IK Investment Partners had sold its full ownership in Europe Snacks Group to a French private equity firm Apax Partners for an undisclosed amount and will be completed before the year ends.
Sectors
Vince trading debut a success after IPO rose as much as 52 percent
Vince Holding Corp, formerly known as Apparel Holding Corp that is backed by Sun Capital Partners Inc had a successful IPO after raising USD 200 million in an initial public offering.
Investors are Finland's gain via junk bond market opening
The government of Finland would be opening a junk bond market to attract investors who are interested to gain higher yields in the best-rated nation in the Euro Zone.
Paulson will not increase his gold bet - source
Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.
Uber seen leaving Berlin market with parting of management team
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
Latest News
As emerging markets were becoming too volatile for some bond and stock investors, a report said majority of them had turned to frontier markets to generate better returns.
The fate of the joint venture firm of Founder Securities and Credit Suisse have yet to be known after the former reveals its plans to sell its stake in the joint venture and merge with China Minzu Securities.
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
France-based multinational mass media and telecommunication firm Vivendi took a pause from big acquisitions to decide on how to spend the remaining USD14 billion from asset sales after cutting debt.
Sungy Mobile, a global provider of mobile internet products and services, has priced its initial public offering on NASDAQ at USD11.22 per American depositary shares (ADS).
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.
Resolution Ltd. is looking to sell its business unit Lombard located in Luxembourg. However, terms of the deal were unknown as talks on the sale of Lombard are still in a preliminary stage.
German enterprise software group SAP announced on Friday that it was debating internally whether to accelerate moving more of its business to the cloud, a quick change in its overall strategy that could have a small impact on its target to grow sales to more than EUR20 billion.
Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the lenders, the Bloomberg Global Poll revealed.
