Warburg Pincus to sell of shareholdings in Webster Financials. Webster Financial Corporation, the holdings firm for Webster Bank NA, had announced the pricing for the underwritten secondary offering by Warburg Pincus Private Equity X LP of a total volume of 8,744,850 shares.
Investors
Investors Back Away from Sunday People
Discussions with investors for Sunday People have bogged down without any final agreement. Talks with investors to purchase Sunday People from Trinity Mirror ended, thus shelving plans to make the British tabloid into a new look newspaper.
Marfin Investment Group Issues Bond
Greece's Marfin Investment Group is set to raise funds through a convertible bond issue in two tranches.
Baskins to be acquired by Boot Barn
Boot Barn purchases costumes and work wear. The favorite retailer of western and workwear has finalized an agreement to purchase the stores of Baskins.
Paladin and Ascent Contribute to PerspecSys
Paladin and Ascent contributes to PerspecSys. PerspecSys Inc, one of the foremost cloud data protection solution providers, has announced it has raised US$12 million in funding.
Latest News
AvantCredit gets loan infusion from Victory Capital. The asset executive firm, Victory Park Capital, disclosed that it granted AvantCredit a US$25 million credit facility.
Klockner Penteplast's recapitalization has been completed. The Strategic Value Partners, LLC made public today that the Klockner Pentaplast's holding company, which was purchased in June 2012 through recapitalization by assembly of investors headed by SVP Global, has concluded a refinancing transaction.
FNA Group finances boosted by refinancing from Bank of America. Livingstone, a renowned and independent global investment banking firm was pleased to announce the completion of negotiations on the refinancing by Bank of America of the FNA Group, Inc.
CTI Foods is now owned by the consortium of Thomas H. Lee Partners LLC and an affiliate of Goldman Sachs.
Partnership between Box and GoodData expanded with supporting capital funding. Partners Box and GoodData launched today the GoodBox Bash. The partners recent project is a cloud based application that allows their client to view, analyze and process business information.
Facebook in the process of acquiring Israel's Waze for US$1 billion. According to business newspaper, Calcalist, the largest social networking site, Facebook, was reported on Thursday to be in early discussion with Israeli's renowned mobile satellite navigation application, Waze.
ENI sells off shares in Snam. ENI, the Italian oil conglomerate, is in the process of divesting its shareholdings over its gas transportation company Snam last Thursday.
David Einhorn of Greenlight Capital and Jeffrey Gundlach of DoubleLine Capital have called out Chipotle.
In an effort to improve South Africa's power situation, Eskom SOC would be issuing debt instruments to fund the building of two of the world's largest coal fired plants.
