Avis Budget Group Inc. bought Payless Car Rental for US$50 million in cash to increase its yearly generated income.
Investors
Heathrow airport to be taken down, replaced with residential housing units
The London mayor has pushed aside sentimentality for the Heathrow airport to create a new borough. London Mayor Boris Johnson is chucking sentimentality out the window when he announced the plan to transfer the historic Heathrow airport.
New partners to finance massive housing project in China
China gets US $44.4 million funding for a housing project. Century Bridge Capital entered into a joint venture agreement with Coastal Greenland Limited after investing US $44.
New credit access seen to boost LED investments for Revolution Lighting clients
Aston Capital forms financing to help consumers invest in LED projects. A private equity firm will provide financing solutions for Revolution Lighting Technologies customers who want to switch to LED lighting but lack the money to do so.
Investment solutions giant Deutsche Asset announces new team leader for Americas
Caroline Kitidis, who used to work for Goldman Sachs, joins Deutsche Asset & Wealth Management. Deutsche Asset & Wealth Management today welcomed into the team Caroline Kitidis, formerly head of Americas Structured Solutions Group of Private Wealth Management.
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Mark43, founded by three students from Harvard, gets financial backing amounting to US $1.95 million.
The real-time insights provider seals a US $15 million funding after the close of a series D financing from two private equity firms.
Three countries pledged support for Egypt's dying economy. Three countries still believe in the conflicted country of Egypt. These nations - the Kingdom of Saudi Arabia, Kuwait, and the United Arab Emirates, expressed their support towards the Egypt saying that the North African country is "too big to fail.
Abbott Laboratories would purchase Idev Technologies and OptiMedica Corp. for around US$560 million as it expands its device offerings.
The Royalty Exchange was able to secure series A capital funding from Grotech Ventures worth US$2.1 million.
Tencent and other Internet company in China led the highest close of the telecommunication industry in Hang Seng index since 2004
The South African investment company bought 75% of Egoli Gas through a deal completed in April. South African investment company Reatile Group completed in April a deal to purchase 75% of Egoli Gas Ltd.
Nautic Partners LLC said that it partnered with the management of Applied Consultants Inc to purchase Applied Consultants, Inc.
Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC. Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC.
