Ratos and Bonnier to merge cinema interests in Nordic region. Ratos, the private equity firm and Bonnier the publishing giant has agreed to the merger of their cinema chains Finnkino and SF Bio respectively.
Institutional investors
UAE Firm Formalizes African Deal
Mulk Holdings forms joint venture with Suzan General Trading in Africa. The UAE2 billion dinar conglomerate Mulk Holdings has recently unveiled its first venture into the African continent through an agreement with Suzan General Trading.
Liberty to Purchase Stake in Charter Communications
Liberty purchases 25% Charter Communications. The Wall Street Journal recently reported, citing anonymous sources, that Liberty Media Corp will be purchasing 25% stake in Charter Communications.
NFL and Providence Equity Form Partnership
The partnership between the NFL and Providence Equity would focus on sports and entertainment assets.
Agrium Gets More Backing for Proxy Fight
Agrium gets backing from two major stockholders against Jana Partners proposals. Agrium Inc, the Canadian agricultural company received additional support in its proxy fight with Jana Partners, the hedge fund firm.
Latest News
Rate cuts instituted to entice investors to capitalize with Fidelity China. Fidelity, the fund manager, announced that management charges paid annually on Anthony Bolton's Fidelity China Special Situations Investment Trust by investors will have a price discount.
Warburg Pincus converts compulsorily convertible preference shares to increase stake in Capital Finance.
Oktogo.ru receives capital infusion from consortium headed by Victor Sazhin. Oktogo. ru, receives an $11million funding infusion from a new group of venture capitalists.
Silver Lake raises funds to support Michael Dell's plans. The technology focused private equity firm Silver Lake Partners has raised US$10 billion in an effort to add on to its US$24.
BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
Indian government NALCO share sale nets US$116 million. It was reported on Friday that the Indian government was able to raise $116million as proceeds of the sale of their shares with National Aluminium Co Ltd (NALCO).
Three more executives expand Carlyle Group Management Committee. The Carlyle Group, one of the world's top Global Alternative Asset Managers, has announced the addition of three Carlyle executives to the company's Management Committee.
Restructuring plan for Berlian Laju received from creditors. PT Berlian Laju Tanker, Indonesia's foremost oil and gas shipper, was able to reach an agreement with its lenders to restructure their loan of $1.
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
