A US$3 million loan was granted by Square 1 for the expansion goals of SteadyMed. Square 1 Bank has announced it has opened a US $3 million term loan credit facility to SteadyMed Therapeutics.
Deals
Russian Banks Get Support over Foreign Competition
Using bailout funds, Russian state owned banks create new business for its benefit. State controlled Russian investment banks of President Vladimir Putin are bullying foreign competitors out of the market, as they are buoyed by a bailout from its Russian tycoon cartel.
VTB Capital to Purchase Minority Shares in Tricolor TV
VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
CORWIL Acquired by Tonka Bay Equity Partners
CORWIL acquired by Tonka Bay Equity partners for an undisclosed amount. Tonka Bay Equity Partners announced their acquisition of CORWIL Technology Corporation.
Cleave Biosciences Raises Funding for Cancer Research
Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.
Latest News
First aid manufacturer Med-Tech Resource was acquired by private equity firm GC Capital. A San Francisco based private investment firm, GC Capital has announced the acquisition of majority shareholdings in Med-Tech Resource.
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Adknowledge purchases SocialWeekend Labs, the formal company name of MontiPay Inc. In an announcement, Adknowledge has acquired Montipay Inc under its name SocialWeekend Labs.
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
Bulat Utemuratov is thinking whether to purchase state owned shares in Alliance Bank and Temirbank. Bulat Utemuratov, the Kazakh billionaire tycoon is contemplating whether to purchase Alliance Bank and Temirbank from the government.
Immofinanze to list apartment portfolio of Buwog in an IPO. The residential unit of Immofinanz AG in Frankfurt will be offered in an initial public offering as early as November.
The purchase underscores the market expansion into France and away from Britain. India's number one software services company, Tata Consultancy Services, would purchase Alti SA of France for the price of Eur 75 million or US$98 million.
AXA PE sells off its shareholdings in Duplomatico Oleodinamica. AXA Private Equity has sold its interest in Duplomatic Oleodinamica, the Italian industrial supplier to Progressio SGR.
