Kohlberg Kravis Roberts

PALO ALTO, Calif.--(BUSINESS WIRE)-- Aricent, a global innovation, technology and outsourcing company focused exclusively on the communications industry, today named ex-Wipro veteran Sudip Nandy as Chief Executive Officer. Mr. Nandy will also be appointed to the Board of Directors upon his arrival in October. Aricent's former CEO Ash Bhardwaj has resigned to pursue other interests. Previously, Mr. Nandy was the President of the Technology Media and Telecom Business Unit at Wipro, overseeing more than 18,000 people and a revenue run rate of US $1.3 billion per annum. "Aricent's recent business performance is a clear indication that the company's unique combination of global innovation, technology and outsourcing is highly aligned with the needs of equipment manufacturers and service providers worldwide," said James H. Greene, member of KKR ...

DUBLIN, Ireland--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/fc6f8e/private_equity_inv) has announced the addition of the "Private Equity Investment in Electric Infrastructure" report to their offering. The 1st Edition of Research Reports International's Private Equity Investment in Electric Infrastructure report is a 45-page overview of the recent trend towards private equity investment in electric infrastructure and the impact that it is having on the industry. The need for large amounts of capital to build out ...

President of fastest-growing labor union condemns 'closed-door' changes to longstanding rules designed to protect consumers, taxpayers WASHINGTON, Sept. 23 /PRNewswire-USNewswire/ -- Andy Stern, International President of the 2-million member Service Employees International Union (SEIU) -- the fastest-growing labor union in the Americas -- issued the following statement today regarding rule changes by the Federal Reserve that make it easier for private equity firms to invest in the nation's retail banks: If nothing else, this week's financial crisis should have sent a ...

PALO ALTO, Calif.--(BUSINESS WIRE)-- Aricent, a global innovation, technology and outsourcing company focused exclusively on the communications industry, today announced the signing of definitive agreements for new funding from existing investor KKR and a new investor, based in Bahrain, The Family Office. Aricent plans to use the investment capital to accelerate the momentum of engagements with leading infrastructure, application and service providers worldwide, as well as expand the company's business activities in the Middle East. "We continue to see strong validation that our combination of innovation, technology and communications domain expertise is a strong match for today's strategic sourcing requirements," said Sanjay Dhawan, president and COO of Aricent. "We wanted to take advantage of our momentum by strengthening our balance sheet as the company continues to outpace the market in terms of growth and new customer acquisition. In an environment where many incumbent players are still taking the "mile-wide-inch deep" approach, we are pleased to continue to invest in ...

In an amended 13D filing on Constellation Energy Group (NYSE: CEG), large Electricite de France International disclosed that it made an offer to invest in the company prior to the company's $26.50 acquisition deal with MidAmerican.

Electricite de France International also said it offered the immediate commencement of negotiations of a merger agreement to acquire all of the outstanding capital stock of Constellation at a price of $35.00 per share and that such negotiations would be completed to permit execution of a definitive merger agreement by October 9, 2008.

Electricite de France International said the Constellation board of directors has not responded to the Proposal Request.

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