ZestFinance, a company that licenses out its technology to minimize the risks in making loans, is getting a cash infusion from an entrepreneur who figured out how to make money transfers on the Internet: PayPal's Peter Thiel, Reuters reported.
2 min read · 31 July 2013
Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more, Reuters reported.
4 min read · 31 July 2013
Australia's Nine Entertainment, owned by two U.S. hedge funds, is looking to raise up to A$1.2 billion ($1.1 billion) in an initial public offering before the end of the year, a newspaper reported on Wednesday.
1 min read · 31 July 2013
Fundraising by private equity firms for emerging markets halved in the first half of 2013 from year-ago levels and investments fell by a tenth, reflecting a tougher overall backdrop for the industry, Reuters said citing a report.
2 min read · 31 July 2013
The insolvency administrators of German DIY store chain Praktiker have stepped up the search for an investor by appointing Macquarie as advisor and asking for bids by September, writes Reuters. Sources told Reuters last week there had already been interest from private equity.
2 min read · 31 July 2013
Scoop.it has secured $2.6 million in funding according to VentureBeat, writes Reuters. The company combines semantic analysis with human curation to help brands publish relevant content. Partech International, Elaia Partners, IXO Private Equity and Orkos Capital contributed to this round. The company has also hired Andrew Federici as vice president of monetization.
2 min read · 31 July 2013
Nomura's co-head of financial sponsors, Saba Nazar, is moving to Bank of America Merrill Lynch (BAML) to take up a similar role, Reuters reported citing an internal BAML memo.
1 min read · 30 July 2013
Pizza chain Papa Murphy's is close to selecting banks for an initial public offering that could come later this year, sources told Reuters.
1 min read · 30 July 2013
Bahrain-based alternative investment manager Investcorp reported a 56 percent rise in full-year net income on Tuesday, aided by strong growth in fee income, Reuters reported.
1 min read · 30 July 2013
The chairman of Spirit Airlines Inc plans to resign in August as funds affiliated with private equity firm Indigo Partners LLC divest their stake in the company, writes Reuters. William A. Franke, chairman of the board of Spirit Airlines, plans to resign at the company's next board meeting, scheduled for Aug. 7. John R. Wilson, a director, also plans to resign at that time, writes Reuters.
1 min read · 30 July 2013
