NewWave Communications purchased by Rural Broadband and GTCR. In an announcement today by GTCR, it disclosed its acquisition of NewWave Communications from Pamlico Capital.
Deals
Commerzbank to sell off property loans business
Commerzbank is selling off its property loans unit to Lone Star and Wells Fargo Bank. Commerzbank is in deep discussion to negotiation the divestment of the bulk of its Eur5.
Dish announces completion of queries from Sprint Special Committee
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Navis is new investor at TES-Envirocorp
Navis invests in TES Envirocorp. Southeast Asian private equity firm, Navis Capital Partners, has concluded its investment into TES-Enivirocorp, an electronic waste or e-waste division leader based in Singapore but known globally.
Lanx Concludes Series C with US$15M
Lanx Inc Concludes Series C funding by raising US$15 million. The privately held world renowned spine company, Lanx, Inc. disclosed today the conclusion of its Series C equity financing round by raising US$15 million.
Latest News
Synalit Milk is now preparing for a possible IPO to fund its expansion plans in China. New Zealand dairy company Synlait Milk Ltd is planning to conduct an initial public offer of shares to fund its expansion plans into the booming infant formula market in China.
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
Wheelz's purchase by Relay Rides merges into the largest peer to peer car sharing marketplace. RelayRides announced today its acquisition of Wheelz, a peer to peer car sharing policy.
TransferWise raises funds with Paypal co-founder leading the funding round that totalled US$6 million.
Verizon Wireless announces a US$7 billion dividend by June,. The largest US mobile service provider, Verizon Wireless, announced Monday that it would be paying its parent firms Verizon Communications and Vodafone Group Plc dividends totalling US$7 billion in June of this year.
The Commercial Bank of Dubai has set the price of its bond issue with a volume of US$500 million. The Commercial Bank of Dubai has set the price of its US$500 million international bond issue after the launch of the deal at the higher end of the price guidance, showing healthy investor demand.
Fairway Market's outlook is positive but faces challenges especially from its market competitors.
IP-Only Telecoms to be purchased by EQT from three major shareholders. EQT has entered into a contract to purchase 91% of IP-Only from its three biggest shareholders.
Wochit secures US$4.75 million in its Series A funding round. Wochit, Inc secured US$4. 75 million funding from its recently concluded Series A growth capital round.
