VENTURE CAPITAL POST

London-based broadcaster ITV Plc has sold its remaining 6.79% stake in Scotland-based broadcaster STV for £7.5 million, severing a shareholder relationship that goes back to the 1990s.

A capital gains tax set to take effect in April 2015 which would be levied on the homes sold to people living abroad could diminish the status of London as a property magnet for foreign investors, Bloomberg reported.

Hong Kong-based private equity firm Gaw Capital Partners is set to purchase minority stakes in four commercial property acquisitions in the UK and the US, in a deal with a total value of USD1 billion.

According to the UK-based "Global State of Enterprise Mobility for the Past, Present and Future" report, mobile apps could be the most invested-in startups in 2014.

UK-based independent private equity firm Vitruvian Partners closed USD1.6 billion (EUR1.2 billion) in a fundraising round for its second fund, the Vitruvian Investment Partnership II (VIP II).

India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.

European private equity company Bridgepoint has agreed to acquire pre-university training firm Cambridge Education Group (CEG) from London-based investor Palamon Capital Partners for GBP185 million.

Dubai property firm DAMAC raised USD348 million in its first trading day in the London Stock Exchange. A week ago, DAMAC reduced the deal size to USD400 million and fixed the final price at USD12.25 per global depositary receipt (GDR).

After establishing its first merchant bank in the UK, Edmond de Rothschild Group has launched a new asset management business in London to upsize its assets under management and boost its presence in the UK capital.

Just months after pulling out of a planned multi-billion dollar sale of his grocery chain, Hong Kong billionaire Li Ka-shing has started the process for Waston's initial public offering. The global retail business is set to float next year.

Fullerton, an investment fund run by Singaporean sovereign wealth fund Temasek Holdings, has acquired 5 million shares in Bollywood film distributor Eros International at USD11 apiece.

US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.

London-listed Hochschild Mining Plc plans a USD350 million bond issue to finance its expansion projects in Peru and Chile. It intends to invest USD372 million in a silver mine project in Peru and USD1 billion in a gold project in Chile.

The auction frenzy seen in Hong Kong's latest auctions by Christie's International Plc was not caught on in London, wherein seven of the 24 lots put up for sale did not attract bidders.

German bank Deutsche Bank AG is reportedly negotiating the sale of Tilney Investment Management to British private equity firm Permira. Permira has beaten other rival bidders for Tilney, including Brown Shipley & Co.