TOKYO (Reuters) – Japan’s top wireless operator, NTT DoCoMo Inc, said it is in talks with some Asian mobile carriers for possible capital investment as it aims to seek growth overseas to counter the maturing cell phone market at home. DoCoMo’s recent foreign investments include a 26 percent stake in Tata Teleservices, India’s sixth-largest mobile […]
WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday named nine fund managers to run so-called public-private partnerships that could buy up as much as $40 billion of toxic securities from banks. The Treasury said it will invest up to $30 billion in the program, which will end up being much smaller than the Obama […]
BOSTON (Reuters) – EMC Corp (EMC.N) won the bidding war for data storage company Data Domain Inc (DDUP.O) as rival NetApp Inc (NTAP.O) pulled out, saying it would not match a $2.4 billion offer. Data Domain shares dropped 1.4 percent in extended trade to $33.44, below a $33.50 cash offer that EMC made directly to […]
NEW YORK (Reuters) – Medical supplies provider CCS Medical Inc. filed for Chapter 11 bankruptcy protection on Wednesday and said it had reached an agreement with some lenders to cut its debt and improve its capital structure. The company, which helps distribute diabetes test strips, insulin pumps, urological supplies and prescription drugs, said in a […]
All Current Electrical Sales, an electrical products wholesaler owned by High Road Capital Partners, has made two acquisitions: Western Controls & Breakers, a Ventura, Calif.-based wholesaler of motor control products and circuit breakers; and Industrial Electric Systems, a wholesaler of circuit breakers and related accessories located near Seattle. No financial terms for either transaction were disclosed.
Archway, a Rogers, Minn.-based BPO company owned by Tailwind Capital Partners and Black Canyon Capital, has acquired the supply chain management unit of Resolve Business Outsourcing Income Fund. No financial terms were disclosed.
Pfingsten Partners has acquired Hy-Bon Engineering Co., a Midland, Texas-based maker of vapor recovery units. No financial terms were disclosed, except that company management will retain an equity position.
OMNI Home Care, a Medicare home health provider, has acquired certain assets of Boynton Beach, Fla.-based Homecare Solutions Group. No financial terms were disclosed. OMNI was acquired last year by BF Healthcare Partners and the Goldman Sachs Urban Investment Group.
Cipio Partners has promoted Diana Meyel has joined to the position of partner, within the firm's international secondary direct investment team.
HONG KONG (Reuters) – BOC International Holdings Ltd, the flagship investment banking arm of Bank of China (601988.SS) (3988.HK), is planning to set up a private equity fund focusing on the domestic media industry, sources said on Wednesday. A fund-raising team led by Li Tong, Deputy Chief Executive of Hong Kong-based BOC International, has been […]