Singapore's Oversea-Chinese Banking Corp. Ltd. recently launched a $100 million private equity fund to invest in onshore Chinese companies over the next five years. The said fund will managed by OCBC Capital Equity Investment Management Co. based in Shanghai.
Investors
Canadian dairy firm Saputo lifts Warrnambool stake to 20pct
Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.
Raiffeisen Bank International to seek €2.25B capital hike
Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bolster its weak balance sheet.
US blogging system Medium mulls raising $20M in venture capital -rumor
US-based online writing and reading system Medium by Evan Williams is considering raising $20 million from venture capitalists after basically thriving on angel investments, according to circulating rumors.
Activist hedge fund Elliott bids to buy Riverbed Technology for $3.08B
Elliott Management Corp., a hedge fund run by activist investor Paul Singer, has made an offer to acquire network equipment maker Riverbed Technology Inc. for $3.08 billion. Riverbed was reportedly working with Goldman Sachs Group Inc. in November on a potential sale.
Latest News
Reuters Breakingviews Economics Editor Edward Hadas said the Bitcoin is nearing its end. Before it becomes forgotten, he gives five lessons that can be learned from the Bitcoin mania.
California, US-based home buying to-do service Closing Time raised $2.7 million in a funding round led by Accel Partners and former Yahoo executives, for the expansion of its service and workforce.
Citing sources, a PEHUB report said private equity firm Z Capital Partners is eyeing a hard cap of $750 million for Fund II after exceeding its target.
Tel Aviv, Israel-based social review engine Yotpo raised $10.7 million in a Series A funding round led by US-based venture capital firm Blumberg Capital to expand its office in San Francisco.
Bain Capital Ventures and Spectrum Equity have obtained minority stakes in healthcare software provider MedHOK or Medical House of Knowledge in a $77.5 million deal, Reuters reported.
Bangalore, India-based healthcare marketplace Medypal bagged $400,000 in a seed funding round from Unitus Seed Fund to help patients in the country find good and affordable service providers.
The former head of ORIX USA, Jim Thompson, has launched Preston Hollow Capital, an investment company that will target fixed income, venture capital and hedge funds.
AstraZeneca's MedImmune unit has partnered with Immunocore, a private British biotechnology company, to develop a cancer drug that would tap on the body's immune system, Reuters reported.
Geneva-based Vitol Group is thinking of making a bid for some of Royal Dutch Shell's downstream operations in Australia, according to sources interviewed by Bloomberg.
