3 min read · 25 October 2012
Guanxi, a Cayman-based mobile social network services startup, has closed on an undiscloed amount of Series A funding led by SingTel Innov8 and venture capitalist Tim Draper. Guanxi recently completed its spin-off from mInfo, a Chinese mobile search and marketing provider.
3 min read · 25 October 2012
Fifty-nine percent of private equity executives believe their investment activity will rise over the next year, while 33 percent believe it will remain "about the same" and 8 percent expect to decrease their investment activity, according to a recent poll taken by audit, tax, and advisory firm KMPG.
3 min read · 25 October 2012
Zappos CEO Tony Hsieh is endeavoring to do something more ambitious than ever before. He’s trying to transform 1.5 miles of arid, dust-caked downtown Las Vegas into a bustling entrepreneurial center with up to $350 million of his own money. The question is whether he can pull it off without someone to simply say, “no.”
4 min read · 25 October 2012
There’s little question that on November 6, tech titans will be on tenterhooks as they watch the presidential election results. For one thing, who wins may determine whether today’s laws around repatriation -- bringing overseas earnings back to the U.S. -- will meaningfully change.
4 min read · 24 October 2012
Turkey's Yildirim Group, a privately-owned diverse industrial company, has made offers totalling $1 billion in the past two months to buy six companies involved in energy, chrome and ports, owner Robert Yildirim told Reuters on Tuesday. The Turkish magnate declined to name the companies involved for reasons of confidentiality.
4 min read · 23 October 2012
New York-based MidCap Advisors, a boutique investment bank focused on middle market transactions, advised on the sale of Southern Technical College in Orlando, Fla., to the Wicks Group, a private equity firm headquartered in New York. Southern Technical College operates six campuses in central Florida and offers career programs such as heating and air conditioning maintenance. Terms of the deal were not disclosed.
2 min read · 23 October 2012
Actuate Corporation, based in San Mateo, Calif., has acquired Quiterian S.L., a Barcelona-based software company focused on data mining and predictive analytics for both business and non-technical users. Terms of the deal were not disclosed. Actuate, founded in 1998, is an open-source business intelligence company.
5 min read · 23 October 2012
Louisville, Ky.-based SGS International, which offers graphic services to the consumer products packaging industry, announced today that its wholly owned subsidiary, Southern Graphic Systems, has acquired Stevenson Color for an undisclosed amount. Stevenson Color is family-owned, 86-year-old, Cincinnati, Oh.-based company that also provides graphics services to consumer products companies.
3 min read · 23 October 2012
Starwood Property Trust and Starwood Capital Group of Greenwich, Conn., has sold a 25% stake in both the first mortgage and mezzanine loans at 701 Seventh Avenue in the Times Square area to commercial real estate giant Vornado Realty Trust, based in Paramus, N.J. The parcel, which sits on a .4 acres and will be called the Times Square Gateway Center, is expected to feature a hotel, retail stores, and a 24,000-square-foot LED sign.
3 min read · 23 October 2012
