RiverPark Advisors launch a new open-ended mutual fund which was a conversion of hedge fund Wavecrest Partners Fund I launched on September 2008.
Deals
UK to sell stake in Lloyds
Britain announced that it would sell its stake in Lloyds Banking Group priced at least GBP0.50 a share.
Hudson’s Bay names new Saks chief merchant
Hudson's Bay Co. announced naming Marigay McKee to be the president of the US luxury retailer Saks Inc. after the acquisition deal was completed.
Blackstone seeks IPOs after hotel sales accelerate
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
IMF completes first review of Cyprus bailout program
After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.
Latest News
Upworthy, the video social media site, had received USD8 million for its Series A funding round. Eighteen months since its launch, social media site Upworthy announced the receipt of USD8 million as equity investment for the company, The investors were led by Spark Capital, Cantamount Ventures, Uprising and the Knight Foundation.
For an undisclosed amount, Vance Street Capital purchases Lark Engineering to complement an earlier acquisition.
Today, Quintiles said it had completed its purchase of Novella Clinical as stated in the previously announced agreement.
Today, Splunk Inc. announced entering into a definitive agreement to acquire BugSense Inc, a leading analytics solution provider for machine data generated by mobile devices.
USMD Holdings announced today its acquisition of 17.96% ownership interest in USMD Hospital at Arlington that increased the ownership of the physician-led integrated healthcare system to 45.4%.
An endowment fund was established for the Eric B. Chandler Health Center through the assistance of the Robert Wood Johnson Foundation and the New Jersey Health Foundation.
The bankruptcy Chapter 11 plan for KV Pharmaceuticals sufficiently reduced its debt and opened a USD375 million recapitalization facility.
Aside from paying USD605 million for the tungsten business of Allegheny Tech, Kennametal gains tax savings as well as large revenues of the business.
Perion Network's share prices declined as the promised premium for the merger was lost. The share price for the Perion Network Ltd had its largest decline in more than three years as its investors were disappointed with the lack of a premium for its merger with Conduit Ltd's Client Connect business.
