A Permira Funds portfolio company had purchased BestInvest for an undisclosed amount. UK wealth management and online investment service firm BestInvest announced it had agreed to be acquired by a portfolio company of Permira funds.
Investors
Hong Kong Monetary Authority buys in on London's West End property development
Great Portland Estates Plc and the Hong Kong Monetary Authority share half of London West End Development.
China linked ETFs now traded in US bourses
Deutsche Bank AG, Societe Generale SA and Harvest Global Investments now have China linked ETFs available.
Poland's market rife with takeovers
The latest takeover bid was submitted by BNP Paribas SA for BGZ Bank in the Polish market that had seen mega million takeover deals in its banking industry.
Woolworths closes Nigerian stores
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria. Woolworths Holdings Ltd. , the food and clothing retailer from South Africa, announced plans for the closure of three of its stores located in Nigeria.
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French lender BNP Paribas announced its submission of a non-binding bid to purchase a 98.5% interest in Rabobank's BGZ.
Austin-based venture capital firm Silverton Partners would be using the USD75 million it raised for Fund IV to support the local startup scene in Texas.
Should Apple Inc's patent technology for its potential iWatch be successful, RBC capital markets analyst Amit Daryanani said revenue coming from the iWatch could add another USD9 billion to the tech giant's revenues.
Former Netflix executive Ariel Tseitlin joins Scale Venture Partners as its newest venture partner. Former Netflix Director of Cloud Solutions Ariel Tseitlin would become one of the newest partners at Scale Venture Partners.
Renowned names in the wine industry join forces to create sales and marketing firm BCM Wineworks for the known brands of Bacchus Capital.
In a bid to trim its portfolio, Nestle had sold to North Castle Partners its interest in weight loss brand Jenny Craig.
Joh A Benckiser owned-D.E Master Blenders planned to increase its ownership interest in Norwegian coffee producer Kaffehuset Friele to 90%.
Swiss mobile app maker Coresystems had received its first external funding since 2002. Coresystems received USD15. 5 million from investors in a recently concluded Series A funding round, TechCrunch said in a report.
Zendesk and Tokyo-based Cybozu's new partnership agreement would have both firms embarking on a joint product integration and marketing efforts to boost each other's product in Japan and the US.
