A, the venture capital unit of Russia's Alfa Group, has expressed interest in forming a group to restructure troubled Central European Distribution Corp.
Investors
Petronas Towers to become REIT Property
Iconic Petronas Towers to be a REIT. A restructuring deal struck by KLCC Property Holdings Bhd would transform Malaysia's Petronas Towers into the country's largest real estate investment trust.
HP and Cosco Establish Greek Hub
Piraeus is now the shipping hub for HP through Cosco Shipping. A deal was inked between Hewlett-Packard and Cosco to make Piraeus, Greece a key hub for supply and distribution.
Blackstone's Exec Gets $213.3 million as Net Income Rose
Blackstone Group says its co-founder and chief executive officer Stephen Schwarzman obtained 2013.3 million in pay and cash dividends in 2013.
FoxConn Turns to China
Foxconn to dissolve JV with Metro AG. Foxconn Technology Group, after its failed joint venture with Metro AG, a German retailer has said it will turn to China for expansion of its retail business.
Latest News
ABRY has been raising its stake in data center provider Datapipe as it makes investments out of its private equity fund.
Twilio has been creating a fund similar to what Facebook created to increase world presence. Internet telephony company Twilio has been following what internet giant Facebook did to create pathways for success.
Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
Comark Stores up for sale. Canada's leading apparel chain, Comark is being offered for sale. Included in the sale are Ricki's, Bootlegger, and cleo stores and the price tag can reach up to US$400 million.
Potential bidders are coming up with a deal to acquire assets of Anschutz Entertainment Group. Sports and retail estate company Anschutz Entertainment Group (AEG) is set to come up with a deal from potential bidders including Patrick Soon-Shiong, Guggenheim Partners LLC and Colony Capital LLC, according to people familiar with the matter.
Ithaca buys out Valiant for GBP203 million in cash and stocks. In an effort to boost its North Sea oil output, Ithaca Energy Inc has purchased Valiant Petroleum Plc for GBP203 million or US$308.
3i management under fire for current dismal performance of the company. 3i, after the purchase of shares that increased Richard Bramson's stake in the private equity group, is under fire for the current strategy undertaken to bring it out of the doldrums.
William Hill Buys out Playtech for online betting business. For the price of GBP424 million or US$643 million, William Hill is taking full control of its online business.
