Canadian oil producer Penn West Petroleum announced that it will be selling up to USD2 billion of its assets to reduce debt levels.
Archives
Investors pick up BlackBerry convertible debt offer
Investors such as Qatar Holding and Fairfax Financial have picked up sizeable amounts of BlackBerry's USD1 billion convertible debt offer.
Dubai Holding ratings upgraded by Moody's
Upgrades were issued to the CPR and MTN of DHCOG including a positive outlook stamp of approval by Moody's Investor's Service.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday The following bids, mergers, acquisitions and disposals were reported on Wednesday:Germany's Siemens agreed to sell the bulk of its water technologies business to private equity group AEA Investors for 640 million euros ($862 million).
Centro purchases SiteScout Inc
Software provider Centro has bought self-serve platform for banners ads SiteScout Inc. Chicago-based Centro acquired Canadian company SiteScout Inc for an undisclosed amount.
Latest News
AEA Investors LP signed an agreement to buy Siemens Water Technologies for EUR640 million. AEA Investors LP agreed to a EUR640 million acquisition deal with Siemens Water Technologies.
Web security solutions firm Wallarm receives USD 500,000 in seed investment from Runa Capital. Runa Capital has made a USD 500,000 seed investment in Moscow, Russia-based web security solutions company Wallarm.
CIT Corporate Finance provided a senior secured credit facility worth USD 35 million to wireless communications towers operator Central States Tower II.
Pinterest analytics platform Tailwind scored USD 1 million in seed funds in a round led by i2e. Tailwind announced that it was able to obtain USD 1 million in seed financing.
Startup what3words raised USD 500,000 from angel investors to develop their location pinpointing platform.
Software-as-a-Service platform Granify obtained seed funds worth USD 1.5 million from venture capitalists and angel investors.
Icon Venture Partners I was an oversubscribed investment fund for the purpose of investments in companies in key enterprise technology sectors.
Bain Capital Ventures, Battery Ventures and Summit Partners contribute a total of USD30 million in the latest funding round of Gainsight.
METRIX Capital Group closed its latest funding round at USD5 million in pledged amounts for its alternative loan program.
