Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.
Institutional investors
Temasek Purchases 5% of Evonik
Temasek buys stake in Evonik. Temasek Holdings, the Singapore state investor will purchase shares in the German company, Evonik Industries according to people close to one of the owners of Evonik.
Buyout Offered for Simcere Pharma
Chairman of Simcere to buyout shares. A consortium led by its Chairman Jinsheng Ren has offered to buyout Simcere Pharmaceutical Group. The China based pharmaceutical firm was priced at US$9.
Directors Hoping Repeat Success
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
Sistema Shyam Wins Bid
Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.
Latest News
Lender engages six banks to facilitate bond sale. Dubai's largest lender, Emirates NBD, has engaged the services of six major banking institutions to arrange a subordinated bond sale for the company.
Henkel is the front runner for the vacant ThyssenKrupp Chairman position. Ulrich Lehner, former Henkel CEO is tabbed to be the next chairman at ThyssenKrupp.
Investment Dar sells off stake to pay debts. The controlling shareholder for Aston Martin, the British car maker is Investment Dar Co. The company has agreed to sell its stake in the beleaguered Bahraini Islamic Bank for US$92 million as the company restructures its debts.
Tiger Global buys Cobone. The largest daily deal company in the Middle East, Cobone. com was purchased by Tiger Global Management. The international investment firm gave additional funds to the Middle East Company to expand its long term obligations at home.
Hanmi sales discussions stalled with rival banks over valuation and management. Discussions for the sale of Hanmi Financial Corp have stalled because of a number of disagreements over management and price per share.
Chesapeake files suit against BNY Mellon. Chesapeake Energy Corp has gone to court to sue its trustee Bank of New York Mellon Corp seeking redemption of more than US$1.
KKR buys Gardner Denver for US$3.74 billion. Gardner Denver Inc had agreed to be sold to KKR and Co LP for the price of US$3. 74 billion. Industry experts though still have lingering doubts as to the valuation of the company as it was undeevalued because of the sale.
TPG's real estate expansion reaping dividends. Two years into its expansion into real estate, TPG Capital has been able to parlay US$2 billion worth of equity investments in properties.
Numeric Investors is a fund manager that is putting itself up for sale. According to Mike Even, Numeric Investors President and CEO said that it is putting the firm up for sale.
