Industrials

Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.

CORWIL acquired by Tonka Bay Equity partners for an undisclosed amount. Tonka Bay Equity Partners announced their acquisition of CORWIL Technology Corporation.

Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.

Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.

Latest News

By selling off its 7.4% shareholdings in EADS, Lagardare exits from the ownership structure of EADS.

The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.

Patrizia led a consortium that won the bid for the luxury property holdings unit of GBW. Patrizia, the German real estate company, announced a consortium it had headed won the bidding for the purchase of rival GBW.

Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.

KKR is going to purchase the Alliance Tire Group through a leveraged buyout of US$650 million cash and US$125 million in debt.

Sovcomflot's IPO has been shelved by the Russian Government due to unfavorable market conditions.

Transdev would be selling off assets to pay off debts. Veolia Transdev, the French transport group is forecasting 'enormous' demand for its assets.

Milestone Partners Fund IV has raised US$300 million and acquired new assets. Milestone Partners has announced the final closure of Milestone Partners IV LP with funding amounting to US$300 million.

In a bid to capture middle class travel in Southeast Asia, Indonesian airline PT Mandala Airlines is set to spend $1.6 billion to buy 18 Airbus A320 planes by 2014.

Petronas, whose real business name is Petroliam Nasional Bhd, offered higher price to buyout shipping company.