network over Softbank of Japan.
Greek Gaming Monopoly Receives Two Bids according to HRADF
OPAP, the Greek gaming monopoly, received two bids according to privatization firm HRADF. One of the first privatization deals of Greece had a lukewarm response from the international market.
Oando CEO Reassures Funds for Takeover Available in Nigeria
Oando is purchasing ConocoPhillips assets in Nigeria and many see the firm struggling to find the equity for investments purposes.
Numericable Opts for Stock Exchange Listing
Numericable is exploring public listing to raise funds for the French cable firm. Numericable's private equity owners have asked banks to provide information and options as to a possible stock exchange listing for the firm this year.
Latest News
Fenway Partners, the owners of the Riddell helmets brand and others, is now in the process of selling off its assets.
Verdesian Life Sciences acquires Plant Syence for an undisclosed amount. Verdesian Life Sciences, a subsidiary of Paine & Partners has announced the acquisition of all the assets of Plant Syence Ltd and its affiliates.
PLH acquires Pipeworx with the assistance of Energy Capital Partners. In a statement, PLH Group Inc disclosed that it acquired Pipeworx Ltd. with support from private equity firm Energy Capital Partners.
Instart Logic raises new funding for its expansion plans. In an announcement by Instart Logic, it was disclosed that the company was able to secure US$17 million financial infusion coming from its Series B fundraising round.
Carlyle and Palamon acquires DBG Ltd from Synova Capital. Global asset manager The Carlyle Group in conjunction with Palamon Capital Partners have announced the acquisition of DBG Limited from Synova Capital.
China's Longyuan Power Group would not be competing with Thai Egco PCL for the Boco Rock Wind Farm project in New South Wales, Australia.
Celltrion founder Seo Jung-jin is divesting his shareholdings because of speculative short selling. Last Wednesday, Celltrion Inc has named JP Morgan as advisor to assist the firm remove its linkages from its founder, Seo Jung-jin.
Despite assurances by the Egyptian PM, there is still no approval as to the EFG-QInvest merger. The Middle East's largest investment bank, EFG-Hermes has been awaiting notice from Egypt's financial regulator for the approval of its merger with QInvest of Qatar.
Zeder Investments is purchasing Capespan Group shares from Total Produce. A private investor in agricultural companies has announced that it would be purchasing in Capespan Group Ltd, South Africa's biggest fruit export company.
