HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
Tags: Sale
Greenbrier to Sell Off Non-Core Assets
In a cost saving move, Greenbrier Cos would be selling off its non-core assets. Greenbrier Cos Inc, one of the world's premier railcar manufacturers had a bumper year last year when there was an increase in the demand for oil tank cars.
Cerberus Capital to undertake IPO
Cerberus Capital is now preparing to undertake an IPO of its German property assets. Private equity firm Cerberus Capital Management LP, led by Stephen Feinberg is now going full steam ahead with an initial public offering of its German retail property assets.
NFP Final Bidders Known
The finalists for the bids for NFP are TPG and Madison Dearborn. The two final bidders for wealth management company National Financial Partners are private equity firms TPG Capital and Madison Dearborn Partners.
IPOs in Gulf Region Run High Expectations
DAMAC Properties would be listing publicly in the Dubai bourse amidst high interest for IPOs in the region.
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Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
The goal to boost capital base of Santander questions its ability to maintain its financial strength.
Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.
After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.
The pending sale of Printemps has worried union representatives as to possible job cute. Printemps, the French department store, is now nearing completion of its sale to Qatari investors, The projected deadline is as early as this summer with the timetable for the deal now being prepared for the staff.
The French Ministry of Finance is selling 3.12% interest over the aerospace company Safran. The 3. 12% shareholdings of France in Safran is up for sale.
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
Protective Life is the leading buyer for assets of AXA Life amounting to US$1.5 billion. American insurer Protective Life Insurance is the frontrunner in the purchase of picking up AXA SA's life insurance assets.
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
