Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Investors
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.
Australia’s largest retailer takes major hit from hardware venture
Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
Harrison Street raises US$750 million
Harrison Street Real Estate Capital sealed its fourth fund after raising US$750 million from various investors.
Latest News
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.
Private equity firms, Providence Equity Partners and ChrysCapital, reported that it may exit Idea Cellular and HCL Technologies respectively in the near future.
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
