Lloyds sells of bad property loans to Cerberus Global amounting to GBP325 million. The Lloyds Banking Group has sold off a portfolio of bad property loans to American private equity firm Cerberus Global Investments for the amount of GBP325 million or US$504 million.
Regions
Geldof's 8 Miles Fund backs eleni LLC
eleni LLC would build African commodity exchanges with the help of Sir Bob Geldof's 8 Miles Fund.
Dell Responds to Offer Of Icahn and Southeastern
Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
uParts Signs US$2M Financing from GRP and Fraser
uParts signs a US$2 million financing deal from GRP and Fraser uParts, Inc disclosed the conclusion of its Series A investment round, headed by GRP Partners and Fraser McCombs Capital plus the participation of other prominent personalities in the automotive industry.
DNA Owners Seek US$1.3B for Bids
DNA seeks an estimated US$1.3 billion as an acceptable bid for its company. According to a report from Reuters, the Finland-based mobile phone operator, DNA, together with its financial consultants UBS opened the sale of the company that may value estimated above EUR1 billion or US$1.
Latest News
TPG Capital sells off shares in Shiram Transport to Piramal Group. TPG Capital, the renowned private equity group from the US, has raised nearly US$300 million through the sale of 10% of its shareholdings in Shiram Transport Finance Co Ltd.
Piramal has the option to sell off its shareholdings in Vodafone India either through an IPO or a first offer to the telecommunications company.
Discussions with investors for Sunday People have bogged down without any final agreement. Talks with investors to purchase Sunday People from Trinity Mirror ended, thus shelving plans to make the British tabloid into a new look newspaper.
Greece's Marfin Investment Group is set to raise funds through a convertible bond issue in two tranches.
Boot Barn purchases costumes and work wear. The favorite retailer of western and workwear has finalized an agreement to purchase the stores of Baskins.
Paladin and Ascent contributes to PerspecSys. PerspecSys Inc, one of the foremost cloud data protection solution providers, has announced it has raised US$12 million in funding.
Caplinked raised US$3.7 Million for the series A capital round. CapLinked, the platform utilizing cloud based technology that allows business transactions to be done simply and securely, has announced that additional investors have been included in the latest results of its Series A financing round.
Spectrum invests in Extreme Reach for US$50 million. In an announcement today by Extreme Reach, it disclosed the significant venture the company is undertaking with Spectrum Equity.
Warburg Pincus to sell of shareholdings in Webster Financials. Webster Financial Corporation, the holdings firm for Webster Bank NA, had announced the pricing for the underwritten secondary offering by Warburg Pincus Private Equity X LP of a total volume of 8,744,850 shares.
