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SINGAPORE (Reuters) – Singapore state investor Temasek issued a revised charter on Tuesday that downplayed its links to government policy or strategic interests, as it eyes more overseas assets from banks to infrastructure. Temasek, one of the world’s biggest wealth funds whose sole shareholder is the Singapore government, still has controlling stakes in half the […]
SYDNEY (Reuters) – Private equity firm TPG Capital has hired three banks to lead manage an IPO of Australia’s top department store Myer Group, sources with direct knowledge told Reuters on Tuesday, valuing Myer at about $2.1 billion. The IPO, the biggest initial public offer on the Australian stock exchange since the credit crisis took […]
Weyerhaeuser Co. has sold its Trus Joint Commercial division to Atlas Holdings for an undisclosed amount. The unit makes engineered wood products and building systems, and has been renamed RedBuilt.
SINGAPORE (Reuters) – Sihuan Pharmaceutical (SIHP.SI) has received a takeover offer from investment firm China Pharma at S$0.975 a share, a deal valuing the company at S$458 million ($318 million), Sihuan said in a statement on Monday. The deal values Singapore-listed Sihuan, which develops cardiocerebral vascular drugs, at a premium versus its current market cap […]
LONDON (Reuters) – Creditors in British home improvements retailer Focus DIY backed a rescue plan on Monday that should safeguard around 4,500 jobs, as the company said trading was ahead of its expectations. Focus, owned by U.S. private equity group Cerberus, said its creditors, mostly landlords, had approved its proposed Company Voluntary Arrangement (CVA) by […]
NEW YORK (Reuters ) – The U.S. units of media company Reader’s Digest Association Inc filed for bankruptcy, marking a new chapter for the 87-year-old magazine as it carries out a plan to cut its debt and transfer ownership to a group of lenders. The company, named for its general-interest magazine packed with family-friendly humor […]
Debra Pedersen has joined The Carlyle Group as a managing director of global leveraged finance, with a focus on investor relations and fundraising. She previously was a managing director with Plainfield Asset Management.
Stir Crazy Restaurants, a portfolio company of The Walnut Group, has merged with fellow Asian food restaurant chain FlatTop Grill, owned by Happy Valley Corp. No financial terms were disclosed
(Reuters) – Canpages Inc, a Canadian local search and directories publisher, said it agreed to acquire GigPark.com, an online social media platform, to beef up its local search website. GigPark, which allows users to find local businesses and service providers through recommendations from friends, will help Canpages incorporate user recommendations into its search platform canpages.ca, […]
Edge Healthcare Partners has launched as an Atlanta-based investment bank that will provide M&A and other advisory services to mid-market healthcare companies. The firm's principals previously were with Houlihan Lokey, Smith Barney and SunTrust Robinson Humphrey.
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