Advent International makes USD1.58 billion cash offer for UNIT4

Private equity firm Advent International made a cash offer of USD1.58 billion for Dutch business software maker UNIT4 NV in a deal that was recommended by UNIT4 to its shareholders.


CDC Group set to back Green Infra with USD 25 million investment

CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.

International lenders with broker-dealer carry risks to financial stability- Eric Rosengren

Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.

Corporate Travel Management to buy majority stake in Westminster Travel

Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.


Latest News

South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
Etihad Airways, the national carrier of the United Arab Emirates, said it has bought a 33.3% stake in Swiss carrier Darwin Airline for an undisclosed amount.
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Sources who were familiar with the proceedings said the bidding group who planned to buy the aircraft-leasing unit of American International Group Inc would be welcoming Chinese financier Xiao Jianhua and Taiwanese tycoon Richard Tsai as its additional partners.
China's recent government CNY20 billion or USD3.3 billion bond sale recorded a 5.3% yield, which was the highest obtained by the mainland since selling debt since 2009.
The US Department of Justice and the Securities and Exchange Commission said bitcoins offer legitimate financial services. The regulators said the digital currency offered various benefits and risks.
Vietnam-based Ho Chi Minh City Housing Development Commercial Joint-Stock Bank (HDBank) revealed an on-going discussion with three Japanese firms about the sale of 30% of its stake.
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
TrimTabs Investment Research revealed that investors had poured an estimated USD 34.1 billion in equity mutual funds and exchange traded funds in the four weeks ending November 13.
Private equity company RRJ Capital said it has already began to market its Asian real estate fund which will focus on China. RRJ Capital is looking to raise USD 1 billion for the fund.
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