Lehman Brothers Holdings Inc and Giants Stadium LLC could not agree on the settlement amount of two interest-rate swap contracts the latter had cancelled.
Deals
Permira set to acquire Dr. Martens maker
The family business that owned the Dr. Marten brand would be acquired by private equity firm Permira for GBP300 million.
Enterprise communications startup Highfive raises USD9.5 million in Series A funding
Highfive, a startup that had been developing a product for enterprise communications, were founded by Shan Sinha and Jeremy Roy of collaborative document solution DocVerse.
Tata Capital and other investors provide growth capital for Mitra Biotech
Mitra Biotech raises INR40 crore for cancer care. Tata Capital's Tata Capital Innovations Fund together with existing investors India Innovation Fund and Accel Partners, would invest INR40 crore in Mitra Biotech, a cancer care provider based out of Bangalore.
A recent report showed a drop in total funding in the Indian wind sector
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
Latest News
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Lambert Private Equity would be purchasing up to USD 200 million of the common stock of Accelera Innovations.
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
According to a Wall Street Journal report, Marcato Capital would like Sotheby's to divest its New York and London properties.
Emirates NBD would be exiting from its remaining 15% stake in property developer Union Properties. On Thursday, the chief financial officer of Dubai's largest bank said it would be divesting its remaining ownership in Union Properties.
US-based Web lender Endurance Lending Network had consolidated with UK-based lender Funding Circle. Funding Circle, of which its platform allows peer-to-peer lending, had announced itds consolidation with Endurance Lending Network of San Francisco.
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
