Finland's pension fund and largest private investor Varma said it would be increasing its equities investments for the second quarter of 2013.
Investors
EQT backs growth of Swiss Smile
Private equity company EQT invested CHF 44 million in Swiss Smile. Nordic private equity firm EQT announced that it has backed Swiss dental chain Swiss Smile with a CHF 44 million investment.
MannKind says Afrezza effective in late-stage trials
MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
BC Partners schedules Foxtons IPO for August: sources
Sources said that BC Partners Ltd would be holding its IPO a month earlier than originally planned. Sources told Financial News private equity company BC Partners Ltd (formerly Baring Capital Investors Ltd) was preparing its initial public offering (IPO) for its Foxtons Ltd shares this August.
Barclays director-less on GBP6bn cash call
Barclays Finance Director Chris Lucas left his post due to health reasons as the multinational bank preps for their GBP6 billion cash call.
Latest News
Baidu Inc said it would be purchasing 91 Wireless, an app store, for USD 1.85 billion. Baidu Inc announced that it had agreed to buy Netdragon Websoft Inc's app store.
Liberty Global said it would exhaust all legal avenues to fight a recent decision issued by a German court nullifying its purchase of a cable firm
An independent foundation of KPN questioned billionaire Carlos Slim's motive for bidding for the remaining shares of the Dutch firm that he does not already own.
Billionaire Prem Watsa could be the key to any successful Blackberry deal. As beleaguered smartphone maker Blackberry Ltd begins to contemplate a sale of its holdings, Reuters reported that the success of any deal would rest in the hands of Prem Watsa.
Millennial Media Inc is to purchase Jumptap Inc for around USD225 million in stock. Millennial Media Inc agreed to purchase Jumptap Inc for around USD225 million in stock.
Facebook announced that it would acquire Mobile Technologies, a company focused in developing voice translation software.
Generator Hostel is on acquisition spree backed by Patron Capital. The award winning urban design hostels group, Generator, had announced the acquisition of two further locations in both Paris and Rome.
Wilcon and Freedom Dark Fiber Networks merge to create Freedom Telecommunications. The premier provider of best-in-class data center and fiber optic infrastructure, Wilcon, announced the entry into an agreement to acquire Freedom Dark Fiber Networks.
Wanderu, the searching and booking start up firm, has received about US$2.45 in investment funds from established firms in the industry.
