American asset management firm Oaktree Capital Group was reportedly among the cornerstone investors in China Cinda Asset Management Corp's initial public offering. China Cinda is expected to launch the Hong Kong listing on Monday.
Investors
Big tech acquisitions seen surging in Israel
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
Repsol willing to spend USD 10 billion for asset acquisitions
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.
Poll reveals 31% of investors say fines against banks not enough to change bad behavior
Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the lenders, the Bloomberg Global Poll revealed.
Private equity firms fuel consolidation of IT services and BPO in India
In a report, the Business Standard said private equity firms are a significant contribution to the consolidation of IT services and BPO sector in India. There were five private equity transactions closed this year that totaled USD1.13 billion in value.
Latest News
US-based pharmaceutical company Moderna Therapeutics announced its completion of a new funding round worth USD110 million for the development of its messenger ribonucleic (RNA) Therapeutics.
Incoming New York comptroller Scott Stringer will be faced with the challenge of bringing down the management fees paid by the city's five pension funds when he assumes office in January, a Bloomberg report said.
Vena Resources Inc agreed to sell its 50% stake in Minergia SAC, the company's joint venture with Cameco Global Exploration Ltd, to Azincourt Uranium Inc.
Mobile ad retargeting startup TapCommerce's USD 10 million funding was raised via an investing round led by Bain Capital Ventures and RRE Ventures, with a strategic investment from Nielsen Ventures and participation from existing backers.
Williams Partners LP has secured an approval from the Federal Energy Regulation Commission (FERC) for its USD300 million Transco pipeline expansion, which is part of Transco's USD2.2 billion expansion program.
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
Xenex Disinfection Services, the company that launched robotic technology for disinfection of hospital rooms, has secured USD11.3 million in funding boost from private sources and venture capital firms.
A survey done by Worthworm showed the frustrations of angel investors who regretted making investments in 2013. Angel investors also gave their thoughts about overly optimistic financial projections.
Slouchy zip hoodie maker American Giant collected USD3.6 million in a recent USD2.5 million funding round, raising over USD1 million than what the company expected.
