Stephen Feinberg, owner of Cerberus Capital Management, may bid for shareholdings of Freedom Group after his own firm is selling off the shares.
Investors
ING US to Raise Funds through IPO
ING US, the subsidiary of Dutch ING Groep NV would be offering 64.2 million shares in its IPO priced between US$21 and US$24 per share.
Cathedral Capital Up for Sale
Cathedral Capital offered for sale by Lloyd's of London. According to reports, Lloyd's of London insurer Cathedral Capital is up on the auction block.
Paulson Votes for Dish deal for Sprint-Nextel
John Paulson says that Dish offer is more than just investment, it is also spectrum and synergy. According to hedge fund giant John Paulson, the US$25.
Fairway Market Raises US$178.1 million in IPO
Fairway Market offers 13.7 million shares at US$13 per share totaling US178.1 million. Fairway Market, the high end grocery store chain, has announced the price of its initial public offer of 13.
Latest News
Brookfield Management spin off completed through share dividends. In an announcement today, Brookfield Asset Management Inc disclosed that the spin-off of Brookfield Property Partners L.
Energy Future Holdings has proposed a bankruptcy plan to manage the company's debt. Formerly known as TXU Corp, Energy Future Holdings has presented a pre-formatted bankruptcy case that would restructure its debt of $32 billion but no agreements have been finalized according to the company last Monday.
Haltermann, HIG Europe's unit, has acquired PCL for a new firm. The European arm of private equity firm HIG Capital, HIG Europe, has announced that one of its portfolio companies, Haltermann Holding GmbH had acquired Petrochem Carless Holdings Ltd.
Pine Tree raises nearly US$100 million in new capital funding. The Miami, Florida based private equity firm Pine Tree Equity III, LP disclosed to the public that it was able to close a US$100 million third private investment fund in April 2013.
Booker has raised US$27.5 million in series financing. The former GramercyOne firm now called Booker is the leading service management platform which helps small and medium sized multi-location enterprises that unifies operations into a single cloud based system.
The merger created the largest European infrastructure group and the biggest savings on record for the companies.
Suntech, in a bid to trim its debt, it would be selling off its Italian assets and shareholdings. A company spokesman said that Suntech Power Holdings Co.
Panasonic of Japan is selling part of its shareholdings in its healthcare unit for expansion plans. Panasonic Corp of Japan has engaged the services of Bank of America Merrill Lynch in order to sell a part of its healthcare subsidiary, The deal could raise as much as US$1 billion for the electronics company, according to two sources familiar with the transaction who spoke on condition of anonymity.
China interested in purchasing the ConocoPhillips share in the Kashagan oil field in Kazakhstan. China has indicated an interest in purchasing a stake in US oil company ConocoPhillips in a multinational consortium aiming to develop Kazakhstan's Kashagan oil field.
