Forest Laboratories is close to an agreement to buy New Jersey-based specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital. Forest will pay $3 billion for Aptalis.
Institutional investors
E-learning company Skillsoft explores $2B sale, including debt -sources
Skillsoft Ltd., which provides electronic learning solutions to over 6,000 customers worldwide, is reportedly seeking a sale that would value it at $2 billion, including debt. Skillsoft is owned by private equity firms Berkshire Partners, Advent International Corp. and Bain Capital.
World's largest dairy group buys India's Tirumala Milk Products for $275M -sources
Le Groupe Lactalis reportedly acquired India's Tirumala Milk Products for $275 million. Lactalis bought the 74% stake held by Tirumala Milk's founders and the remaining 26% from private equity firm Carlyle Group.
Spain's Codere gets 30-day grace period on €127M loan
Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.
TPG eyes Shell assets in Australia -report
Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.
Latest News
For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
Borrowing costs for the Eurozone countries that experienced the brunt of the crisis dropped after a high demand from investors for 10-year bonds offered by the Irish government, the Financial Times reported.
Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported.
Hedge funds have increased their bullish gold bets amid predictions given by analysts that the price of the bullion will continue to go down this year, Bloomberg reported.
Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.
Vietnam has increased the foreign ownership caps in banks from the previous 15% to 20% in a bid to boost the country's ailing banking system, according to a government statement.
Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
Bahrain private equity firm Investcorp has bought a significant minority stake in Turkish fresh cut and packaged processed red meat producer Namet for an undisclosed sum. Early this year, Investcorp acquired a 25% stake in Saudi Arabia's Leejam Sports Co.
