MMC London Fund established for GBP11 million for specific areas of development. MMC Ventures recently lands a tender to launch the MMC London Fund. The fund is worth GBP11 million or US$16.
Investors
Shaw Communications Purchases Enmax Envision
The purchase of Enmax Envision by Shaw Communications expands fiber optic capability. Shaw Communications Inc has acquired ENMAX Envision Inc from its parent ENMAX Corporation.
GE invests cash and hardware into Buffalo Dunes Wind Farm
GE enters into a jv with Enel Green for Buffalo Dunes Wind Farm. US conglomerate General Electric Co would be providing both financial capital and technological capbility for the 250 megawatt Buffalo Dunes wnd farm located in Kansas.
EcoLab Inc and Permian Mud Service Merger Ok'd by Justice Department
The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.
Princeling Funds of China under Fire
The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.
Latest News
New investment company Doha Global Investment Company's planned public offering in May is expected to spur selling on Qatar's bourse as investors increase their liquidity for the IPO.
Goodlife Fitness centers completed US$40 million expansion of a US$125 million subordinated credit facility.
The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.
Brightstone Venture Capital raises funds for Mobile Realty Apps. Brightstone Venture Capital has been in the business of investments in the past three decades with interests in over eighty Minnesota enterprises.
Liberty Global's acquisition of Virgin Media is approved by EU. An unconditional European Union clearance was provided to John Malone's Liberty Global for the bid for Virgin Media.
The IPO shares of Blackhawk would be at US$220 million at US$22 per share. Safeway Inc. 's gift card and payment service unit, Blackhawk Network Holdings Inc has formally offered ten million Class A shares priced between US$20 and US$22 per share.
A consortium led by Bahrain Telecommunications Company (Batelco) is set to acquire Indian mobile phone company Reliance Communication's (RCom) 80 percent stake in its subsidiary for $1.1 billion.
Enaltus acquires ScarAway to expand its skincare products. Enaltus has recently acquired the properties of Mitchell-Vance Laboratories. Mitchell Vance is a portfolio firm of the HealthEdge Investment Fund LP based out of Tampa Florida.
OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. is evaluating all legal rights and remedies over the Morgans' agreements with The Yucaipa Companies.
