Private equity group Southern Capital Partners offered to buy Malaysian tertiary education provider HELP International Corp Bhd for USD111.3 million (MYR359.3 million) and plans to delist the firm should the deal be successful.
Sectors
SFX acquires majority stake in European ticketing firm Paylogic
As part of its recent acquisition streak, SFX Entertainment bought a majority stake in European ticketing services company Paylogic in a deal valued at approximately USD16.5 million.
Telecom Italia rebel investor Marco Fossati opposes enforced sale of TIM Brasil
Telecom Italia's activist investor Marco Fossati campaigned against the enforced sale of TIM Brasil. Brazil's competition regulatory body ruled earlier this week that Telecom Italia must divest its stake in the Brazilian mobile carrier.
Tidewater invests USD30 million to launch subsea operations in Gulf of Mexico
New Orleans-based offshore service vessels provider Tidewater Inc is investing USD30 million to start its subsea operations business, Tidewater Subsea, located in the Gulf of Mexico.
Ryan Seacrest invests USD1 million to develop iPhone keyboard
Former American Idol host Ryan Seacrest invested USD1 million to develop a prototype of Typo Keyboards, a simple device that functions as an attached keyboard for iPhone 5 and 5S.
Latest News
Morgan Stanley and Goldman Sachs Group Inc were hired by The Rubicon Project Inc to lead its IPO next year.
New York-based private equity firm Odyssey Investment Partners is reportedly looking to sell its portfolio company Wencor Group. Wencor manufactures aircraft parts and is based in Springville, Utah.
The Pacific Grove assets of Bratty & Bluhm Real Estate have been acquired by Sotheby's International Realty Inc and will operate as Sotheby's International Realty.
Private equity firm Thoma Bravo is considering to put up for sale two software companies in its portfolio, Hyland and LANDesk. This week, Thoma Bravo sold Digital Insight to NCR Corp. for USD1.6 billion.
Rob Marcus, the incoming Chief Executive Officer of Time Warner Cable Inc, said he is the perfect guy to manage cable company's mergers and acquisitions component.
More investors discouraged by the declining fortunes of ESL Investment's stake in Sears Holdings Corp. are heading for the exit. American billionaire Edward Lampert owns ESL Investments and leads Sears Holdings.
Philadelphia-based company Monetate has raised USD8 million for the development of its platform that helps other companies drive their sales through analysis of data from various sources.
Although Nelson Mandela was best known for his role in ending apartheid in South Africa, a report from Businessweek highlighted the economic legacy left by the late leader.
San Francisco-based online web development school Bloc has raised USD2 million in seed funding which will be used to hire additional staff and establish new online courses.
