Corporations
Germany's Perusa exits Kamman Maschinenbau
Perusa revealed that it sold its 85% stake in Kamman Maschinenbau to KBA. Perusa, a German private equity group, had exited its position in Kammann Maschinenbau.
Champ Private Equity to exit Centric Wealth for US$200 million
Centric Wealth confirmed that its majority stakeholder, Champ Private Equity, intended to sell the company for around US$200 million.
Penske Automotive Group acquires Western Star Trucks Australia
Penske Automotive Group said that they are set to acquire Western Star Trucks Australia for US$200 million.
Rockwood to sell CeremTec to Altana AG's Cinven Ltd
Altana AG' Cinven Ltd acquired CeremTech from Rockwood for US$635 million. Rockwood Holding Inc announced that they are set to sell CeremTech to Altana AG's Cinven Ltd.
Latest News
Publicis and Omnicom hired New York based Moelis & Co and the Paris-based adviser Rothschild for their merger.
The Thales Group announced that they are set to ink the deal with Malaysia's Keretapi Tanah Melayu Bhd (KTMB) tagged at RM380 million.
DLF announced that it is entertaining private equity firms after ending the talks to sell Aman Resorts with Zecha.
A survey by Jones Lang LaSalle reported that private equity investments into Europe by large funds have reached their highest levels since 2007.
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Google discontinued its Chromecast-Netflix subscription promo after receiving "overwhelming demand".
Zynga CEO Don Mattrick planned to start his first 90 days assessing and reviewing the entire business.