Fosun International purchases Alma Lasers, where the latter was advised by Harris Williams. Harris Williams, one of the foremost middle market investment banks in the world, recently announced the sale of Alma Lasers to the subsidiaries of Fosun International.
Sectors
Fiat to Wait for Verdict on Share Valuation
Fiat would await the Delaware court verdict on the valuation of VEBA held shares in Chrysler before commencing the merger of Chrysler and Fiat.
EMC Does Share Buyback and Dividend on Shares
EMC is undertaking a share buyback program as well as giving dividends on its shares. The world's largest manufacturer of storage computers, EMC Corp has expanded the budget for its share buyback plan by another US$5 billion.
Petraeus Joins KKR
Former CIA Director David Petraeus joins KKR to head a new 'institute' within the firm to evaluate investments in emerging markets.
Fiat to Purchase Rest of Chrysler
Fiat is preparing to purchase the rest of the shares of Chrysler through a loan being prepared by a number of banks.
Latest News
Warburg Pincus shares have been bought back by Primerica, totalling US$154.7 million in stock and warrants.
Novo AS invests in Ophhtotech Corporation for the further development of drug Fovista. In an announcement made today, Ophthotech Corporation said it was able to raise US$175 million in funding to finance the global Phase 3 clinical program of its lead medication Fovista.
Warburg Pincus leads a consortium to invest in Vingroup Joint Stock Co. The private equity owner of the Neiman Marcus Group Inc, Warburg Pincus LLC, would be leading a consortium that would invest nearly US$325 million in Vingroup Joint Stock Co of Vietnam.
Optus Satellite is being sold in an auction by owner SingTel to raise funds for its other corporate endeavors.
An agreement addressing national security concerns was entered into between Sprint Nextel, Softbank and the US government.
China Everbright Bank is currently preparing for an IPO in the Hong Kong Stock Exchange. China Everbright Bank Co, the Shanghai bourse listed firm, has filed an application for a Hong Kong share IPO sale with a volume worth US$2 billion.
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
Littlejohn makes an equity investment in Gulf Coast Shipyard Group Inc. Private investment firm Littlejohn & Co, LLC, based out of Greenwich, CT had announced that it made an equity investment in Gulf Coast Shipyard Group Inc.
