Philippine-based JG Summit Holdings Inc raised PHP8.8 billion through an overnight equity placement to fund a stake acquisition in Manila Electric Company (Meralco) and other corporate purposes.
Sectors
Yara International grows further in South America with OFD Holding purchase
Yara International will be expanding its South American footprint further with its agreement to acquire OFD Holding Inc from Omimex Resources Inc for USD 425 million.
The Cambridge brand attracts UK venture capital
The growing attraction of UK investors in the Cambridge region saw the decline of interest in startups in Shoreditch, a district which is the breeding ground of social media and e-commerce ideas.
Prologis Inc plans rent hike, investments in Japan
Prologis Inc said it plans to increase rents and spend up to USD 600 million a year for warehouses in Japan. Prologis, based in San Francisco, is the biggest owner of warehouses around the world.
Malaysian tycoon Vincent Tan mulls over MOL Global IPO
Billionaire and Friendster Inc. owner Vincent Tan is reportedly looking to list his online payments company MOL Global Pte., and has been eyeing a dual listing in the Kuala Lumpur Stock Exchange and either in Hong Kong or Singapore.
Latest News
France-based biopharmaceutical company Transgene supported the proposal of South Korean contract research and development firm SillaJen Inc to acquire biotherapeutics company Jennerex. Transgene owns 8.5% of Jennerex.
Singapore-based mobile social network for voice Bubbly is in talks with interested partners, including one gaming company, over a possible acquisition, according to the firm's chief executive officer.
A Reuters PE HUB report said venture capital firms like the Ironstone Group are now harnessing the power of algorithms in order to get good deals.
Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.
Australia-based industrial glove maker Ansell Ltd agreed to purchase US-based hand protection product manufacturer BarrierSafe Solutions International for approximately USD615 million in a transaction subject to US antitrust clearance.
Just what is the Bitcoin? A report from Wired gives a clearer understanding of what the digital currency is, how it is used, where it can be obtained and how to keep your Bitcoin wallet safe from thieves.
US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.
Connecticut-based private equity firm Littlejohn & Co. was said to be buying e-commerce company Newgistics Inc. The deal will be financed by Littlejohn's Fund IV, which has a capital commitment of USD1.3 billion.
US-based generic drug manufacturer Mylan and two Indian pharmaceutical firms are in talks to buy Chennai-based Bafna Pharmaceuticals for an undisclosed amount, according to two sources familiar with the transaction.
