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companies discloses 2006 nationals soaring.Al-Braikan is arches national park collapse details chief executive of Al-Raya Investment Company, which is 10 percent owned by Citigroup Inc (C.N).The commission won an emergency court order on Thursday freezing the trading profits in various U.S accounts In a memorandum filed in U.S. District Court in Manhattan on Friday, the SEC said that some of the defendants had asked for funds from the purported illegal trades to be transferred.It said investigators wanted to interview witnesses and issues subpoenas for bank and brokerage records "on an expedited basis" before any hearing."We have learned that one or more of the defendants have in fact requested a transfer of funds that represent the proceeds from the trading scheme," the SEC said in the memorandum, which argued for the asset freeze.Other defendants in the SEC suit include United Gulf Bank and KIPCO Asset Management Co (KAMCO). Both are part of the Kuwait Projects Co (KPRO.KW) (KIPCO) group.KIPCO is affiliated with senior members of Kuwait's ruling al-Sabah family. It is the biggest investment firm by assets in Kuwait.(Reporting by Rania El Gamal; additional reporting by Firouz Sedarat in Dubai and Grant McCool in New York, editing by Matthew Lewis and Andre Grenon). CORAL SPRINGS, Fla.--(Business Wire)--The March Group, a leading middle-market M&A firm, has noticed a rise ininterest among buyers for defense sector businesses.
The 23-year-old firm, whichspecializes in the marketing, negotiation and sale of privately held mid-sizecompanies, has seen an increase in inquiries regarding defense-relatedbusinesses of all kinds, including those manufacturing guns, gun parts andammunition; creating software and offering IT support; providing training andconsulting; as well as those catering to shooting enthusiasts and hunters all national parks . Bob Scarlata, CEO/President of The March Group, recently stated, "Based on thedefense-related deals we have active right now, we are seeing significant andsolid interest from defense-related buyers - both strategic and financial.Essentially, any company involved in any way with defense - either military orhomeland defense - is hot property right now." With the United States fighting two wars simultaneously and continuing toimprove homeland security, defense-related products and services are in highdemand attica park . Despite proposed cutbacks in specific weapons programs, the Obamaadministration still plans to boost military expenditures by 4 percent next year(not including outlays for the conflicts in Iraq and Afghanistan) and increasehomeland security funding by 6 percent Congress seems bent on spending even more on defense atv park . At least $707 billion hasbeen allocated for the Department of Defense, the Department of HomelandSecurity and the two wars in 2010 bandimere park . Some of the reasons cited for the increased interest in defense-related firmsare as follows:* The defense industry is fragmented. * Cash-rich defense contractors are looking to buy small, niche technologycompanies.
* Private equity firms want to expand and diversify their portfolios * European defense manufacturers are eager to gain a U.S america's.national.parks . presence.The March Group is uniquely qualified to facilitate the sale of such companiesbecause of its strong track record in the defense business field arches national park collapse . In May of2008, The March Group arranged the sale of pioneering rifle manufacturerDPMS/Panther Arms to an affiliate of the private equity group Cerberus CapitalManagement attica park . Earlier this year, The March Group brokered a deal whereby Aspiration SoftwareInc . was acquired by The Shawmark Group, a private equity company that investsin service providers to the U.S intelligence community. The March Group also found a buyer for General Products; this defense industrymachine shop and subcontractor was sold to East End Capital Management/ObeliskGroup.
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