A Canadian government-backed investment fund set up to help revive the country's ailing venture capital industry raised C$217.5 million ($198 million) at its initial closing, its backers said on Tuesday.
2 min read · 22 January 2014
Cloud software maker VMware Inc said it would buy privately held mobile security company AirWatch in a deal valued at about $1.54 billion to tap into rising demand for software security, Reuters reported.
3 min read · 22 January 2014
A 23.5 percent stake in Russian truckmaker Kamaz may be sold to Russian buyers rather than its partner Daimler because the German carmaker is not offering a high enough price, Kommersant newspaper reported on Wednesday.
2 min read · 22 January 2014
Party City Holdco Inc, the largest U.S. party goods retailer backed by buyout firm Thomas H. Lee Partners LP, filed with U.S. regulators to raise up to $500 million in an initial public offering of common stock, Reuters reported.
2 min read · 22 January 2014
Sabre Corp, the owner of online travel agency Travelocity, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock as it attempts to become a publicly traded company again, Reuters reported.
2 min read · 21 January 2014
The owner of Britain's Guardian newspaper has agreed to sell its 50.1 percent stake in cash-generative Trader Media Group to private equity firm Apax for around 600 million pounds ($985.2 million), Reuters reported.
2 min read · 21 January 2014
A Nordic venture capital firm says it has built the world's largest database of businesses dealing in Bitcoins in an effort to shed light on a virtual currency which has seen its value rocket in the past year, writes Reuters. Creandum, which has invested in fast-growing Nordic tech firms, said the database contained more than 300 companies trading Bitcoins.
3 min read · 21 January 2014
Swedish private equity firm EQT has raised 1.1 billion euros ($1.49 billion) for a fund that will invest in mid-sized companies in Northern Europe, Greater China and Southeast Asia, writes Reuters. EQT said a typical deal size for the fund would be between 80 and 150 million euros in Northern Europe and up to 200 million euros in Asia, and that it saw deals coming in family- and entrepreneur-owned businesses as well as listed companies.
1 min read · 21 January 2014
Mutual fund manager Franklin Templeton has hired a former hedge fund manager to expand its Asian line-up of products investing in alternative assets, writes Reuters. Scott Collison, who in 2011 launched one of the biggest hedge funds in Asia, has joined Franklin Templeton in Singapore as its first head of alternative sales for Asia.
2 min read · 20 January 2014
Private equity firm Electra Private Equity will acquire footwear retailer Hotter Shoes, The Telegraph reported on Sunday, writes Reuters. The shoe company, which was founded in 1959 as Beaconsfield Footwear, had hired investment bank Rothschild early last year to explore strategic options for the business.
1 min read · 20 January 2014
