Singapore sovereign wealth fund GIC has signed a deal to invest in London’s Broadgate development through a joint venture partnership with UK-based real estate developer British Land.
Deals
Canadian Pacific Railway to sell western portion of line to G&W in $210M deal
Canadian Pacific Railway Ltd said it will be exiting a part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc for a price tag of $210 million.
Eike Batista's Oleo e Gas to honor $31.2 million oil field debt
Oleo e Gas Participacoes, controlled by Brazilian investor Eike Batista, promised to repay its $31.2 million debt in two oil fields located south of Rio de Janeiro. Oleo e Gas could lose its 40% stake in the said oil fields if it fails to repay its joint venture partners.
Baotou Rare Earth acquires nine regional miners in China
China-based rare earth metals producer Inner Mongolia Baotou Steel Rare Earth Group has added nine regional mining firms as part of a government bid to consolidate the industry.
Spain's Codere seeks creditor protection amid €1.27 billion debt restructuring
Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.
Latest News
Investor demand for shares of auto lender Ally Financial has grown as evidenced by the increasingly high prices paid for them in recent private transactions, sources told Reuters.
IMS Health Holdings, which is backed by private equity fund TPG Capital Funds LP, Leonard Green & Partners LP and pension fund Canada Pension Plan Investment Board, said in a filing with the US Securities and Exchange Commission that it intends to raise as much as $100 million in a listing at the New York Stock Exchange.
House of Fraser, a 160-year-old department store chain based in UK, expects a floatation by the end of 2014. The British retailer however remains in exclusive talks with French peer Galeries Lafayette on a possible buyout.
Australia-based protective clothing manufacturer Ansell Ltd has completed the purchase of US-based firm BarrierSafe Solutions International in a deal valued at $615 million (A$692.29 million).
Through a joint venture formed with Shanghai Pudong Development Bank Co formed in 2012, US-based Silicon Valley Bank looks to meet the demand of investors for China funds.
VentureBeat reported that 2013 was a good year for venture capital firms as it was the third quarter in a row when there were more than 20 venture-backed companies that held their public debuts.
California, US-based security company FireEye purchased Virginia-based firm Mandiant for $1 billion in the biggest security deal of 2013.
New York, US-based media valuation platform Integral Ad Science has raised $30 million in a Series D funding round led by August Capital, according to a disclosed regulatory filing.
Delmarva Bancshares Inc, the bank holding firm for the National Bank of Cambridge, was able to raise $11 million in a private placement participated in by a group which included Castle Creek Capital.
