Lloyds Banking Group announced its sale of Heidelberger Leben for EUR 300 million to Cinven and Hannover RE.
Deals
Abbot acquires IDEV Technologies for USD 310 million
Abbott completed its purchase of IDEV Technologies Inc for USD 310 million. Global healthcare company Abbott announced the completion of its purchase of IDEV Technologies from RiverVest Venture Partners.
Ajubeo receives investment from Grey Mountain Partners
Cloud solutions provider Ajubeo said it received additional investment from Colorado private equity firm Grey Mountain Partners.
TrendKite closes USD 1.2 million in Series A funds
Texas-based startup media analytics firm TrendKite scored USD 1.2 million in its Series A round led by Silverton Partners.
PicCollage scores USD 2.3 million in seed funds
San Francisco-based mobile photo app developer PicCollage raised USD 2.3 million in seed funds. Mobile photo application developer PicCollage scored USD 2.
Latest News
Canadian investment manager Brookfield Asset Management Inc was able to raise USD 1 billion for its fifth fund.
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.
Collegefeed received USD1.8 million investment from Accel Partners A new social media platform specifically catered to college students has attracted a USD1.
Maginatics raised $17 million in Series B financing for its projects. Maginatics, a leader in technology innovations, clinched USD17 million in Series B funding.
