Commonwealth Bank of Australia Ltd plans to sell down its 8.6% stake in Kiwi Income Property Trust, which is worth NZ$95.7 million based on its last trading price.
Fund of funds
Local private equity in South Korea rises against foreign competition
Financial data from Mergermarket indicated an increasing influence of local buyout firms in South Korea, thanks largely to the support of the national government by relaxing regulations, a Financial Times report said.
Israel's Oramed Pharmaceuticals secures $13M in private placement- report
Oramed Pharmaceuticals Inc was able to secure $13 million from Special Situation Fund and Sabby Capital Healthcare, according to a report on Globes which cited sources.
KKR raises first real estate fund
Private equity company KKR & Co LP said on Tuesday it had raised a $1.5 billion real estate fund, its first dedicated investment pool for the asset class, which is rebounding in the United States amid a modest economic recovery.
Monte Paschi's top shareholder nears deal to sell its 20pct stake as shareholder meeting looms
Fondazione Monte dei Paschi, Banca Monte dei Paschi di Siena's top shareholder, is reportedly nearing a deal to divest its 20% stake in the Italian bank to three other banking foundations and a group of investment funds.
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The following bids, mergers, acquisitions and disposals were reported on Friday including ITC Holdings, Dave & Buster, Time Warner Cable, Banca Etruria, Cube Capital, Cargolux, Simon Property and Versace.
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
Texas-based tech giant Dell announced a new $300-million venture capital fund that will support enterprise technologies, big data, cloud computing, next generation data center, security, and mobility startups.
The Russian Direct Investment Fund announced today its joint venture with Baring Vostok Private Equity Fund V to invest in a coking coal business Tigers Realm Coal Limited.
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.
Boston-based private equity firm Mansa Capital Management was able to get additional funding worth USD 15 million for its initial healthcare fund, bringing to USD 50 million in total funds.
Despite the discount of costs to run hedge funds in the Asian-Pacific region, Citigroup Inc's recent survey revealed that not all hedge funds in the region are successes in expanding its assets and achieving profitability.
According to a Bloomberg report, American mutual funds are looking to make European investments, betting that the region will just begin its rally and as the US bull market has already aged.
