A Bloomberg report said Berry Plastics Group Inc is seeking to refinance its debt, offering to pay 2.75 to 3 percentage points more than the London interbank offered rate.
Sectors
Norway says Bitcoins aren't real money
Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
Texas Industries working with Citigroup on possible exit
Investors Southeastern Asset Management and NNS Holding have been looking to divest their stakes in Texas Industries Inc. Cement producer Texas Industries is said to be working with Citigroup on a possible sale.
US firm Dell launches $300M venture fund to back enterprise startups
Texas-based tech giant Dell announced a new $300-million venture capital fund that will support enterprise technologies, big data, cloud computing, next generation data center, security, and mobility startups.
Sycamore Partners close to acquisition of Jones Group Inc- sources
Citing sources, Bloomberg reported that consumer and retail-focused private equity firm Sycamore Partners is nearing a deal for the acquisition of retailer Jones Group Inc.
Latest News
Fremantle-based livestock export giant Wellard Group’s shipping and land division have attracted strong interests from wealthy investors in Saudi Arabia and Brazil, according to industry insiders.
The Midtown Manhattan headquarters of Blackstone Group transformed to an animal kingdom as eight dignitaries from Sea World gave their private equity parent a visit.
Virgin Australia's biggest shareholders, Air New Zealand, Etihad Airways, and Singapore Airlines, have upped their stakes in the troubled Australian airline by 4%, lifting their combined position from 63% to 67%.
Zubie, a connected car service provider headquartered in South Carolina, raised $10 million for its Series A round led by Castrol innoVentures, Comporium Inc and OpenAir Equity.
Boston-based caregiver services provider Care.com aims to raise $80 million in its initial public offering (IPO) on the New York Stock Exchange to capture the care market and develop new products.
Education startup Koru secured $4.35 million from Maveron and other investors to help transform the way recent college graduates prepare to work in the real world.
Moody's says the outlook for the Australian infrastructure sector is stable, underpinned by a resilient economy.
Carl Icahn today acquired 30.6 million shares of Hologic Inc upon exercise of all of the call options according to SEC filing.
CubeSmart today announced that it has completed the acquisition of the previously announced $326.2 million self-storage portfolio in Houston and Austin, TX and Charlotte, NC.
