Friday May 25 | Business Journal
Redwood City taps duo for big downtown site
Redwood City's city council has selected a joint venture between Kilroy Realty Corp.
Friday May 25 | PE Hub
Simmons Named CEO of Pharmaceutical Product Development
Wilmington, N.C.-based Pharmaceutical Product Development LLC has named David Simmons chairman and CEO.
Taiwan's Yuanta pulls out of bid for Carlyle-backed bank
Yuanta Financial said on Friday it has pulled out of an up to $1.25 billion bid to buy Carlyle Group-backed Taiwanese bank Ta Chong Bank.
PPD Names David Simmons Chairman and CEO
Pharmaceutical Product Development, LLC today announced that its board of directors has named David Simmons chairman and CEO.
PPD names Pfizer exec to be new CEO
Simmons spent 15 years at Pfizer and was most recently president and general manager of the company's emerging markets and established products business units, which represent about $18.5 billion of Pfizer's annual revenue.
Maersk angling to operate Virginia ports
A subsidiary of Maersk, a Danish shipping conglomerate, has submitted to the state a proposal to purchase the operating rights of the Port of Virginia's cargo terminals.
Fauquier student wins first in state essay contest
Letters to the Editor Editorial Towns & Villages - Aldie-Middleburg - Catlett - Goldvein - Markham-Hume - Marshall - New Baltimore - Remington-Bealeton - The Plains Sergio Ribeiro, a junior at Fauquier High School and at Mountain Vista Governor's School, won first place in Virginia and a $10,000 college scholarship in the Junior Achievement Essay ... (more)
RAC hires John Orriss to head marketing
Orriss has been appointed to replace former sales and marketing director David Tyers, who left the company in December without a job to go to.
Terms of the deal were not disclosed. The companies described it as a merger of equals, said Thomas J. Marino, CEO of J.H. Cohn.
Hampton Roads Bankshares Appoints James Burr to Board of Directors
Hampton Roads Bankshares, Inc. , the holding company for The Bank of Hampton Roads and Shore Bank, today announced that James F. Burr has been appointed to its Board of Directors effective when the Company receives the necessary approvals from banking authorities.
Avail-TVN Raises $100 Million, Acquires SeaChange's On Demand Group
Avail-TVN announced that The Carlyle Group will lead $100 million of new funding, enabling the media-services firm to acquire U.K.-based On Demand Group from SeaChange International for $27 million.
Deals of the day -- mergers and acquisitions
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Friday: ** Australian private equity fund Pacific Equity Partners has approached potential buyers for its share-registry business Link Group, kickstarting an auction that could value the company at as much as A$1.4 ... (more)
UPDATE 1-Carlyle plans $1.25 bln Taiwan bank sale to Yuanta-sources
Private equity firm Carlyle Group and other major shareholders of Taiwan's Ta Chong Bank plan to sell the bank to Yuanta Financial in a deal worth up to T$37 billion , two sources familiar with the situation said on Friday.
Longreach seeks T$30/share for Taiwan bank stake-source
Private equity firm Longreach Group is seeking T$30 or more a share for its stake in Taiwan's EnTie Commercial Bank, a price that would value any deal at about $1.2 billion, a source with direct knowledge of the situation told Reuters on Thursday.
Sonic Healthcare Buys Healthscope for $100M
Sonic Healthcare Ltd. , Australia's top pathology and radiology group, has agreed to buy some pathology assets from private equity-owned Healthscope for A$100 million , in what could be a test for the competition watchdog.
Fotolia , a New York-based provider of digital stock photography, has secured $150 million in growth equity funding from Kohlberg Kravis Roberts & Co ., in exchange for a 50% stake.
Reuters - DuPont Shortlists Bidders for Car Paint Unit
Chemicals maker DuPont has shortlisted four potential buyers for its car paint business after evaluating revised offers received on April 30, according to Reuters .
Carlyle reportedly raising $3.5 billion for new Asia buyout fund
Carlyle Group, the private equity firm that went public this month, plans to seek about $3.5 billion for its fourth buyout fund in Asia, two people familiar with the matter said.
David Rubenstein, co-founder of Carlyle Group and Washington philanthropist
Another milestone they count down in Times Square, less deliriously, is the moment a company goes public by selling shares on the Nasdaq Stock Market.
From obscurity to public man-for-all-causes
Investor and philanthropist David Rubenstein is a co-founder of the equity firm the Carlyle Group, which recently went public.