2 min read · 24 September 2012
The sun is shining brightly for SoloPower, a small solar power company that is using federal funding (the same loan guarantee provided under the controversial program that supported Solyndra) to launch production.
7 min read · 24 September 2012
Life-sciences and health investing, long shunned by venture-capital investors, is making a comeback. Several venture firms globally have raised or are raising funds this year in the $200 million to $400 million range dedicated to life sciences, biotech, and medicine...
4 min read · 24 September 2012
1 min read · 24 September 2012
2 min read · 24 September 2012
2 min read · 24 September 2012
A Japanese government fund, as part of a consortium including Toyota Motor Corp, is considering a bailout of troubled chipmaker Renesas Electronics Corp, writes Reuters. Such a plan would counter a 100 billion yen ($1.3 billion) bid for Renesas by private equity firm KKR, which is in talks to buy a majority stake in the business, writes Reuters.
2 min read · 24 September 2012
Private equity firm Advent has agreed to buy Dutch medical supplier and pharmacy owner Mediq for 775 million euros ($1 billion) in cash, more than 50 percent above last week's closing price, writes Reuters. Mediq's management and supervisory board support the deal, and shareholders owning 20.2 percent of Mediq have already accepted the offer, according to Reuters.
1 min read · 24 September 2012
The owners of the AA have hired accountants Ernst & Young to begin work on valuing the 107-year-old motoring services company, writes Reuters. The process could see the AA eventually sold or floated on the stock market for as much as 5 billion pounds ($8.1 billion), writes Reuters. Acromas is backed by Charterhouse, CVC and Permira and was formed in 2007 through a 6.1 billion pound merger of AA and Saga.
2 min read · 24 September 2012
SeaWorld has appealed a federal ruling that has kept its trainers from swimming with killer whales during public performances, as the theme park company said that physical contact between animals and their human minders was essential to its operations, writes Reuters. SeaWorld is owned by Blackstone Group and has parks in Orlando, San Diego and San Antonio.
2 min read · 24 September 2012
