Cerberus stated that it had sold their entire remaining stake in Aozora Bank, completely exiting their stake from the bank.
Finance/Venture
Lower claims from investments boosts Direct Line
Direct Line Insurance Group gained profits after lower claims mitigated offset placements. The United Kingdom's largest insurance provider for homes and automobiles, Direct Line Insurance Group, said that weather events in the country prevented the lowering of investment returns.
Thoma Bravo purchases Intuit Financial Services to recreate Digital Insight
Thoma Bravo completed its purchase of Intuit Financial Services to recreate Digital Insight. Private equity firm Thoma Bravo announced the completion of its purchase of Intuit Financial Services.
Man Group assets shrink by USD 52 billion as clients pull funds
The managed assets of the largest publicly-traded hedge fund in the world shrunk by as much as USD 52 billion in the first half.
Slow year for cross-border M&A: Thomson Reuters
Thomson & Reuters data revealed 2013 to be a weak year so far for international mergers and acquisitions.
Latest News
AIG announced that they are resuming talks with a Chinese group regarding the sale of its aircraft leasing unit.
HootSuite financiers revealed that Blumberg Capital had earned up to 520% from their initial investment in HootSuite.
Green Delta Capital Limited revealed that it had signed a memorandum of understanding with BD Venture Limited to ensure cooperation between the two companies in various business sectors.
GIC Pvt. Ltd. stated that it was considering more investments in the US. One of Singapore's sovereign wealth funds, GIC Pvt Ltd, announced its preparations for the possible volatility of markets and economies in the second part of this year.
Fortress Investment Group said that they are pushing Blackstone Group LP to sell and exit investments.
Last Thursday, jurors looked for clarity on information to be able to decide on the case of the former Goldman Sachs vice president, Fabrice Tourre.
Sentinel Capital Partners closed its largest fund to date with US$1.3 billion. Private equity firm Sentinal Capital Partners completed its fifth fund, Sentinel Capital Partners V L.
Oxford Finance approved the US$7.2 million loan proposed by Nursing facilities investor Pritok Capital.
Chicago-based RCP Advisors gained US$425 million additional funding for its Secondary Opportunity Fund II.
