KKR's Asia Fund purchases Warburg Pincus shareholdings in Alliance Tire Group. KKR & Co LP has entered into an agreement to acquire a controlling stake in Alliance Tire Group.
Sectors
Seibu Opposes Cerberus's Renewed Efforts to Increase Stake to 44.7 Percent
Japan's railway and real estate group Seibu Holdings has opposed the renewed attempt of Cerberus Capital Management LP to increase its stake in the company to 44.7 percent.
Lippo Group To Get IPO
Lippo Group would undertake three separate IPOs for its units. One of the leading Indonesian conglomerates, Lippo Group, is aiming to make US$300 million for IPOs of its banking, healthcare and information technology units.
JC Penney hires Blackstone; Ackman willing to infuse additional capital
Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
DreamWorks Purchases Troll Doll Rights
In a push for diversification, DreamWorks Animation purchases the worldwide rights for Troll Doll Toys.
Latest News
We Are Hunted, a music streaming service on Twitter, was recently bought out by the social media network.
Hyundai Rotem is seeking to be listed in the Korea Exchange for its IPO. Hyundai Rotem Company of South Korea has applied for the listing by initial public offering in the stock exchange according to bourse operator Korea Exchange.
The group led by Thoma Bravo goes up against Bain-Golden State Capital for final bids for BMC Software.
Sinclair offers US $41 per share for Fisher Communications. Sinclair Broadcast Group Inc. has announced its intention to purchase Fisher Communications for the price of US $373 million in order to expand its operations in the United States.
Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Investors continue to rush into U.S. stocks, pouring in more than $60 billion into mutual funds and ETFs.
Nasdaq OMX Group Inc's chief executive Robert Greifeld's 2012 annual bonus has been slashed over the mishandling of Facebook's Inc. initial public offering last year.
First Solar acquires TeraSun for an undisclosed amount. First Solar will be undertaking a new path in the silicon solar panel business with the acquisition of TetraSun, a start up based out of the Silicon Valley.
Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
