Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.
North America
Frontenac invests in Ohio Transmission Corp
Ohio Transmission partners with private investor Frontenac Company. Private equity firm Frontenac Company invested an undisclosed amount on Ohio Transmission Corporation, said the latter on Friday.
JP Morgan considers sale of physical commodities business
JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.
LearnVest raises U$16 mln in latest financing round
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Beleaguered Handy Hardware gets another lease on life
Handy Hardware gets help from Littlejohn & Co. as the private equity firm takes the reins of the company's acquisition and refinancing.
Latest News
Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.
Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Private Equity Headhunters now has a new Chief Technology Officer in Mr. Jaree Zafar. Mr. Jaree Zafar was appointed as the Chief Technology Officer of Private Equity Headhunters, a Texas-based firm that focuses on getting jobs for executives.
Pembina Pipeline Corp. has offered 10,000,000 cumulative redeemable rate reset class A preferred shares during a public offering, which raised US $250 million.
Oracle signed a contract with Microsoft to permit Java developers to make applications on Microsoft's servers.
Ciris Energy was able to close a total of USD 25 million from Asia Pacific Capital of Hong Kong in Series C funding.
EquaMetrics Inc. secured US $2 million in seed funding, bringing its total capital to US $4.5 million.
W.P. Carey is set to shell out US $4 billion to purchase Corporate Property Associates 16 - Global Inc.
JOOR, an online fashion marketplace, secured US $15 million in a series B funding led by Canaan Partners.
