Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
Finance/Venture
OUE said to accumulate US $476 million in IPO
The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
Allstate Corp sells insurance business to Resolution Life Holdings
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank buys the Great Florida Bank
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
Lexington Partners closes CIP III fund
Lexington Partners announced the closure of their new co-investment fund, Lexington Co-Investment Partners III, L.P. after obtaining at least US$1.50 billion from institutional investors.
Latest News
McGraw-Hill Education acquired minority ownership share in Tata McGraw-Hill Education Private Limited originally held by two Tata charitable trusts.
Goldman Sachs sells its majority share in REDI but will retain minority stake in the company. Goldman Sachs Group sold its majority stake in REDI, one of the pioneers of trading technology, to a group of investors.
Private equity firm J-STAR secured investment commitments amounting to JPY11.86 billion from both global and domestic investors.
BNP Paribas announced their investment as one of the founding shareholders in REDI Holdings LLC. BNP Paribas announced their investment as founding shareholders in the REDI Holdings LLC (REDI).
Battery Ventures, a US-based firm, acquired IHS GmBH from Kings Park Capital but details about the transaction were not disclosed.
Severn Trent Plc spent GBP19 million for counselling, legal and related costs in its buyout approach.
Infinity Resources Holdings Corp acquires the remaining 50% shares of Quest Resource Management Group for its subsidiary, Earth911 Inc.
Bluefield started trading on the London Stock Exchange. Bluefield Solar Income Fund has started trading on the London Stock Exchange. This marked the admission of the company's shares for unconditional trading.
ET Now's Nikunj Dalmia advised investors to keep Aurobindo Pharma in their radar. Nikunj Dalmia of ET Now shared his views on the stock market. According Dalmia, "It is a fractured market, a divided market.
