Sectors
Philippine firm Filinvest acquires idle GSIS property for PHP771M
Philippine-based real estate firm Filinvest Land Inc bought an idle property in Ortigas Center, Pasig City, from state-run Government Service Insurance System in a deal valued at PHP771.5 million.
Performance Trust Capital Partners appoints veteran investment banker Al Glowasky as managing director
Al Glowasky, a veteran investment banker with more than 30 years of investment banking experience in his belt, will be joining Performance Trust Capital Partners as Managing Director in the West Coast region
Montagu, Rexam in advanced talks over sale of healthcare packaging unit
UK's Montagu Private Equity and Rexam have reportedly entered the advance stage of talks on the sale of the latter's healthcare packaging business. Rexam is selling its healthcare division in a deal that could value the asset at about £500 million.
Yahoo bought San Francisco startup Aviate for $80M -source
Internet giant Yahoo was earlier reported to have bought San Francisco-based startup Aviate for an undisclosed amount, but now a source familiar with the deal revealed that the acquisition was valued at $80 million.