Praesidian Capital, Evolve Capital back Meheen Manufacturing

Praesidian Capital invested in Meheen Manufacturing through a first lien debt worth USD 11.25 million.


Hilton Worldwide prepares USD 12 billion debt refinancing package: sources

Sources said Hilton Worldwide was preparing for a debt refinancing package worth USD 12 billion before its IPO next year.

Soros adds 2 million shares to JC Penney portfolio, others exit

George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.

Aboitiz Power looks into acquisition of state-owned power assets

Aboitiz Power expressed its interest to acquire some of the country's state-owned power assets.


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Flixel Photos Inc raised USD 770,000 in its most recent financing round. Software developer Flixel Photos Inc closed its financing round with USD 770,000.
Ivanhoé Cambridge announced it would buy a 50% stake in Place Ville Marie for more than USD 400 million.
Eike Batista sold his shares in LLX Logistica to EIG Global Energy Partners for USD 562 million. Brazilian businessman Eike Batista ceded control of LLX Logística to EIG Global Energy Partners.
Salsa Labs scored USD 2 million in venture debt financial from Toronto-based Wellington Financial. Wellington Financial provided venture debt financing to Salsa Labs Inc worth USD 2 million.
Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.
The EU approves the joint venture to create a new mobile commerce venture in Spain. A new venture that focuses on the future of mobile commerce in Spain has been approved by the European Commission.
Carey Watermark Investors bought Raleigh Marriott City Center from Interstate Hotels & Resorts for USD 89 million.
Bulova replaced Hublot as Manchester United's official timekeeper. Manchester United inked a new three-year sponsorship agreement with Bulova. The US watchmaker would now be the official timekeeper of the second-richest sports franchise in the world.
Manduka purchased yogitoes in a deal advised by the Meriwether Group. Eco-friendly yoga gear maker Manduka Llc acquired Skidless towel maker yogitoes Inc in a deal advised by the Meriwether Group.
Incline Equity Partners said it was able to raise more than USD 301 million for its third fund. Incline Equity Partners (IEP) announced the successful closing of its third fund, which scored over USD 301 million in capital commitments.