Inovalon Holdings Inc, an analytics and data-based technology service provider to the healthcare sector, filed with U.S. regulators on Tuesday to raise up to $500 million in an initial public offering of Class A common stock, Reuters reported.
2 min read · 31 December 2014
Yuri Milner, the billionaire Russian who holds the largest outside stake in Chinese handset maker Xiaomi, said he expects to invest more evenly between the United States and China in 2015, Reuters reported.
2 min read · 30 December 2014
Four banks have lined up around 480 million euros ($583.54 million) of debt financing to back US-based private equity group Bain's acquisition of German elevator components maker Wittur, banking sources told Reuters.
1 min read · 30 December 2014
Fast food chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors, Reuters reported.
2 min read · 29 December 2014
Private equity firm Apollo Global Management LLC (APO.N) is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES) (BES.LS), Bloomberg reported, citing people familiar with the matter.
1 min read · 29 December 2014
Canada's Ontario Teachers' Pension Plan said it had bought a 19.25 percent stake in Birmingham Airport from Australia's Victorian Funds Management Corporation, taking its investment in the British airport to 48.25 percent.
2 min read · 29 December 2014
China's Xiaomi Inc , one of the world's fastest-growing smartphone makers, has raised $1.1 billion in a round of funding that cements its status as one of the world's most valuable private technology companies at a valuation of $45 billion, Reuters reported.
2 min read · 29 December 2014
The board of American Apparel Inc (APP.A) has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.
2 min read · 29 December 2014
U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.
3 min read · 29 December 2014
Citigroup Inc (C.N) has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the world, Reuters reported.
2 min read · 26 December 2014
