Cydan, through private equity placements, has unveiled its program of de-risking of drugs for therapeutic and commercial issues.
Deals
Yahoo! to Target Mobile Talent in M&A Spree
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
iRhythm Technologies Completes Series D Round of Funding
Led by Norwest Venture Partners, iRhythm Technologies latest funding round was able to raise US$16 million.
India’s Snapdeal Gets $50 Million Funding from eBay and Recruit Co
India’s online retailer Snapdeal has raised funding estimated to be between $30 million and $50 million from eBay and Recuit Co of Japan.
SBI Jefferies to Invest in Series B for Panviva Pty Ltd
Panviva Pty Ltd receives Aus$4 million from SBI Jefferies Asia Fund. Leading developer of software solutions for business processing guidance, Panviva Pty Ltd, announced that it was able to obtain equity financing worth Aus $4 Million in its Series B financing round from SBI Jefferies Asia Fund.
Latest News
Hong Kong regulators has approved the listing of the IPO for China Galaxy Securities. Hong Kong exchange regulators have signified their approval for the initial public offering of China Galaxy Securities.
Serent Capital agrees to invest in Optimal Blue. Serent Capital has invested in leading mortgage technology provider, Optimal Blue. Serent Capital is a leading San Francisco-based private equity firm that focuses on investing with high growth and profitable companies.
According to MTN CEO,the company is expanding from Africa to Asia and the Middle East. The largest African mobile operator, MTN Group Ltd, is expected to spend as much as US $8 billion on acquisitions in order to increase its spending in networks that limited its earnings.
PKO BP just recently announced plans to purchase Nordea Bank Polska and is also looking into the purchase of CSOB of KBC Groupe.
The Petronas shareholdings increased after it submitted its revised offer to EPF for its shares for MISC.
Three partners led by Nicolas Berggruen is planning to invest as much as Eur 1 billion in Portuguese properties.
Manulife purchased Kowloon East Building for HK$4.5 billion. Manulife Financial Corp has inked a deal to pay the second highest price on record for an office tower in Hong Kong.
Private equity firm, Advent International, has opened an office in China, just like other big private equity firms The Carlyle Group CVC and Bain Capital.
CEO Franco Bernabe would most likely be given permission to conduct exploratory talks on a merger between Telecom Italia and Hutchison Whampoa.
