St. Martins Group, Kuwait's property investment vehicle in the UK, has paid around GBP1.7 billion to purchase the More London complex which includes Mayor Boris Johnson's headquarters.
Mergers & Acquisitions
Sysco purchases rival US Foods for $3.5B to create food distribution giant
Sysco Corp announced it will buy rival US Foods for USD3.5 billion in a merger deal that will create a food distribution giant with around USD65 billion in annual revenue.
WesTrac to acquire Caterpillar's distribution businesses in China
WesTrac China Limited has reached an agreement to acquire the distribution and support businesses of Caterpillar Global Mining in a deal valued at around USD130 million.
MRC Global says will buy Stream AS for about $260M including debt
MRC Global Inc. announced today that it has entered into an agreement to acquire privately held Stream AS for approximately $260 million including the assumption of debt.
Scripps acquires video news provider for $35M in cash
The E.W. Scripps Company has acquired Columbia, Mo.-based digital video news provider Newsy, a five-year-old startup that has built its early success on a multi-source, multi-platform approach to storytelling.
Latest News
Venn Life Sciences has purchased Belfast, Ireland-based clinical research organization Medevol Limited in a deal valued at USD0.67 million, to strengthen Venn's operations in the UK.
Tyco International Inc's South Korean security systems unit ADT Caps is reportedly attracting bids from private equity firms including KKR & Co LP and Bain Capital.
Canada-based gold exploration firm Giyani Gold Corp announced on Monday its acquisition of a 57.7% interest in Canoe Mining Ventures through a securities exchange agreement.
Switzerland's third largest wealth manager Julius Baer Group Ltd said it has already acquired the Middle Eastern wealth management units of Merrill Lynch located in Lebanon, Bahrain and the United Arab Emirates.
Singapore-listed umbilical cord blood and tissue banking service provider Cordlife Group Limited announces its acquisition of an additional 11.89% stake in Malaysia-based StemLife for a total of SGD7 million.
According to a Bloomberg report, American mutual funds are looking to make European investments, betting that the region will just begin its rally and as the US bull market has already aged.
New Zealand-based express package services provider Freightways Limited has purchased two document destruction businesses, namely Sydney-based Advance Security Destruction Services and Hastings-based Docushred, for a total of USD13 million.
Brazil-based car parts supplier Autometal is looking for acquisition deals with midsize competitors as global car manufacturers are planning production in the South American country.
China's biggest e-commerce firm, Alibaba Group Holdings, will be buying stakes in Haier Electronics Group and Qingdao Haier Logistics Co, according to a report by Bloomberg.
