Saudi Electric would float new sukuk bonds through two banks. The Gulf region's largest utility company, Saudi Electricity Co has chosen two banks to schedule meetings with fixed income investors from Europe and North America for possible debt agreements.
Investors
NFL and Providence Equity Form Partnership
The partnership between the NFL and Providence Equity would focus on sports and entertainment assets.
Agrium Gets More Backing for Proxy Fight
Agrium gets backing from two major stockholders against Jana Partners proposals. Agrium Inc, the Canadian agricultural company received additional support in its proxy fight with Jana Partners, the hedge fund firm.
Bahri to fund Vela purchase with sukuk bonds
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
Sunac and Greentown Strengthen Partnership
Sunac Greentown venture purchases land in Shanghai's Huangpu District for US$1.45 billion. Greentown China Holdings Ltd and Sunac China Holdings Ltd forged deeper bonds when it purchased a Hong Kong holdings company that has central Shanghai land assets in its portfolio.
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Suntech would be the first Chinese company to default on unpaid bonds. Suntech Power Holding Co. Ltd. received a notice of default yesterday from its trustee handling their $541 million in bonds outstanding.
Carlyle Group founders announce earnings for 2012. Each founder of Carlyle Group LP received $57. 6 million each in earnings from their shares in the private equity firm and executive salaries in 2012.
Warburg Pincus converts compulsorily convertible preference shares to increase stake in Capital Finance.
Value First purchases clk2c.com lock stock and barrel. ValueFirst Digital Media Pvt Ltd has recently acquired clk2c. com for an undisclosed amount. The purchase of the Gurgaon based digital media company would result in the acquisition of the mobile video service technology platform and its entire team.
Chesapeake Energy issues redemption notice despite failing to get injunction issued. Last Friday, Chesapeake Energy Corp issued an announcement that it would commence its plan of buying back US$1.
Oktogo.ru receives capital infusion from consortium headed by Victor Sazhin. Oktogo. ru, receives an $11million funding infusion from a new group of venture capitalists.
Rosetta purchases oil shale acreage from Comstock. Rosetta Resources Inc, the oil and natural gas producer, would be investing in Comstock Resources Inc's acreage located in West Texas Permian Basin.
Silver Lake raises funds to support Michael Dell's plans. The technology focused private equity firm Silver Lake Partners has raised US$10 billion in an effort to add on to its US$24.
BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
