Singapore sovereign wealth fund GIC Pte Ltd and Macquarie Capital have formed a joint venture which has bought a majority stake in Iglu, an Australian student accommodation provider with a property portfolio worth about $132 million, Reuters reported.
1 min read · 29 January 2014
The Office of the Comptroller of the Currency has already told banks to avoid some of the riskiest junk loans to companies, but is alarmed that banks may still do such deals by sharing some of the risk with asset managers.
4 min read · 29 January 2014
Jan 28 (Reuters) - New York will propose regulating virtual currency firms that operate in the state this year and may require them to obtain a "BitLicense," state banking regulator Benjamin Lawsky said on Tuesday.
2 min read · 28 January 2014
Vodafone and Liberty Global are competing to buy Spain's largest cable operator, Ono, from its private equity owners, Reuters reported.
1 min read · 28 January 2014
Private equity firm Thoma Bravo LLC is exploring the sale of network security company Blue Coat Systems Inc and is expected to choose Goldman Sachs Group Inc to lead the effort, sources told Reuters.
2 min read · 28 January 2014
Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, sources told Reuters.
1 min read · 28 January 2014
NEW YORK, Jan 27 (Reuters) - Two men who operate bitcoin exchange businesses have been charged with money laundering for helping drug merchants exchange $1 million in cash for bitcoins, the digital currency, U.S. prosecutors said on Monday.
3 min read · 27 January 2014
Chinese online game developer Shanda Games Ltd received a buyout offer from its controlling shareholders that values the company at $1.9 billion, highlighting the growing popularity of online gaming in China, Reuters reported.
1 min read · 27 January 2014
Final bids for French construction and concessions firm Vinci's parking concession business are due by early February, in a deal expected to fetch around 2 billion euros ($2.7 billion), sources told Reuters.
1 min read · 27 January 2014
Britain's Premier Foods has signed an agreement with U.S. investment firm The Gores Group to jointly operate its struggling bread division, in a deal which values the unit at 87.5 million pounds ($144.40 million).
1 min read · 27 January 2014
