Snapchat has raised $175 million in fresh funding from Fidelity Investments and other investors, Reuters News is reporting.
2 min read · 04 March 2016
Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Reuters reported, citing a Bloomberg story. Baar, Switzerland-based Glencore aims to slash net debt to between US$17 billion and US$18 billion by the end of 2016, US$1 billion more than previously planned, by offloading more assets amid a prolonged commodities rout.
1 min read · 04 March 2016
Private equity firm AnaCap Financial Partners said on Friday it had bought two portfolios of Italian non-performing loans together worth more than 2 billion euros ($2.2 billion) from GE Capital Real Estate and the Royal Bank of Scotland.
1 min read · 04 March 2016
Private equity firm Carlyle Group LP is exploring a sale of Zodiac Pool Solutions SAS, hoping a deal will value the U.S. swimming pool and spa equipment maker at more than $800 million, including debt, according to people familiar with the matter.
2 min read · 04 March 2016
Messaging app operator Line Corp, which is owned by South Korea's largest web portal operator, Naver Corp, plans an initial public offering of up to $3 billion in New York and Tokyo, IFR reported on Friday, citing people close to the deal.
1 min read · 04 March 2016
Africa Internet Group (AIG), a Nigerian e-commerce group, has secured further funding worth a total of 225 million euros ($245 million) from investors including Goldman Sachs, South African telecoms group MTN and Germany's Rocket Internet, it said on Thursday.
2 min read · 03 March 2016
Morgan Stanley said on Thursday it had raised $3.6 billion for its second infrastructure fund, North Haven Infrastructure Partners II (NHIP II).
1 min read · 03 March 2016
The Healthcare of Ontario Pension Plan, one of Canada's largest public pension plans, said it achieved a return of 5.1 percent on its investments in 2015, with private equity investments the biggest contributor, Reuters reported. HOOPP said net assets grew to $63.9 billion at the end of 2015 from $60.8 billion a year earlier. Its private equity investments achieved a return of 17.7 percent last year.
1 min read · 03 March 2016
XJet, which develops technology for 3D printing for metal parts, said on Thursday it raised $25 million in a funding round led by Israeli-Chinese private equity fund Catalyst CEL and design software maker Autodesk, Reuters News reported.
1 min read · 03 March 2016
General Electric Co (GE.N) said it would sell its India commercial lending and leasing businesses to a consortium of former GE Capital executives and Aion Capital Partners as it looks to trim itself and focus on its industrial businesses, Reuters News reported.
1 min read · 03 March 2016
