Northern Virginia-based private equity investment manager has invested an undisclosed amount in Nexercise, a Maryland-based free motivational health and fitness app for iPhone and Android.
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US private equity firm Blackstone lifts stake in MCX
US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.
BlackBerry hires former Sony Ericsson executive as head for loss-making devices business
Struggling smartphone maker BlackBerry Ltd. has hired Ron Louks as head of its loss-making devices business. Louks had served as chief executive officer at OpenNMS Group and as head of technology at Sony Ericsson.
Mashable raises $13.3M from outside investors in Series A round
News website Mashable takes on funding from outside investors for the first time, raising 13.3 million in its Series A funding round led by growth equity firm Updata Partners.
Shell, BP mulling over sale of oil refineries, petrol stations in Australia
Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.
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Nearly 30 funds run by Boston-based Fidelity Investments have bought a total of 2.4 million shares of Twitter in the days after its public debut. Fidelity's Contrafund led the way, holding 1.1 million Twitter shares at the end of November.
Santa Clara, California-based Palo Alto Networks has acquired Morta Security, a Silicon Valley-based cyber security firm that has been in stealth mode since last year, for an undisclosed amount.
Canada-based firm Enbridge Inc has announced an agreement to pour in $200 million in the Keechi Wind Project in Colorado, Texas, which is expected to be completed in early 2015.
Israeli startup OneHour Translation raised $10 million from venture capital firm Fortissimo Capital for its Series A funding round. Proceeds will be used to continue with the firm's international growth.
Convergys Corp., a customer management services provider, will buy Stream Global Services from private equity firms Ares Management and Providence Equity Partners for $820 million. Stream provides customer relationship management services in 22 countries in 35 languages.
World food giant Nestle has sold its US frozen pasta business Joseph's Pasta Co. to private equity firm Brynwood Partners VII. Nestle acquired the Haverhill, Massachusetts pasta marker in 2006.
The healthcare unit of Connecticut-based conglomerate General Electric Co (GE) agreed to acquire several life-science assets from Pennsylvania-based laboratory firm Thermo Fisher Scientific Inc in a deal that totals $1.06 billion.
Oil and gas company EP Energy Corp., controlled by private equity firm Apollo Global Management, expects to raise $1.08 billion in its initial public offering in New York. EP Energy will sell 40 million Class A common stocks priced at $23-$27 apiece.
Sources knowledgeable about matter told TechCrunch that Microsoft has bought customer service SaaS provider Parature for $100 million in order boost the knowledge base of its CRM platform.
