Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.
Sectors
UK to launch Royal Mail IPO, to float next month
The UK government announced to float Royal Mail, a 360 year old postal service company, next month and launch initial public offering by October.
Barclays Bank Kenya finances Marriot Drilling's rig
Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.
Taulia expands to Europe, raises new funding
Taulia raised USD18 million in Series C funding led by Germany's Klaus Hommels among others. In a bid to expand to Europe and develop products and personnel, the company had raise USD18 million in Series C funding.
Taulia Inc scores USD 18 million in Series C funds
Taulia Inc scored a total of USD 18 million for its Series C round led by Lakestar. San Franciso, California-based Taulia Inc bagged USD 18 million for its Series C round.
Latest News
Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.
Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.
Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.
Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.
Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.
The Iraqi oil minister said ExxonMobil would sell portions of its stakes to PetroChina and Pertamina.
Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.
China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.
Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.
