Toronto-based alternative assets manager Sprott Inc (TSX: SII) has launched its previously announced offshore global mining fund in partnership with Zijin Mining Group Co Ltd. The US$500 million fund, which has been seeded with US$110 million by its partners, has achieved regulatory approvals in both Canada and China. Sprott anticipates receiving commitments from Chinese investors beginning in the fourth quarter of 2013. Sprott subsidiary Sprott Resource Corp makes investments in mining and other resource sectors.
3 min read · 27 September 2013
Montréal-based MixGenius, developer of an audio mixer system that automatically facilitates sound balance at music concerts or studios, has secured $500,000 in financing from nineteen members of Anges Québec. The deal was led by angel investor and technology entrepreneur Jean-François Grenon. Other investors in MixGenius include Canadian business accelerator TandemLaunch and Queen Mary University of London. Anges Québec manages a network of 130 private investors that supports early stage companies. The organization has to date backed 30 seed and startup projects.
3 min read · 27 September 2013
Dell is the latest company to benefit from the red-hot US leveraged loan market as strong investor demand allowed the computer giant to cut funding costs on the $10.6 billion financing package backing its $25 billion buyout, sister publication Reuters Loan Pricing Corp reported.
3 min read · 27 September 2013
RDA Microelectronics Inc said China’s state-owned Shanghai Pudong Science and Technology Investment Co Ltd offered to buy the shares of the chipmaker it does not already own at $15.50 per American depositary share, sister news service Reuters reported.
2 min read · 27 September 2013
Recon Instruments, a Vancouver-based company that has developed Heads-up Display (HUD) technology for sports and activity-specific environments, has obtained a "significant" undisclosed investment by U.S. venture capital firm Intel Capital. The new funds will support the company's product development, marketing and global sales expansion. Founded in 2008, Recon in 2011 raised $10 million in Series A financing from an investor group led by Canadian venture capital firm Vanedge Capital with participation from Kopin Corp.
3 min read · 27 September 2013
U.S. private equity firm KKR & Co said it will initially pay about 165 billion yen ($1.67 billion) for Panasonic Corp’s healthcare unit, in what could be the largest buyout deal in Asia year to date, sister news service Reuters reported.
2 min read · 27 September 2013
The backers of Totes Isotoner are eyeing a sale that could value the world’s largest marketer of umbrellas, gloves and rainwear at around $500 million, according to three sources familiar with the process, sister news service Reuters reported.
1 min read · 27 September 2013
Beats Electronics LLC, founded by U.S. rapper Dr. Dre and music producer Jimmy Iovine, said private equity firm Carlyle Group LP has agreed to make a minority investment in the audio technology company, sister news service Reuters reported.
1 min read · 27 September 2013
Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group Inc, two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company, sister news service Reuters reported.
1 min read · 26 September 2013
SunGard Data Systems Inc is in talks with buyout firm Apax Partners LLP to sell its data management unit, which it has been hoping to divest for as much as $2 billion, several people familiar with the matter said, Reuters reported.
2 min read · 26 September 2013
