Bitcasa Inc., a cloud storage company based in California, raised USD11 million in its venture round funding. Bitcasa has raised USD19.5 million since it's launch in September 2011.
Deals
Servergy Inc raises USD 20 million from Series C round
Accredited investors from The Williams Financial Group participated in the Series C round for Dallas-based Cleantech IT innovations firm Servergy Inc which closed with USD 20 million.
Top deals of the day - mergers & acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Vale exits USD1.1 billion worth Hydro asset
Brazilian mining giant Vale had put up for sale its USD1.1 billion stake in Norwegian aluminum supplier Norsk Hydro, significantly reducing its stake in the company to 9.74%.
Viola Private Equity to sell stake in Amiad Water worth GBP12 million
Viola Private Equity's 19.5% stake in filtration technology company Amiad Water Systems Ltd. had been put up for sale. The investment firm's stake in the company is now worth GBP12 million.
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The Royal Bank of Scotland, due to a looming divestment by the British government, had put up for sale a shipping loan worth USD800 million.
Dynagas LNG Partners LP's business was directly proportional to the performance of its 3 LNG (Liquefied natural gas) carriers and existing charters with Gazprom and BG Group.
Toll Brothers Inc would be seeking to acquire the amount needed to finance its USD1.6 billion acquisition of Shapell Industries Inc and refinance its 4.95 notes due next year.
After Twitter's IPO and the expansion of Facebook, other social media services such as SnapChat, WhatsApp and other social networking sites compete against one another.
Canadian retailer Sears Canada would be exiting from its ownership in eight real estate properties for CAD315 million after suffering from company losses.
The amount that private-equity firm KKR & Co would use to acquire Brickman Group Ltd would come from its ongoing North American fund worth over USD8.3 billion and other financial pools.
TPG Capital and Abraaj Group had formed a partnership to succeed over KKR & Co. in acquiring a majority stake in fast-food chain Kudu. Kudu has over 200 restaurants located in Saudi Arabia.
Several industry observers believed that Alibaba's upcoming IPO on November 15 would not be eclipsed by the media frenzy of Twitter Inc's recent public listing.
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
