Sectors

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.

Latest News

HTC was considered as the "biggest victim" by an industry analysis from Citi. It is close to impossible for HTC to perform a comeback after losing horribly in the global smartphone race, according to analysts in the industry.

BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.

A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.

According to research, almost 64% of Australians owned a smartphone. According to new research on the Australian smartphone market, almost two thirds of the entire population of the continent owned a smartphone.

IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.

Merz Pharma acquires Neocutis in an effort to boost its presence in the field of both medical and cosmetics.

White Deer Energy bought J-W Measurement Company for an undisclosed amount. White Deer Energy L. P. II, its affiliates and J-W Measurement Company's senior management team, bought J-W Measurement Company for an undisclosed amount.

Spotify's revenues in 2012 grew more than twice as much after expansion. Spotify's revenues in 2013 more than doubled to Eur435 million or US$577 million from last year.

Private equity firms Columbia Capital and Rho Ventures purchase minority stakes in sports content producer Mandalay Sports Media.

Apigee secured an equity funding worth US $35 million, which will be used to expand its presence globally.