Volometrix Concludes Series A Financing totalling US$3.3 million with US$1.6 million coming from Shasta Ventures.
Regions
Intel Capital Led US$12 Million Funding Round for Gengo
Intel Capital leads US$12 million fund round for Gengo, the translation company. Gengo announced today that its recent funding round closed US$12 million additional funding.
Cathay Fortune Offers Cash Bid with Conditions
Cathay Fortune offered cash bid with the condition that equity fundraising efforts be halted. Cathay Fortune Corp has proposed a new bid for Discovery Metals on the condition that Discovery stops its plans to raise funds through equity sales.
Deutsche Bank and Mainfirst to Hold Private Placement Sale of Evonik Shares
Deutsche Bank and Mainfirst would conduct pre-IPO private placement sales of Evonik shares. Deutsche Bank and Mainfirst, two major investment banks are in the process of placing up to 2% of the shares in Evonik, the Germany based chemical company.
Natural Distribution Group Acquired by Argos Soditic
Argos Soditic acquires Natural Distribution for an undisclosed amount. Argos Soditic, an independent European private equity group with offices in Geneva, Paris and Milan, disclosed to the public that it acquired the National Distribution Group.
Latest News
Eniro AB share values increased significantly after it was able to renegotiate its three billion kronor deal.
Telekom Srbijia AD is not for sale as there is no policy set by the Serbian government. The state run Telekom Srbijia AD is not under any immediate plans to be sold off by the Serbian government.
IFC has forged a US$50 million credit facility for Acme Solar Energy projects. The World Bank's private sector finance arm, the International Finance Corp, has plans to loan as much as US$50 million to an Indian solar power developer in order to finance the building and operation of key power projects.
ICE's acquisition of NYSE Euronext would be reviewed by the EU competition regulator. The US$8. 2 billion purchase by Intercontinental Exchange of NYSE Euronext would be examined by European Union antitrust regulators.
Altor sells Euro Cater to consortium led by Intermediate Capital Group Plc. Altor, the private equity firm from Sweden said that it has entered into an agreement to sell its shareholdings in Euro Cater, the food services company from Denmark.
Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.
AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.
Jet Airways sells off minority shares to Etihad to a reported US$379 million. Jet Airways of India would be selling its minority shareholdings to Etihad Airways for the price of US$379 million.
In a proof of expansion, OPKO Health has acquired Prolor Biotech reportedly for US$480 million. OPKO Health Inc has announced that it would purchasing Prolor Biotech Inc, the biopharmaceutical ecompany from Israel through an all-stock deal that is estimated to be worth US$480 million.
