Italian investment company Azimut inked a joint venture partnership for Brazil with Legan Administracao de Recursos.
Sectors
Rothesay Life shareholdings purchased by institutional investors
Rothesay Life Insurance, the British insurance operations of Goldman Sachs Group, had agreed to sell 30% shareholdings to GIC and Blackstone.
NTT DoCoMo may start selling iPhones in autumn- sources
Sources said NTT DoCoMo would finally start offering Apple's iPhones to its Japanese subscribers.
KKR get preferential negotiating rights for Panasonic stake- sources
Sources told Reuters that KKR would be favored by Panasonic to acquire a majority stake in its healthcare business.
Changes mandated by Italian regulators imposed on Banca Carige
Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.
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An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
The Vaca Muerta oil field is set to be offered for bids by the regional authority of Patagonia, Argentina.
FNB Capital Partners would focus on investing in mezzanine debt, private equity, subordinated notes and other financial instruments.
Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.
Mercato Partners with other institutional investors provided USD30 million for an oversubscribed Series B financing round for Ingram Medical.
StartX had partnered with Stanford University and Stanford Hospitals and Clinics for a grant accelerator fund for Stanford affilated entrepreneurs.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
