Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
Corporations
IBT Media acquires Newsweek
IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
Hellman & Friedman agrees to purchase insurance company Hub International
Hellman & Friedman agreed to acquire Hub International Inc., an insurance company based in Chicago. San Francisco-based Hellman & Friedman agreed to acquire Hub International Inc.
Cyber Security firm ThetaRay bags investment from General Electric
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Lockheed Martin commences plans to make US Army equipment upgrades less expensive
Lockheed Martin announced that it is developing a plan to make the upgrades of equipment that will be used by next-generation helicopters of the US Army more convenient and less expensive.
Latest News
Hasting Funds Management bought the entirety of Carmel Capital, including its subsidiary Phoenix Natural Gas.
A Thai-based fund manager announced that two leading real estate firms in Thailand plan to raise THB 28 billion or USD 891 million in an initial public offering scheduled by the end of this year.
The General Administration of Quality Supervision, Inspection and Quarantine announced that BMW Brilliance Automotive Ltd will recall 143,215 vehicles for electric power steering system problems.
The Children's Investment Fund demanded European Aeronautic Defence and Space Company to sell the 46% stake the latter holds in Dassault Aviation.
AXA Private Equity, NTT Communications, and Arkadin International have agreed on NTT Communications' acquisition of a majority stake in Arkadin.
Pennon Group announced that they had hired Ian McAulay as chief executive officer of Viridor Limited and executive director with the Pennon Group Board.
EMIS Group announced that it had acquired Digital Healthcare Limited for GBP3.1 million. The EMIS Group's board of directors announced it had acquired Digital Healthcare Limited.
A KKR executive revealed that his firm was keen on investing in structured debt and mezzanine deals in Australia.
Northstar Group announced it had bought ERA Realty Network for US$100 million. Northstar Group, an Indonesian private equity firm, revealed it had obtained ERA Realty Network for over US$100 million.
