UBS banker, also a vice chairman at UBS is leaving for Blackstone Group. According to two anonymous sources familiar with the move, the global head of industrial investment banking of UBS has resigned from the bank to join the advisory business of The Blackstone Group.
Europe
ENRC Co-Founders Mulling Takeover Bid
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
Hermes Purchases Shareholdings in Joseph Erard
Hermes purchases stake in Joseph Erard in a bid to shore up supplies for their upscale watch brands.
Lloyds Bank Engages Bank for Sale
Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
KPMG Acquires Makinson Cowell
KPMG purchases Makinson Cowell to assist in determining shareholder opinion on company management. KPMG is in the process of acquiring Makinson Cowell, the London-based corporate advisory firm.
Latest News
CVC to purchase all of shares of Ista it does not already own. CVC, the private equity group is purchasing shares that it does not already own in Ista, the energy metering firm from Germany.
OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.
HitecVision acquires Deep Sea Mooring. HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway.
Riding high on the UBS backlash, Actelion investors reject plan for executive compensation during shareholder meeting.
Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
Allecra Therapeutics raise new funding. Edmond de Rothschild Investment Partners disclosed to the public the primary investment of BioDiscovery 4 through its participation in the Series A financing round of Allerca Therapeutics.
SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
Tele2 is exploring acquisitions in Europe and Eurasia. Tele2, the Swedish telecommunications firm after its recent Russian exit, is now in search of acquisitions located in Europe and Eurasia.
M.Video, Russia's biggest electronics retailer has sought permission from government regulators as to the projected acquisition of Eldorado.
