KKR & Co announced acquisition for Crosby Group and Acco Material Handling Solutions valued USD1 billion, said a Reuters report.
Industrials
KIK Custom Products to acquire Chemtura Corp's BioLab business for USD 315 million
Private equity-backed KIK Custom Products would be purchasing the consumer products business of Chemtura Corp in cash.
Congo government intends to increase free stake of new mining projects to 15%
The government of Congo had plans to implement changes to its equity agreements with mining firms, which includes increasing its free stake in all new mining projects from 5% to 15%.
Achates Power closes Series C financing round with USD 35.2 million
Achates Power completed its Series C funding round with USD 35.2 million from existing investors which included Sequoia Capital Partners, RockPort Capital Partners, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners.
Regency Energy to acquire PVR Partners in a USD3.88 billion deal
Regency Energy Partners LP would be acquiring PVR Partners LP in a USD3.88 billion stock and cash deal to expand to the natural gas market.
Latest News
Fiat CEO Sergio Marchionne had discouraged investors in a conference last week to participate in the upcoming debut of Chrysler Group, said a Reuters report.
Two major names, R Stephen Hannahs and Two Sigma Private Investments, announce the formation of Wings Capital Partners.
Sources told Bloomberg that Italian Prime Minister Enrico Letta was pushing for a state-controlled firm to back Alitalia in its planned merger with Air France-KLM.
Abraaj Group would put an undetermined amount in AIS Group. The Abraaj Group had announced last Monday a decision to invest in one of its funds in the African Industrial Services Group.
Montreal, Maine & Atlantic Railway Ltd. had hired Gordian Group LLC to sell the carrier, said a Bloomberg report.
As of 11 a.m. on Monday, the Indian Oil Corp was the only bidder left for the 31% stake of Haldia Petrochemicals, said sources.
Apollo Tyres and Cooper Tire & Rubber Co had been on a disagreement over a proposed decrease in price offered by Apollo to take over the US firm, reported Reuters.
The shares of Talisman Energy Inc had moved forward following the announcement of Carl Icahn's acquisition of around 61 million shares in the company, said a Reuters report.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
