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Deutsche Telekom sells online platform t-online.de to Ströer

Deutsche Telekom AG has entered into an agreement on the sale of the online platform t-online.de and the digital marketer InteractiveMedia CCSP to Ströer SE. The transaction is to be carried out by way of a capital increase of Ströer against in-kind contributions of the two entities.   In this

Symantec sells Veritas to The Carlyle Group for USD8bn

Symantec Corp is to sell its information management business, known as Veritas, to an investor group led by The Carlyle Group together with GIC, Singapore’s sovereign wealth fund, and other expected co-investors, for USD8 billion in cash. The transaction, which was unanimously approved by Symantec's Board of Directors, is expected

Dominic Wheatley, Guernsey Finance

EU confirms Guernsey endorsement

The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels. This news was welcomed in Guernsey, which has a strong record in meeting international standards as a cooperative and highly transparent jurisdiction – including as an 'early adopter' of

HIG Europe sells AR Metallizing to Nissha Printing

HIG Europe has completed the sale of its portfolio company AR Metallizing (ARM) to Nissha Printing Co. ARM is the global market leader in the manufacturing of metallised paper for use in the food, beverage and consumer packaging goods industries. ARM serves its customer base from three manufacturing facilities in

Ogier Cayman and BVI advise on recommended cash offer for Promethean World

Ogier has acted for VSA Capital Limited in its role as financial adviser to Digital Train and its parent, NetDragon Websoft, in connection a GBP84.1 million recommended cash offer for Promethean World, a company listed on London Stock Exchange.  Promethean World is in the global education technology market with significant

BDA Sean Moran

Bermuda fully committed to EU funds passport approval

Bermuda remains fully committed to the process of qualifying under rules set out by the European Union for third-country rights for Island-based alternative fund managers. The European Securities Market Authority (ESMA) last week cleared the way for Guernsey, Jersey and Switzerland (pending passage of legislation by the latter) to be

Cabot Square Capital continues string of successful exits with Compello sale

Funds managed by Cabot Square Capital, the specialist financial services private equity investor, have successfully completed the sale of The Compello Group to the Hoist Finance Group of Sweden, a debt restructuring partner to international banks. The Compello Group is a leading debt purchasing and management company. Compello Group buys

Pine TreeEquity Partners sells BMI

Bradley-Morris and affiliates (BMI), a portfolio company of private equity firm Pine Tree Equity Partners, has been sold to Thompson Street Capital Partners. Farlie Turner served as the exclusive financial advisor to Pine Tree and BMI. The transaction was led by Mike Turner, a Managing Director at Farlie Turner, in

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