The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
Investors
Ex-Goldman Sachs director ordered to pay US $13.9 million for sharing corporate secrets
Rajat Gupta was fined US $13.9 million after court found him guilty of insider trading. Federal authorities ordered a former executive of Goldman Sachs Group Inc.
Swedish online eyewear shop buys two of its competitors
Mister Spex bought Loveyewear and Lensstore in a bid to enhance its international presence. Two Swedish online eyewear shops, Loveyewear and Lensstore had been bought by Mister Spex, also an optic shop with heavy online operations.
World Class Capital Group receives funding for Andrita Studios acquisition
Karlin Real Estate Lending provided World Class Capital Group with US$20 million to help it acquire Andrita Studios in Los Angeles.
Home Afrika to issue REITs to support growth targets
Home Afrika is set to create REITs that would finance several property projects in Sub-Saharan Africa.
Latest News
I Squared Capital opened a US$2 billion fund which will be used to invest in energy, utilities and transportation.
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
Linsalata Capital Partners sold The Tranzonic Cos. to Silver Oak Services Partners. Linsalata Capital Partners, a Mayfield Heights private equity firm, sold The Tranzonic Cos.
Lexington Partners announced the closure of their new co-investment fund, Lexington Co-Investment Partners III, L.P. after obtaining at least US$1.50 billion from institutional investors.
Dorel Industries and Trek Bicycle Corp acquired Tour de France teams amidst doping scandals. Trek Bicycle Corp and Dorel Industries Inc. announced that they are investing in Tour de France teams amidst doping scandals.
CPFL Renováveis announced the closing and completion of their US$459.49 million public offering. CPFL Energias Renováveis SA announced the completion of their public offering.
The intellectual asset management provider gets a significant investment from Insight but the agreement’s terms were not fully disclosed.
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
