According to a Bloomberg report, Blackstone Group has made its mark as one of the largest warehouse landlords in the US with its industrial real estate firm formed three years ago, which is already two times its size.
Deals
Pearson acquires Brazil's Grupo Multi for GBP440 million
UK-based multinational publishing and education company Pearson reportedly agreed to buy Brazilian Grupo Multi for GBP440 million in a cash and debt assumption. Grupo Multi provides English language training to over 800,000 students in Brazil.
South Korean entertainment firm Wellmade StarM buys DreamT Entertainment
Seoul-based entertainment agency Wellmade StartM acquired DreamT Entertainment for KRW1.1 billion (USD1.04 million), following a growing trend of mergers and acquisition in the entertainment industry.
Illinois to sell USD350 million in general obligation bonds after pension reform bill vote
Illinois intends to sell USD350 million in general obligation bonds in a sale initially slated on December 12. Illinois legislators are set to vote on a pension reform bill that could save the state around USD160 billion in 30 years.
State-backed Cool Japan Fund to invest in TV channels and retail properties offshore
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese companies and is led by a former Carlyle Group executive.
Latest News
Dairy farmer Geoff Akers, the new chair of Dairy Australia, says the surge in takeover bids for milk processing companies is a good change for the industry.
The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.
QEP Resources recently announced that it will split its QEP Field Services division to a separate entity as well as its holding in QEP Midstream Partners. QEP Resources had been under fire from activist hedge fund Jana Partners.
Ohio-based plastic compound and resin supplier A. Schulman Inc announced the completion of its acquisition of US engineered plastics distribution business Network Polymers Inc in a deal valued at USD49.5 million.
The Federal Trade Commission in a statement said the US government approved Microsoft Corp.'s acquisition of Nokia's mobile phone business on November 29. The European Union is set to decide on the matter on December 4.
Hamburg-based mobile developing firm Fishlabs has been bought by publisher Koch Media, and its co-founders Michael Schade and Christian Lohr are set to leave the firm.
India's Foreign Investment Promotion Board has given the green light to Hennes & Mauritz's (H&M) INR7.2 billion (USD115 million) investment. The Swedish retail-clothing company looks to open 50 stores in India.
New York-based asset management firm The Rohatyn Group announced that it has completed the acquisition of private equity investment firm Citi Venture Capital International (CVCI).
Children's Place, the largest children's apparel retailer in the US, is in talks with Arvind Brands about a possible India entry next year. Children's Place is looking to expand its market outside North America.
