OB10 is sold to Tungsten Corp for GBP100 million. The direct investment arm of the Fleming Family & Partners, FF&P Private Equity, had announced the sale of OB10 to Tungsten Corp for the sum of GBP100 million.
Deals
Boral and USG Corp announces joint venture
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
Rice Energy prepares for IPO
Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.
Richemont's Lancel receives bid from Change Capital
Swiss luxury group Richemont received a non-binding offer from Change Capital Partners for its leather goods maker Lancel, said sources who were close to the matter.
FWD Group formalizes investment agreement with Swiss Re
Swiss Re set to formalize a USD425 million investment for 12.3% of FWD. An investment worth USD425 million was agreed upon between Swiss Re and FWD Group, HK entrepreneur Richard Li's insurance firm.
Latest News
The staff of Royal Mail Group Ltd. had voted to go on strike after less than a week the company had launched its IPO, claiming the public debut would put jobs at risk in the company.
Dutch cable company Ziggo had rejected the preliminary takeover offer from Liberty Global Plc saying that the bid was inadequate, reported Bloomberg.
The quarterly report on angel group investment activities was recently released. A national survey of angel group investment activity was reported in the Q2 2013 Halo Report.
The consortium comprising of Indian Oil, ONGC Videsh and Oil India, as well as Repsol SA, would not be exercising the right of pre-emption of the vacated shares in the oil project previously owned by Petronas of Malaysia.
The sale of GE Money Bank was a move from General Electric to retreat from the finance sector that would value the company up toCHF1.53 billion, said a report from Reuters.
People familiar with the matter told Bloomberg that Edgewood Partners was looking for bidders for the insurance firm.
Imperial Capital Group backed STI Technologies with a USD 17 million investment. Toronto-based Imperial Capital Group announced its USD 17 million investment in reimbursement card provider STI Technologies.
According to a Techcrunch report, the initial public offering of enterprise cloud provider Veeva Systems saw its shares climbed almost 84% and had raised USD194 million.
500 Startups said in its recent US Securities and Exchange Commission filing that it would raise USD100 million to increase its investment in early-stage startups and put additional investment in startups it had already supported.
