The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
Funding
Judge approves tentative deal for Countrywide
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
Startup IfOnly scores USD 12 million from investors
IfOnly was able to raise USD 12 million from investors in a round led by New Enterprise Associates. San Francisco-based startup IfOnly gathered USD 12 million in capital commitments from various investors.
GE Capital gives Original Joe’s USD 49 million expanded senior credit facility
Original Joe's Franchise Group Inc and its parent company Franworks Franchise Corp received an expanded senior credit facility from GE Capital's Canadian Franchise Finance business.
Lone Star Funds closes third real estate fund with USD 6.6 billion- source
A source told Bloomberg that Lone Star Funds closed its third real estate fund with investor commitments reaching USD 6.6 billion.
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California-based startup Paxata has aided scientists in grueling data preparation leading to work analysis.
Stratoscale's core product promised to make data center processes more efficent. Two entrepreneurs recently secured a USD10 million investment for its large data center software product.
A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
Sources told the Wall Street Journal that KKR & Co would be pouring in an initial USD100 million in a wireless communications infrastructure project with investment firm Associated Partners LP.
Payfone was able to gather a USD 10 million investment from Early Warning Services. Payfone Inc said it was able to raise USD 10 million from Early Warning Services.
Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
