Denham Capital Forms Endeavor Energy
June 18, 2013

Denham Capital, a leading energy-focused global private equity firm, announced the formation of Endeavor Energy today. Denham is seeding the enterprise with an initial commitment of $100 million from its $3 billion Fund VI raised in 2012 and will obtain co-investment from other financial investors and project level equity partners in the future. The financial strength of Denham allows Endeavor Energy to simultaneously pursue multiple projects across Africa.

Former Cisco Senior Exec Zeeshan Naseh Appointed to Lead Connectloud
June 18, 2013

Connectloud Inc., a software startup now in stealth mode, announced today that former Cisco Systems executive Zeeshan Naseh has been appointed as President and Chief Executive Officer. The company also announced that it is being advised by a slate of technology and business all-stars, including Abu Dhabi Bank executive M.A."...

Rolman Group’s KSA Venture Taps into USD 40 Million Bearings Market
June 18, 2013

The United Arab Emirates-based Rolman Group, headquartered in Dubai, reveals that its venture into the Kingdom of Saudi Arabia tapped into an expansive bearings market, which amounts to approximately USD 40-50 million; the company’s operations in the country have taken off since its inauguration just a few years ago.

“We"...

Luxoft Holding, Inc Announces Launch of Initial Public Offering
June 13, 2013

Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up"...

Apollo Tyres to Acquire Cooper Tire & Rubber Company
June 13, 2013

Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction"...

Global brands must change their approach to localization, or risk unprofitable growth in emerging Asia
June 12, 2013

• Asia now center of gravity of profitable growth for global consumer products and retail
• By 2016, emerging Asia will account for almost a quarter of global consumer products markets and 37% of total consumer products growth
• Only 20% of Asia-based senior executives, currently achieving both accretive margins and sustaining significantly high growth
• Companies must ruthlessly implement eight business imperatives for profitable growth

"...

Harvest Launches U.S. Distribution
June 12, 2013

Harvest Fund Management (“Harvest”), one of China’s leading asset management companies, today announced that it has launched Harvest Krane, a pioneering joint venture between its international subsidiary, Harvest Global Investments, and Jonathan A. Krane and his team of industry veterans, which will distribute China and Asia-focused mutual funds to institutional and retail investors in the U.S.

MENA Telecoms’ Transactional Approach Undercuts Outsourcing Initiatives – Oliver Wyman Report
June 11, 2013

An ad hoc approach to IT outsourcing by many MENA telecom operators has led to results below expectations, according to a new study from Oliver Wyman, “Maximizing Value from IT Outsourcing.” Based on a survey of IT executives, the report reveals key areas for improvement and recommends adopting a more strategic approach to sourcing, vendor management, and quality assurance.

While promising better IT quality, lower costs, and greater"......

Dubai Chamber Trade Mission Explores Promising CIS Markets
June 11, 2013

The Dubai Chamber of Commerce and Industry concluded its first trade mission to the Commonwealth of Independent States visiting Kazakhstan and Uzbekistan recently.

The Dubai Chamber delegation, which was headed by its Chairman H.E. Abdul Rahman Saif Al Ghurair and comprised of 25 senior business leaders, met top"...

NJOY Raises $75 Million
June 11, 2013

Investors in Electronic Cigarette Market Leader Include Serial Entrepreneur and Investor Sean Parker and Homewood Capital’s Douglas Teitelbaum

Funding will be used for Marketing, Clinical Trials, Research and Development, and International Expansion

Electronic cigarette brand NJOY, whose ‘NJOY King’ is the most popular e-cigarette in America, has raised $75 million in funding, NJOY CEO Craig Weiss announced today. Investors include serial entrepreneur and investor Sean Parker; and Douglas"......