Backed by Norwest Venture Partners, New Enterprise Associates (NEA), SingTel Innov8 of the SingTel Group, and an undisclosed global bank, Bitglass reportedly received additional $25 million in Series B funding. Norwest and NEA were also among its investors in the earlier round, where it got $10 million. The company plans to use the new investment to expand sales, marketing and technology development.
The Florida Venture Forum will host its seventh annual Early Stage Conference May 15 together with the 4th Annual Statewide Collegiate Business Plan Competition in Florida attended by 20 choice ventures positioned for equity financing.
Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.
BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa.
On Friday, investment bank Investec said that Bank of Queensland would acquire its Australian unit in a deal valued USD414 million, reported WSJ.
State Bank of India has announced raising USD750 million to USD1 billion worth of overseas investments through bond sales, reported ET.
Hungary's OTP Bank is close to acquiring MKB from BayernLB said sources familiar with the matter, reported Reuters.
Three banks have offered a bridge loan for the acquisition of Singapore's Overseas-Chinese Banking Corp Ltd. over Wing Hang Bank, reported Reuters citing sources familiar with the matter.
Shareholders of Wall Street lender Morgan Stanley are looking forward to the decision of the US Federal Reserve if it will allow it to return capital to them via share repurchases, Reuters reported.
Saint Helier, Jersey-based gold mining and minerals exploration Lydian International pocketed C$4.7 million in a private share sale to its shareholders International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (ERBD) to fund its operations in Armenia.
Dundee, UK-based software startup Allthings landed £400,000 in funding from the Scottish Investment Bank and other local investors to support its growth strategy and the improvement of its task-listing and collaboration tool.
Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.
Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.
Permira will be buying the regional businesses of private client investment manager Tilney in Birmingham, Edinburgh, Glasgow and Liverpool from Deutsche Bank, a statement about the funding said.
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
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