The real estate loan portfolio GE Capital Real Estate acquired from Deutsche Postbank contained commercial property loans that had been backed against prime real estate located in central London, France and Germany.
Investors
US Bancorp subsidiary purchases Quintillon to expand its alternative investment business in Europe
The consolidation of US Bancorp Fund Services and Quintillion Limited would allow the former to expand its operations in Europe via its new strategic headquarters in Dublin.
Intuit to acquire privately held Prestwick Services
Intuit Inc. said today that it will acquire workers' compensation payment solutions provider prestwick services. It said it signed a definitive agreement to acquire privately held prestwick services, a subsidiary of Prestwick Holdings
Apartment List raises USD15 million in Series A financing lead by Matrix Partners
The USD15 million in new investment Apartment List managed to raised in its recently-concluded Series A financing would go towards the efforts of making the platform more friendly to apartment renters.
New Asia macro fund to be set up by former HSBC economist in March
Counterpoint Asian Macro Fund is a new macro fund established through a venture between former HSBC Holdings Plc economist Geoff Barker and City Financial Investment Co.
Latest News
The potential sale of the indices platform of Barclays, which includes the Barclays US Aggregate Bond Index, came at the heels of an approach by MSCI, an equity index provider, to acquire the index business.
Prior to meeting with UK's Members of the Parliament regarding claims that Royal Mail's shares in its initial public offering were undervalued, UBS issued a note to investors saying that they need to divest their shares in the postal service.
An article on Bloomberg provided its observations on how the stock rally had influenced the increasing number of initial public offerings on the Japan bourse starting this year.
Taiwan-based Largan Precision Co has taken Samsung Electronics Co to court for patent infringement regarding its camera lens. The South Korean company allegedly used the Largan's patented lens its Galaxy Note and S series smartphones.
Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD100 million funding from private equity firm Denham Capital.
London-based pharmaceutical giant Glaxo SmithKline (GSK) completed the sale of its 28.2 million shares in Aspen Pharmacare at ZAR250 per share, raising a total of USD694 million in proceeds.
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
Burger King Worldwide said that it has inked a joint venture partnership with South Asian private equity firm Everstone Group to bring the hamburger restaurant chain in India.
Singapore-based firm CapitaLand, the biggest developer in Southeast Asia, announced the sale of its 59% stake in Sydney-based Australand Property Group at AUD3.865 to AUD3.750 per share.
