LDC Finance to pay back US$4.9 million to secured investors

Secured investors of failed New Zealand-based company LDC Finance will be getting their money back plus interest following the settlement reached with Finance & Investments Partnership.


Dell’s founder says LBO vote method is unfair

Michael Dell said yesterday that there will be no more increase in the buyout offer he and Silver Lake has for Dell Inc.

Chinese mining firm China Molybdenum acquires Rio Tinto asset for $820 mln

China Molybdenum acquired Rio Tinto’s stake in a New South Wales mining project for US $820 million.

SeekCapital backs Canadian Textbookrental startup look

SeekCapital invests in Textbookrental's seed round funding, the proceeds of which will be used for business expansion.


Latest News

TrueAbility, a Texas startup company, gets US $2 million seed capital in a financing round led by Austin Ventures together with Cloud Power Seed Fund.
Lending firm AG Finance is set to pursue an initial public offering this July 30 for PHP 2.18 per share of its common stocks.
Lincoln International extends its territory to Italy after it acquired Rondelli Advisers for an undisclosed amount.
Prima Reinsurance Plc planned to get around USD4 million through an initial public offering to be listed on the Lusaka Stock Exchange.
Lazy Dog Restaurant & Bar becomes the newest recipient of Brentwood Associates’ investment but financial details of the deal were not revealed.
City Loan, a Larsen MacColl’s portfolio company, secures a loan facility worth US $30 million from Comvest Partners.
Many hedge funds raised their bets on the increase of gold prices, yet Goldman Sachs Group expected a reverse on the gold rally to occur.
aTyr Pharma secured US $49 million equity financing from new and existing investors. California-based aTyr Pharma said it closed US $49 million in equity financing, which will be used to finance clinical trials to address rare autoimmune diseases.
Telegraph Hill Partners raised USD 310 million in capital commitments for their new fund. Telegraph Hill Partners (THP) garnered capital commitments worth USD 310 million to finance the THP III.
The financial industry is close to overtaking the tech industry according to the latest quarter reports, analysts said.