Test prep industry leader Kaplan acquires Grockit's learning platform and assets. International test prep service provider Kaplan announced earlier that it has purchased the social learning platform and test prep assets of Grockit for an undisclosed amount.

The Abraaj Group exits its HFC Bank investment after signing an agreement with Republic Bank Limited.

synlab acquires Medicap Holdings from Baltcap but financial details of the transaction were not revealed.

Hansen Medical secured US $98 million funding from both new and old investors. The proceeds will be used for product development.

Dropcam gets additional US $30 million funding, raising its total capital to US $47.8 million Dropcam announced on Wednesday that it managed to raise US $30 million in third round funding, led by investor Institutional Venture Partners.

Alleghany Corp augmented its investment in Ares Management by putting in an additional US $250 million equity.

NEC threw the towel in its bid for gaining from the smartphone industry. NEC, a little known smartphone manufacturer, announced today that it is bowing out of the smartphone competition.

Wild Craze secured a US $2 million loan from TCA Global, which it intends to use for expansion. Wild Craze Inc. gets a business boost after TCA Global Credit Master Fund agreed to extend a US $2 million senior secured loan to the company, with an initial draw down of US $300,000.

John's Incredible Pizza gets US $17.4 million investment from Praesidian Capital. John's Incredible Pizza secured US $17. 4 million, representing first lien debt, from Praesidian Capital, one of the market leaders in debt capital options for small & medium businesses and mid-sized organizations.

Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.