Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.
Investors
Fiat SpA Claims It Has Enough Funding to Purchase Remainder of Chrysler
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
Southeastern Asset Management Calls out Dell Special Committee
Southeastern Asset Management calls the evaluation of the Silver Lake-Dell leveraged buyout offer as "flawed".
Tata Steel to Sell Off UK Assets
Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.
Russian Banks Get Support over Foreign Competition
Using bailout funds, Russian state owned banks create new business for its benefit. State controlled Russian investment banks of President Vladimir Putin are bullying foreign competitors out of the market, as they are buoyed by a bailout from its Russian tycoon cartel.
Latest News
Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.
Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.
A US$3 million loan was granted by Square 1 for the expansion goals of SteadyMed. Square 1 Bank has announced it has opened a US $3 million term loan credit facility to SteadyMed Therapeutics.
First aid manufacturer Med-Tech Resource was acquired by private equity firm GC Capital. A San Francisco based private investment firm, GC Capital has announced the acquisition of majority shareholdings in Med-Tech Resource.
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Adknowledge purchases SocialWeekend Labs, the formal company name of MontiPay Inc. In an announcement, Adknowledge has acquired Montipay Inc under its name SocialWeekend Labs.
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
Bulat Utemuratov is thinking whether to purchase state owned shares in Alliance Bank and Temirbank. Bulat Utemuratov, the Kazakh billionaire tycoon is contemplating whether to purchase Alliance Bank and Temirbank from the government.
