Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
Investors
Oman Oil Company acquires Oxea from Advent International
Oxea was purchased by Oman Oil Company from Advent International for EUR1.8 billion. An agreement was formalized between Oman Oil Co and Advent International for the purchase of Oxea.
Achates Power closes Series C financing round with USD 35.2 million
Achates Power completed its Series C funding round with USD 35.2 million from existing investors which included Sequoia Capital Partners, RockPort Capital Partners, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners.
Deyaar to invest in two new towers in Dubai's Business Bay District
In an interview with Bloomberg, Deyaar Properties CEO Said Al-Qatami confirms the investment in buildings located in Dubai.
Etihad increases stake in Virgin Australia
Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.
Latest News
Mobile financial solutions provider Level initially closed its Series A funding round with USD 5 million.
CalCEF Clean Energy Angel Fund sold Allopartis Biotechnologies to Novozymes. CaICEF Clean Energy Angel Fund I exited from its portfolio company Alloparties Biotechnologies Inc.
Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
The Carlyle Group obtained approval from the Southwark Council Strategic Planning Committee for the South Bank development project.
Liberty Media said it bought back 5.2% of its own stock from Comcast Corp for USD 417 million. Liberty Media Corp bought back 5. 2% of its own shares from Comcast Corp in a cash deal worth USD 417 million.
Investors in CSPC Pharmaceutical Group Inc have offered shares for sale in order to raise funds. The affiliates of Hony Capital Ltd have sought to raise USD260 million through the sale of shares in CSPC Pharmaceutical Group Ltd.
Peabody Energy Corp had finalized an agreement for bankrupt Peabody retiree health care benefits. CORRECTION: Removes reference that Patriot Coal is a subsidiary of Peabody Energy.
Regency Energy Partners LP would be acquiring PVR Partners LP in a USD3.88 billion stock and cash deal to expand to the natural gas market.
In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
