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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Nokia Looks to Land to Raise Cash

The struggling cellphone maker has announced a $220M sale of its headquarters

Raising cash has become so difficult for Nokia Corp. that the struggling cellphone maker has continued to evaluate its noncore assets for a sale, including its real estate.

Plans to sell Nokia's head office near the Finnish capital Helsinki to real estate investors for €170 million ($220 million) were announced Dec. 4, as the latest move following a year filled with massive layoffs and plant closings.

In August, Espoo, Finland-based Nokia sold Qt, a software technology business, to software firm Digia Oyj (Nasdaq: OMX; Helsinki: DIG1V) for an undisclosed price. And in June, Sweden-based private equity firm EQT announced that it purchased U.K. luxury mobile phone business Vertu Corp. from Nokia.

CFO Timo Ihamuotila expects the deal to wrap up by late December.

Nokia, which has operated out of the building since 1997, has struggled in recent years due to competition from rivals like Apple Inc. (Nasdaq: AAPL), especially in the smartphone market.

 

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