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.
Investors
Warburg Pincus Shares in Webster Financials to be offered publicly
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.
US$25M Loan for AvantCredit from Victory Park Capital
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.
Recapitalization of Klockner Pentaplast Is Complete
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.
The FNA Group to be Refinanced by Bank of America
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.
Latest News
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.
Ouya console gaming gets a boost with US$15 million from venture capitalists. The maker of a US$99 video game console that utilizes Google Inc's Android operating system, Ouya Inc has raised US$15 million in venture capitalist funding in expanding its operations.
Oaktree is in discussion with the merger of its real estate unit with Prime Office, its competitor. Reuters reported that private equity investor, Oaktree Capital, is in discussion to merge the real estate unit of its German office with its competitor Prime Office.
Investec's Asset Management Team led by Hendrik du Toit is seeking to increase its shareholdings in the company.
Slovenske Eletarne AS is in discussion with lenders as to renegotiation of a deal finalized back in 2007.
Telecom Italia still is in the process of determining the pursuit of the fixed line spinoff plan. Franco Bernabe, Chairman of Telecom Italia announced Thursday that the spin off of the company's fixed line network would take time in its implementation.
Mediobanca on its own is performing well but is now burdened by the bad deals from insurer Generali.
