Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
Deals
Easy Taxi app receives USD7 million from Rocket Internet-iMENA consortium
A Rocket Internet and iMENA Holding consortium would be marketing mobile app Easy Taxi to North Africa and the Middle East.
Intel Capital commits USD65 million in 16 companies
16 startups whose products focused from cloud services to video and imaging technologies had received USD65 million in investment from Intel Capital.
Yue Xiu Group nears deal to acquire Chong Hing Bank
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
APR Energy to expand in power rental via USD314 million GE unit acquisition
The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.
Latest News
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Billionaire investor Carl Icahn cashed in part of his ownership stake in video streaming company Netflix Inc.
Sources disclosed to Reuters that Cerberus Capital Management LP and other buyout firms were interested in acquiring Safeway Inc.
With the increasing competition from both high-end and mass retailers, US mainstream grocery chains had been selling off business units to private equity firms.
Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.
A share buyback worth USD1.9 billion was agreed upon between Corning and Samsung for the joint venture Samsung Corning Precision Materials Co.
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
A projected USD150 million would be earned when 500.com lists its shares for an IPO at the New York Stock Exchange.
Goldman Sachs becomes the latest investment firm to open its own Mexican brokerage firm. Goldman Sachs Group Inc had announced the opening of a local broker-dealer firm in Mexico.
