Two Turkish private equity conglomerates, Esas and Actera, have reached an agreement to jointly acquire a Turkish ferry operation from current owner, global equity firm KKR.
KKR will sell UN Ro-Ro Isletmeleri to the companies; Esas owns the nation’s largest budget airline, while Actera is the nation’s largest buyout specialist, according …read more
Germany-based shipbuilder Meyer Werft has reportedly reached an agreement with the Finnish government to acquire the STX Finland shipyard.
The shipyard will now be known as the Meyer Turku Shipyard Oy and will house two new cruise ship orders from TUI Cruises, based in Germany, reports say.
While Finland declined to disclose …read more
German auto parts manufacturer ZF Friedrichshafen is reportedly considering divestitures to secure its proposed acquisition of US peer TRW Automotive Holdings, say reports.
Unnamed sources said Monday that ZF could sell its steering operations ZF Lenksysteme, a joint venture launched with Robert Bosch. Sources said ZF would sell its stake in …read more
The US Federal Trade Commission said Monday it has approved of the proposed merger between pharmaceutical companies VersaPharm and Akorn, but has imposed conditions on the transaction.
Akorn plans to acquire VersaPharm in a $440 million deal first announced in May; the deal will expand Akorn’s drug marketing and development operations.
The …read more