Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Deals
Virgin Australia and Tiger Australia Merger Approved
The Australian Competition and Consumer Commission had approved the merger of Virgin Australia and Tiger Australia.
France's Total Invests in Libya
France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Asia United Bank to go on IPO
Asia United Bank is planning to sell 88 million in primary common shares priced at Php 110 per share.
Greek Asset Sale Fund asks revised bid from Emma Delta for Opap
Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.
Latest News
CA Technologies confirms news reports that it has acquired Layer7 Technologies. A VentureBeat report was confirmed by Reuters of the disclosed plans of CA Technologies to acquire Layer7.
Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.
Spondo raises Aus$1 million for capital expenditures. Spondo Global CEO & Director Chris Adam undertook a series of fundraisers in Melbourne before proceeding to the United States for the first part of a two-month fundraising itinerary.
First round capital funding for popular The Football App reaches Eur10 million. The Football App was able to increase its first institutional funding with a Eur10 million Series A capital funding from a group of investors headed by Earlybird Venture Capital.
Vidyo raises another US$17.1 million in investments. In an announcement today, Vidyo, Inc disclosed that it was able to secure an additional US$17. 1 million in financing.
The oversubscription of the San Miguel Corp bond issue brings with its dislocation according to institutional investors.
Schaeffler AG to sell off bonds to pay off debts. Schaeffler AG is undertaking plans to raise nearly Eur1 billion or US$1. 31 billion in a bond sale to pay off outstanding debts and refinance loans.
QNB in its growth plans, seeks to raise funds through bond issues to capitalize its acquisitions. Qatar National Bank SAQ is planning to sell US dollar denominated bonds as it continues to become the first Arabic financial institution to have an asset portfolio that exceeds US$100 billion.
Israeli firms reined in US$474 million in venture capital funding for the first quarter of 2013. According to the Israel Venture Capital Research Center, Israeli high technology firms have raised US$474 million in venture capital funding in the first quarter of 2013.
