Neuberger Berman announced the launch of a new fund where it plans to invest in the Greater China Region.
Consumer Electronics
Travellers International to go through with expansion plans depite IPO delay
Travellers International stated that it would go ahead and spend US$600 million on expansion depite IPO delay.
Suntory plans buyout offer for Del Monte Pacific
Suntory Beverage & Food Ltd. planned to spend more on purchases and considered Del Monte Pacific Ltd. as its new takeover target.
Billabong studies new refinancing deal
Billabong announced that they are studying competing proposals for new refinancing. Billabong International Ltd. announced that they will study competing proposals from two US based debt investors.
First Data Corporation and Profit Technologies merge for Asian financial market
First Data Corporation and Profit Technologies announced that they would work together to provide better service to financial clients in the Asian market.
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Mister Spex bought Loveyewear and Lensstore in a bid to enhance its international presence. Two Swedish online eyewear shops, Loveyewear and Lensstore had been bought by Mister Spex, also an optic shop with heavy online operations.
Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
Linsalata Capital Partners sold The Tranzonic Cos. to Silver Oak Services Partners. Linsalata Capital Partners, a Mayfield Heights private equity firm, sold The Tranzonic Cos.
Dorel Industries and Trek Bicycle Corp acquired Tour de France teams amidst doping scandals. Trek Bicycle Corp and Dorel Industries Inc. announced that they are investing in Tour de France teams amidst doping scandals.
McGraw-Hill Education acquired minority ownership share in Tata McGraw-Hill Education Private Limited originally held by two Tata charitable trusts.
Allen Edmonds was exploring a potential sale of the firm for US$150 million to US$200 million. Allen Edmonds, a men's dress shoe corporation, was exploring a possible sale of the company.
HomeAway entered Asia-Pacific via Travelmob acquisition. HomeAway has acquired a majority stake of 63% Travelmob, a Singapore-based startup. This acquisition allowed the vacation rental site to enter the Asia-Pacific region and compete directly with Airbnb.
Severn Trent Plc spent GBP19 million for counselling, legal and related costs in its buyout approach.
Billabong gets an unsolicited refinancing offer a day after it accepted a rescue package from Altamont Capital Partners and GSO Capital Partners.
