OpenGate Capital, LLC got support from Backbone Capital Advisors, a financial advisory services firm, to follow through the completion of its buyout of PennySaver USA.
Deals
Blackberry shares increase following news on potential buyers
BlackBerry shares rose last Monday after reports of potential strategic buyers taking interest in the struggling smartphone maker, said a Reuters report.
Twitter gets "buy" rating even before going public
Twitter Inc got a "buy" rating from a brokerage company even before the social media platform went public, said a Reuters report.
Vitol SA's debt rates same as Glencore negotiated rates
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Time Warner Cable purchases DukeNet to expand into Southeastern US
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
Latest News
The fund, projected to be between USD500 million and USD750 million, was closed by the firm at USD812 million worth of capital commitments.
Oil and gas energy company First Titan Corp was reportedly at the end of closing its acquisition deal of a potentially profitable oil zone based in Hardin County, Texas.
Ingo Money received growth equity funding of an undisclosed amount from Camden Partners. Ingo Money announced the growth equity investment it had received from private equity firm Camden Partners.
A spokesman for Yury Kovalchuk said the billionaire was thinking of buying a stake in Tele2 Russia and putting some of his shares in Sobinbank for sale.
Sonatrach's purchase of Petroceltic International's Algerian assets increased the value of the latter's stock.
The Coors family had opened up its growth plans for Outlast Technologies' temperature-controlling technology.
Private equity firm Inflexion bought On The Beach for GBP 73 million from Isis Equity Partners. UK-based private equity firm Inflexion purchased online travel agent On The Beach for GBP 73 million or USD 11.
The Abraaj Group made its first investment in Cote d'Ivoire to back African Industrial Services Group.
Moody's Investors Services advised IOI Corp Bhd about the financial implications of its planned acquisition of a 39.55% stake in Unico-Desa Plantation Bhd.
