Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Institutional investors
SandRidge Deal to Lead to CEO Exit
CEO exit mulled as Sandridge strikes deal with TPG-Axon. SandRidge Energy Inc has forged a deal with hedge fund TPG-Axon Capital whose implication can lead to the exit of the company's chief executive officer.
Citadel to Sell off E*Trade Stake
E*Trade will close books with Citadel on or before March 19. E*Trade Financial Corp's largest investor, Citadel LLC is in the process of selling off its interests in the firm.
UBS Has No Plans To Sell
Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
Investcorp Gets US$1 billion in assets
Bahrain based Investcorp claims recovery from recession. Investcorp of Bahrain is on an expansion quest in the Gulf region, choosing to be closer to home compared to previous thrusts into Asia and Africa for new business and ventures.
Latest News
Two separate suits granted class action status against the US government by AIG shareholders. Two separate groups of shareholders have been granted class action status from a US Federal Court judge.
Krono lists Distressed Asset Bonds in Danish bourse. Krono Partners PLC has announced that it would be introducing its distressed asset bonds for listing on the GXG Market.
US Bank Tower, the building blown up in the movie "Independence Day", is to be purchased by overseas investors.
MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Apollo Global's Constellium to open with IPO. Apollo Global Management is conducting its interviews of banks for the initial public offering of Constellium, a company that makes aluminium products for the transportation and aerospace industry.
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Absa, a Barclays subsidiary to establish fund to purchase African equities. The Johannesburg based subsidiary of Barclays Plc, Absa Asset Management is planning to establish a US$100 million fund to be used to invest in African shares.
Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
