A Bloomberg report said that private equity firms should be wary about purchasing assets during an economic downturn.
Sectors
Intel acquires Sensory Networks in USD20 million deal
A report by information technology news site Techcrunch said multinational semiconductor chip maker Intel Corporation recently acquired security company Sensory Networks for USD20 million.
Indigo Partners set to purchase of Republic Airways Holdings Inc's Frontier Airlines
Indigo Partners would be buying Frontier Airlines from Republic Airways Holdings Inc for USD 36 million in cash.
HIG Capital makes strategic investment in Lexmark Carpet Mills
Private equity firm HIG Capital announced that it had invested in specialty carpet mill Lexmark. Private equity company HIG Capital announced that it had made a strategic investment in broadloom carpet maker Lexmark Carpet Mills Inc.
Qatar Holding acquires 12% stake of NYSE Euronext in Qatar bourse
Qatar Holdings, the investment arm of Qatar's sovereign wealth fund, bought the 12% stake of NYSE Euronext in the Qatar Exchange.
Latest News
Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.
Adveq closed its Adveq Secondaries II fund at its hard cap of USD 175 million. Adveq announced the close of its Adveq Secondaries II fund with USD 175 million.
Sources told Bloomberg that Tribeca Holdings would be buying prime real estate in London's Mayfair district valued at GBP 130 million.
Spanish property builder Sacyr announced the possible sale of its Vallehermoso unit. Spain-based builder Sacyr SA would be selling its property development unit in Vallehermoso.
CA Immobilien Anlagen announced it would sell two-thirds of Tower 185 in Frankfurt to two German pension funds.
An estimated USD50.9 billion in investments by private and community foundations was made, according to a Foundation Center report on 2011 financial data.
NBA 2K14, the latest update of the popular video basketball game, would be launched on October 1. The new version of the video game NBA 2K14 would be launched on October 1, according to CBSSports.
Grand Theft Auto Online would be launching on October 1, Rockstar confirmed. Rockstar Games has confirmed to video and entertainment site IGN. com that Grand Theft Auto Online would go live on October 1 at 4am PacificStandard Time.
On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.
