A flurry of pension fund buyouts was projected to happen in the next succeeding years, according to industry analysts.
Sectors
Palatine Private Equity invests GBP 16 million for minority stake in Forrest
Palatine Private Equity had purchased a GBP 16 million minority stake in Bolton-based Forrest. UK-based investment firm Palatine Private Equity bought a GBP 16 million minority stake in social housing contractor Forrest.
TRAFI raises USD500,000 in seed fund, boards former Nokia Maps chief
TRAFI, a Lithuanian Journey planner startup, received a USD500,000 in investment capital from Practica Capital to expand into key markets unexplored by big players like Google Maps.
Advisory firm hires former Cannacord Chairman Tim Hoare
Hannam & Partners hires Tim Hoare to provide expertise in the natural resources market. Hannam and Partners is an advisory firm established by former JPMorgan Chase & Co banker Ian Hannam.
21st Century Fox Inc inks German soccer air rights agreement with Deutsche Fussball Liga
New York-based 21st Century Fox signed a deal to air German soccer to viewers in 80 countries around the world.
Latest News
The lenders fighting over the titles owned by the Deccan Chronicle would be in dispute. The creditors of Deccan Chronicle Holdings unable to recover dues worth more than INR5,000 crore because of a dispute over the publishing titles.
Naveen Jindal is the latest personality included in the ownership dispute of Positiv TV. Congress Member of Parliament and Industrialist Naveen Jindal was recently included in an ownership dispute between the shareholders of Positiv TV.
Analysts surveyed by Bloomberg said Clariant would gain CHF 320 million once it would divest its leather and detergent businesses.
GS Caltex of South Korea had cancelled a Brazilian refiner plan over profitability uncertainties, said a Reuters report.
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
Dutch software company Unit4 shares increased after it announced that private equity firms had approached with a EUR 35 per share buyout offer.
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
