A federal judge's ruling Tuesday that Detroit is eligible for bankruptcy protection offers municipal bond investors a dose of clarity that could be welcome news at the end of a rough year for the U.S. muni debt market.
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Private equity lawyer Kirk A. Radke moves to Willkie Farr & Gallagher
International law firm Willkie Farr & Gallagher said private equity lawyer Kirk A. Radke will be joining their Private Equity Practice Group. Radke is known as one of the top private equity attorneys in the country.
Eversheds combines with South African, Tunisian law firms for African expansion
International law company Eversheds expands in Africa through partnerships with Mahons Attorneys in South Africa and El Heni in Tunisia. Both firms will be rebranded as Eversheds.
Private equity investors still bullish on Indian real estate - report
A report from Cushman & Wakefield revealed that the private equity industry is still optimistic on the Indian real estate market, with private equity deals in the sector increasing 26% in the first nine months of this year.
General Motors looks to sell stake in Ally Financial
General Motors Corporation LLC is looking to put up for sale the last of its holdings in Ally Financial Inc. via a private placement. Ally, GM's financing arm, is reportedly eyeing an initial public offering.
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Friends and family of startups were found to be its biggest supporters, shelling out USD23,000 in a business on average, totaling USD60 billion in fresh capital annually, based from data collected by online crowdfunding platform Fundable.
An economics expert told Minnesota Public Radio News that the Blackstone Group's strategy to acquire private homes across the US was strategic as the latter was able to dominate and capitalize opportunities in a new market segment.
NCR Corporation announced that it had agreed to purchase Digital Insight Corporation for $1.65 billion, and that it had completed the acquisition of Alaric Systems Limited, for approximately $84 million.
Australian insurer Cover-More Group is seeking to raise A$521.2 million in an initial public offering by selling up to 260.6 million shares at A$2 each, according to a prospectus lodged on Monday.
Various private equity firms from the UK, US and Hong Kong are reportedly among those who placed initial bids to takeover Indian business process outsourcing company SourceHOV. Initial bids have valued the BPO firm at USD1 billion.
The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy
British media and education group Pearson has agreed to sell its Mergermarket news service for 382 million pounds ($624 million), to invest in its global education business.
U.S. hedge fund Cerberus has bought a 1 billion euro ($1.4 billion) book of commercial real estate loans from Lloyds Banking Group at a 21 percent discount to their nominal value, the UK bank said on Friday.
Atrium Innovations Inc said a group of investors, including European private equity firm Permira funds, would buy the dietary supplements maker for about C$751.2 million.
