Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Consumer Electronics
WhaleShark Media to Change its Name
WhaleShark Media to be known as RetailMeNot.com. WhaleShark Media, the most widely known online coupon site in the United States, has announced that it has changed its name to RetailMeNot.
ARA to Increase Assets through Property Fund Boost
ARA to go on acquisitions spree to boost private equity funding. The manager of real estate trusts owned in part by billionaire Li Ka-shing is planning to double its asset portfolio in the next five years.
British Land for New Investments to Raise US$745 million
GBP500 million to be raised by British Land for new investment opportunities. British Land said that it intends to raise GBP 500 million or US$745. 02 million from its shareholders in order to fund new investment opportunities.
Amtek Auto to Purchase German Unit
Amtek Auto purchases Neumayor Tekfor Group of Germany. Backed by investors Warburg Pincus and ChrysCapital, Arvind Dham's Amtek Auto Ltd has finalized negotiations to purchase the business interests of Neumayer Tekfor Group of Germany.
Latest News
Renesas is to decide whether to sell off or continue with its mobile chip building unit. The Renesas Electronics Corp is at a crossroads for fiscal year 2013 on whether to sell its ailing mobile chip building unit or not.
The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
GE nominates Schapiro to its Board. General Electric Co has nominated former chairman of the US Securities and Exchange Commission to its Board of Directors.
MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
Hostess Brands now being bidded on. The main creditor of Hostess Brands, Silver Point Capital and hedge fund firm Hurst Capital have expressed interest in purchasing Hostess snack cakes brands according to a report by the New York Post.
Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.
Henkel is the front runner for the vacant ThyssenKrupp Chairman position. Ulrich Lehner, former Henkel CEO is tabbed to be the next chairman at ThyssenKrupp.
