PT Electronic City Indonesia or ECI is planning to raise US$150 million through an IPO. One of the largest electronics retailers in Indonesia, PT Electronic City Indonesia (ECI) is now planning to raise nearly US$150 million through an initial public offer on June 2013.
Consumer Electronics
Coty to do IPO
Coty, the fragrance and nail polish maker, is preparing for an IPO. Nearly US$700 million is expected to be raised for the initial public offer of Coty.
US$8 Million Financial Infusion for Kinetic
Kinetic Social receives US$8 million capital infusion from investors as well as a loan facility. The company that provides social media advertising, Kinetic Social, announced that it was able to raise US$8 million at the first closure of its Series A financing round.
Danone Purchases Sirma Water
Danone expands business in Turkey's bottled water market with the purchase of Sirma. The owner of the Evian water brand, Danone, has acquired a 50.
Menezes is new Diageo CEO
Ivan Menezes replaces Paul Walsh as the new CEO of Diageo. The globe's largest spirits distiller, Diageo, has announced that Ivan Menezes would become the new Chief Executive Officer of the company replacing Paul Walsh.
Latest News
Alcorn Gold would be known as Cosco Capital when its IPO pushes through. Cosco Capital is planning to make a share offer worth at least US$500 million in order to improve its liquidity and free float as it comes out of a recent conglomerate restructuring program.
DLF chooses eight banks to manage its IPO to comply with SEBI guidelines. DLF Ltd of India is in deep planning to sell off 81 million shares through institutional placement sales with eight banks.
Sunstone Hotel purchases the iconic Boston Park Plaza for US$250 million. Sunstone Hotel Investors Inc has entered into an agreement to purchase the Boston Park Plaza Hotel and Towers.
Hertz's private equity shareholders sell of interest. In an announcement, Hertz Global Holdings Inc said that private equity firms of Clayton, Dubilier & Rice, the Carlyle Group and the Bank of America Merrill Lynch have exited their ownership in the company.
US$7 million was raised by Merchantry from both old and new investors. In an announcement by Merchantry today, it disclosed that its Series B of Financing had raised US$7 million with Kite Ventures heading the round.
Etihad, in a move to expand presence in Africa, partners with South African Airways for route sharing and other benefits.
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
The private equity owners of Neiman Marcus are either selling off the asset or would list an IPO to raise capital funds.
