New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.
Firm Management
Innergex acquires hydroelectric facility for US$28.6 mln
Electricity provider Innergex completes its US$28.6 million purchase of Magpie hydroelectric facility in Quebec.
Bare Snacks Closes US$9.25 Mln in Funds
Healthy snack food provider Bare Fruit receives US$9.25 million in funding round participated by NGEN, Avrio and Silas.
Second largest gold producer reports loss despite US$1.77 billion writedown
Newmont Mining Corp. experiences surprise income loss despite writing down mine and stockpile values.
Punch Graphics, to sell 65.68% Xeikon stake to private equity houses
Punch Graphics plans to sell majority stake in digital press manufacturer Xeikon for EUR 110.3 million.
Latest News
Shares for Jet Airways increased dramatically after speculation of FIPB approval of Jet-Etihad deal surfaced.
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Private Equity Headhunters now has a new Chief Technology Officer in Mr. Jaree Zafar. Mr. Jaree Zafar was appointed as the Chief Technology Officer of Private Equity Headhunters, a Texas-based firm that focuses on getting jobs for executives.
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
Mark Price, the Managing Director of Waitrose, has been appointed as Deputy Chairman of John Lewis Partnership.
BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings. BlackBerry, a currently troubled smartphone producer, fired 250 employees from its product-testing facility in Waterloo, Ontario.
