Hawthorne Global Aviation Services purchased FBO development rights in Chicago. In an announcement, Hawthorne Global Aviation Services said that it had purchased from Sovereign Development Group the development rights for a Fixed Base Operator (FBO) at the Executive Airport of Chicago.
Corporations
Yahoo Sought Dissolution of Microsoft Deal for Google
Yahoo's Marissa Meyer sought to end the search ad agreement with Microsoft and opt for Google's very own.
China Mengniu Dairy Purchases Milk Producer
China Mengniu Dairy Co Ltd purchases shareholdings in China Modern Dairy Holdings. The China Mengniu Dairy Co. Ltd has recently entered into an agreement to purchase US$410 million shareholdings in the largest unpasteurized milk producer in China.
Petronas Purchases Oil Firm Shares
Petronas of Malaysia has purchased a stake in a Brazilian oil field owned by Eike Bautista. Petronas, the state backed Malaysian oil company Petronas has entered into an agreement to pay US$850 million for a stake in an oil field located offshore in Brazil.
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.
Latest News
Starwood Capital subsidiary purchases Blue Back Square Development for an undisclosed amount. Starwood Capital and Starwood Retail announced today that an associate acquired Blue Back Square.
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.
Medifox Group to grow with ECM Equity at the helm. On Tuesday, German Equity Partners IV, a fund administered by the independent German private equity firm, ECM Equity Capital Management GmbH has purchased MediFox Group.
Sainsbury to acquire Sainsbury Bank in full from Lloyds Banking Group. The third largest supermarket retailer in Britain, J Sainsbury is in deep discussion woth Lloyds Banking Group as to the acquisition of full ownership of the Sainsbury Bank joint venture.
Solvay forms a JV with peer INEOS as preparation for its exit from the business. Solvay, the plastic and chemicals manufacturer from Belgium is seeking an exit from its European PVC business through the formation of a jount venture with INEOS.
Betfair puffs up to block CVC Capital's takeover bid. On Tuesday, the online gambling company Betfair increased its profit forecast which included the company's target on cost savings.
Euroling has been purchased by EPiServer for the enhancement of its search engine SiteSeeker. EPiServer disclosed its purchase of Euroling, the Sweden based search provider.
Kopetz recapitalized through LMW2 capital infusion. Sikich Investment Banking disclosed its recently concluded deal, the recapitalization of Kopetz Manufacturing, Inc by LMW2 Partners, a private equity firm.
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.
