Protective Life Corp (PLN) is set to acquire Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its life insurance policies portfolio.
North America
Sinclair Acquires Fisher Communications
Sinclair offers US $41 per share for Fisher Communications. Sinclair Broadcast Group Inc. has announced its intention to purchase Fisher Communications for the price of US $373 million in order to expand its operations in the United States.
Investors’ Rush into Stocks propels stock rally
Investors continue to rush into U.S. stocks, pouring in more than $60 billion into mutual funds and ETFs.
First Solar Purchases TeraSun
First Solar acquires TeraSun for an undisclosed amount. First Solar will be undertaking a new path in the silicon solar panel business with the acquisition of TetraSun, a start up based out of the Silicon Valley.
Hub International Up for Sale
Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
Latest News
Private equity firm Serent Capital has invested in Optimal Blue, a leading mortgage technology provider.
Three big venture firms may team up to provide funding for startups working with Google Glass, the hybrid eyeglasses and smartphone developed by Google.
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
Led by Norwest Venture Partners, iRhythm Technologies latest funding round was able to raise US$16 million.
HG Data's new President is Tim Baskerville. In a press release, HG Data Company announced the appointment of Tim Baskerville as President. Since 2011, Baskerville had been on the Board of Directors of HG Data.
Agbiome LLC will use the raised funds from its Series A financing to finance its R&D and marketing activities.
Private equity form LDC sells kidsunlimited to Bright Horizons Family Solutions. A leading global provider of child care sponsored by employers has purchased kidsunlimited for the amount of GBP 45 million.
Cydan, through private equity placements, has unveiled its program of de-risking of drugs for therapeutic and commercial issues.
Serent Capital agrees to invest in Optimal Blue. Serent Capital has invested in leading mortgage technology provider, Optimal Blue. Serent Capital is a leading San Francisco-based private equity firm that focuses on investing with high growth and profitable companies.
