Canadian telecommunications startup Public Mobile said on Thursday that it was acquired by venture capital firm Thomvest Seed Capital and private equity firm Cartesian Capital, a deal that points to active interest in new entrants to the sector, reports Reuters.
2 min read · 06 June 2013
A Dell Inc special committee challenged Carl Icahn on Wednesday, saying the activist investor is almost $4 billion short of the cash needed to fund his proposal for a $12-per-share special dividend.
2 min read · 06 June 2013
Private equity firm Kelso & Company has hired Barclays to find a buyer for Custom Building Products, Reuters reported.
2 min read · 06 June 2013
MakerBot, a privately held 3D printer maker, is in talks with unidentified suitors to sell itself, writes Reuters. The New York-based startup had been in discussions over raising $300 million in venture capital that led to interest from possible acquirers, according to the WSJ.
1 min read · 06 June 2013
Private equity group CVC Capital Partners will sell at least 23.5 percent of its stake in Belgian postal operator bpost at between 12.5 and 15 euros per share, writes Reuters. CVC owns 50 percent minus one share in bpost, while the Belgian state holds the rest.
1 min read · 06 June 2013
Australia's competition regulator has blocked an attempted takeover of Rafferty's Garden, an organic baby food supplier, by U.S.-based food giant H.J. Heinz Co on concerns that the deal would have reduced competition significantly, writes Reuters. By blocking the deal, the regulator has served up a setback for Anacacia Capital, the company's private equity owner, which invested in Rafferty's in 2010 through a management buyout.
1 min read · 06 June 2013
Athlon Energy Inc, backed by Apollo Global Management LLC, filed with U.S. regulators to raise up to $345 million in an initial public offering of its common stock, Reuters reported.
2 min read · 05 June 2013
A private equity fund run by Goldman Sachs has invested $135 million in unlisted Indian wind energy firm ReNew Power Pvt Ltd, making it one of the largest renewable energy investors in India, Reuters reported.
1 min read · 05 June 2013
Indonesian billionaire Chairul Tanjung has agreed to buy an 80 percent stake in the country's second-biggest pay-TV operator, Telkomvision, heating up competition in the emerging pay television market currently controlled by another tycoon, Harry Tanoesoedibjo, writes Reuters. CT Corp, an investment holding company controlled by Tanjung, is in talks with Indonesia's biggest telecom firm, PT Telekomunikasi Indonesia to buy the stake in PT Indonusa Telemedia or Telkomvision, writes Reuters.
2 min read · 05 June 2013
German academic publisher Springer Science+Business Media is to raise about 760 million euros ($993 million) in a share offering, writes Reuters. The group said it planned to sell shares and list them on the Frankfurt stock exchange before the European summer break, and Goldman Sachs and JP Morgan were acting as joint global coordinators and joint bookrunners, writes Reuters.
2 min read · 05 June 2013
