Brookfield Asset Management stated that various international investors of one of their initiatives have now committed over US$14 billion.
Deals
Time Warner Cable, CBS Extend Negotiations to July 25
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
TPG says recent purchase needs heavy work
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Solis Capital sells majority stake in Tigers to GeoPost
Solis Capital announced that it had sold a majority stake in Tigers to GeoPost S.A. Solis Capital Partners LLC, a Newport Beach-based private equity group, revealed that it had sold its majority interest in Tigers Ltd to GeoPost S.
Unidas plans for IPO
Unidas announced plans for a public offering. Unidas, the Brazilian car rental company, announced plans for a public offering. The company said that they plan to use the funds from the public offering to finance potential acquisitions.
Latest News
PricewaterhouseCoopers reported that Florida received around US$156 million across 14 venture capital deals in the second quarter.
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
Summerhill joins several investors in bringing up C2FO's total to USD 18 million, Canada-based Summerhil; Venture Partners has joined investment firm Mithril in raising C2FO growth funding to a total of USD 18 million.
Private equity firms Bridgepoint and EQT express interest in purchasing refrigeration equipment company AHT Cooling.
Richman Group closed a total of USD 291 million of tax credit funds. Richman Group Affordable Housing Corp, a top equity fund sponsor for housing, closed a USD 166 million fund that includes a portfolio of properties scattered in 18 states and USD 125 million fund in New York, bringing up the total to USD 291 million.
Telefonica's merger with German KPN unit has posed a dilemma to the European Commission. Telefonica SA (TEF) and Royal KPN NV are testing European regulatory stipulations with their upcoming merger of mobile-phone units in Germany.
NatureBox Inc received USD 8.5 billion from investors Softbank Capital and General Catalyst Partners.
Vivendi SA is in talks with Emirates Telecommunications concerning its 53 percent stake in Maroc Telecom.
Snow leopards are being threatened by global cashmere demand. In the last two decades, the demand for cashmere almost tripled. UK was one of the top importer of cashmere, which was a multi-million dollar industry.
