Jones Group on Thursday announced that it will be bought by private equity firm Sycamore Partners for $2.2 billion, including the assumption of its debt. Sycamore valued Jones Group shares at $15 apiece.
Institutional investors
Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore
Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore. Carlyle as of September this year had invested $1.1 billion in India.
Constar International Holdings, which lost its contract with PepsiCo last year, filed for its third bankruptcy in a bid to complete the sale of the company
Constar International Holdings, which lost its contract with PepsiCo last year, filed for its third bankruptcy since 2008. Constar filed for Chapter 11 protection as it hopes to nail down its sale to Amcor Rigid Plastics USA.
New York-based firm Floored Inc has raised $5.3 million in a Series A funding round led by RRE Ventures to develop its technology
New York, US-based firm Floored Inc has raised $5.3 million in a Series A funding round led by RRE Ventures for its technology that allows real estate professionals to create a 3D model of properties.
Cyanogen raises $23M in Series B funding to improve customized Android operating system
Palo Alto, California-based Cyanogen has closed $23 million in Series B funding from Andreessen Horowitz and Tencent to expand its workforce and develop its CyanogenMod mobile operating system.
Latest News
Investment bank UBS AG has put up for sale its administrative services arm for employee equity plans to simplify its operations. Corporate Employees Financial Services International will be sold to Montagu Private Equity.
The Ohio Third Frontier Commission has awarded Synapse Biomedical with $2.4 million to further the design and development of its NeuRx technology, a platform that is used to treat patients with respiratory insufficiency.
Abraaj Capital Ltd said it intends to make one more investment in Turkey after it had acquired an 80% stake in a dairy maker this month, Bloomberg reported.
Tech investment in Brazil is set to grow by 6% and investments for IT training will almost double in 2014, according to a recent survey among 1,000 decision makers in large and medium enterprises.
More state-owned companies in China may be sold off as private entities in a bid to improve economic, according to a Chinese official affiliated with the agency that controls the country's largest state firms.
Austria's OMV will divest its 45% stake in German oil refinery Bayernoil to Varo Energy for an undisclosed amount. Varo Energy is a partnership between Swiss oil trading firm Vitol and American private equity firm Carlyle Group.
Fosun International, controlled by Chinese tycoon Guo Guangchang, is seeking to acquire apartments, hotels and offices in New York as well as in other US cities after its purchase of lower Manhattan landmark 1 Chase Manhattan Plaza.
LIG Insurance Co. has put up for sale a controlling stake of 20.96% in the South Korean non-life insurer to compensate investors for losses sustained after buying debt issued by its affiliate. It has hired Goldman Sachs Group to advise on the sale.
Citigroup Inc chose to work with AIA Group in a 15-year agreement allowing the latter to sell life insurance through its branch network in 11 countries, Bloomberg reported.
