Sidley Austin LLC had announced Timothy Spangler joining the firm as its new partner for its Global Investment Funds unit.
Finance/Venture
KKR to acquire 5% interest in Marvell - sources
One source told Businessweek that private equity firm KKR & Co might propose a leverage buyout offer to Marvell Technology Group Ltd.
Experian expands to healthcare with USD850 million strategic acquisition of Passport Health
Experian said it would be buying Passport Health Communications for USD850 million. According to a statement by British credit data provider Experian, it would be acquiring Passport Health Communications.
Bank of Nova Scotia rebrands and launches Tangerine
ING Groep NV's Canadian online bank is to be known as Tangerine. ING Groep NV's Canadian online bank was purchased by the Bank of Nova Scotia.
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.
Latest News
The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.
According to a source, Troy Carter apparently had been busy not managing Lady Gaga's music career, causing the music artist to sever ties with her long-term manager.
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Pimco Total Return lost its title as the biggest mutual fund to Vanguard Total Stock Market Index. Vanguard Total Stock Market Index overtook Pimco Total Return as the world's largest mutual fund by assets.
Spire Capital would be selling Just Marketing International to Chime Communications in deal worth USD 76 million.
Morgan Stanley posted losses on seven trading days in the third quarter but losses did not go over its value-at-risk.
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
Velocity Venture Capital accepted 10 technology startups into the third level of its Business Accelerator program.
Carlyle Group hired weteran buyout Warburg Pincus executive Kewsong Lee to be its Deputy Chief Investment Officer.
