Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Deals
Sura and Bank of Nova Scotia partner to purchase BBVA Horizonte
Sura and Bank of Nova Scotia shelled out US$258 million each to acquire BBVA Horizonte of Peru. The financial conglomerate Sura of Colombia together with the Bank of Nova Scotia had announced the purchase of BBVA Horizonte, the Peruvian pension fund.
GroundMetrics Ends Second Round with US$1.5 Million
GroundMetrics was able to raise US$1.5 million in second round of financing. The second round of financial infusion of GroundMetrics was very successful.
Drake & Morgan Supported by Bowmark Capital
Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.
Cervel Neurotech Announced Completion of Funding Round
Cervel Neurotech completes funding and raises US$14.1 million. Cervel Neurotech disclosed in an announcement today the completion of its funding round and its raising of US$14.
Latest News
Warburg Pincus invests an undisclosed amount in INEA of Poland for less than majority shareholdings.
PT Dyviacom Intrabumi is raising funds for expansion plans. PT Dyviacom Intrabumi, the Indonesian Internet service provider is aiming to raise 7 trillion rupiah or US$720.
IAG purchases Vueling at Eur9.25 per share totalling Eur123.5 million. The Spanish stock market authority announced last Tuesday that IAG airline had enough bid acceptances to gain control of the airline Vueling.
Affin Holdings squelched rumors as to the supposed takeover bid by AMMB Holdings. Affin Holdings Bhd has squashed speculations that it is discussions with AMMB Holdings Bhd regarding AMMB's acquisition of the company.
GSK would form a joint venture partnership with Avalon Ventures to provide financial and technical support to drug-discovery start up companies.
Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.
Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.
A consortium led by CEO Jing Lou and CPEChina Fund Ltd has made a higher bid for 3SBio. 3SBio, a biotechnology company from China that focuses on research, development, manufacture and marketing of biopharmaceutical products, has announced the receipt of a proposal letter from CPEChina Fund LP.
