GMR Infrastructure Ltd. has began the process for the $300-$350 million initial public offering it is planing for its airport business. It has reportedly tapped Citigroup, JPMorgan, Axis Capital and Infrastructure Development Finance Company to manage the listing.
Investors
Goldman Sachs grants $120 million pre-IPO loan to Chinese warehouse firm
Investment bank Goldman Sachs Group will provide a $120 million loan to Warburg Pincus-backed warehouse firm e-Shang. e-Shang reportedly plans to go public in the next few years.
Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks
The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.
Romania's Fondul Proprietatea exits from entire stake in Transgaz
Fondul Proprietatea on Thursday said it has put up for sale its 15% stake in state-owned gas grid operator Transgaz SA. The Romanian restitution fund raised RON303.5 million in its exit deal.
Han's Laser purchases Israel's Nextec as overseas expansion effort
China-based professional laser equipment manufacturer Han's Laser Technology Co bought Israel-based Nextec Technologies in its effort for expansion amid slow growth in the Chinese laser measurement devices market.
Latest News
Bloomberg Television said has forged a partnership with privately-held firm Encorp Group Sdn Bhd to establish the first business news channel in Malaysia next year.
Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.
German frozen food products supplier Hofmann Menu Manufaktur has been sold to Switzerland-based private equity firm Partners Group AG. Financial terms of the deal, however, remains unknown.
Bangalore-based big data startup Spire Technogies reportedly secured $8 million in a Series A funding round to help its clients manage talent to expand into Asia and the US.
The earnings of Men's Wearhouse Inc for the fiscal third had beaten analysts' estimates, driven by an increase in sales. The retailer turned the tables on Jos. A. Bank Clothiers with its own buyout offer after rejecting the smaller rival's earlier bid.
Chicago steak and seafood supplier Allen Brothers has been sold to publicly-traded specialty food products distributor Chefs' Warehouse Inc. for $29.9 million. Under the deal, Chefs' Warehouse will be paying $20 million in cash and $9.9 million in debt.
A group headed by Dallas investor Tom Hicks has bought Dallas-based automotive services chain Just Brakes for an undisclosed sum, with plans to improve and expand the said business.
A South Korean court awarded Apple a legal victory on a patent infringement case filed by Samsung Electronics Co. The decision would enable Apple to continue selling its products in South Korea, Reuters said in its report.
Austin-based mobile app maker Apptive announced it has secured $1 million in funding to fuel the expansion of its partnerships with online merchants and e-commerce platforms.
