The financial industry is close to overtaking the tech industry according to the latest quarter reports, analysts said.
Sectors
Prima Reinsurance Plc plans funding expansion through initial public offering
Prima Reinsurance Plc planned to get around USD4 million through an initial public offering to be listed on the Lusaka Stock Exchange.
Lazy Dog secures investment from Brentwood Associates
Lazy Dog Restaurant & Bar becomes the newest recipient of Brentwood Associates’ investment but financial details of the deal were not revealed.
Comvest Partners and City Loan ink deal for US $30 mln credit line
City Loan, a Larsen MacColl’s portfolio company, secures a loan facility worth US $30 million from Comvest Partners.
Bets on gold increase from hedge funds, Goldman looks at decline
Many hedge funds raised their bets on the increase of gold prices, yet Goldman Sachs Group expected a reverse on the gold rally to occur.
Latest News
The CIT Group loaned from Odyssey Investment Partners an undisclosed amount to support the former's acquisition of Cross Country Pipeline Supply Co.
Startup ReelGenie closed USD 850,000 in seed funding. Maryland-based startup ReelGenie secured seed funds amounting to USD 850,000. The round was led by CNF Investments, the Maryland Venture Fund, Wharton School faculty members, and angel investors.
Today, Independence Realty Trust Inc has announced commencing a public offering of its 4,000,000 shares of common stock listed on the New York Stock Exchange.
Rockwood Holdings Inc. sells its Clay-Based Additives to ALTANA for US $635 million. Rockwood Holdings Inc. agreed to part with its Clay-Based Additives operations in favor of the ALTANA Group for US $635 million.
Washington's Papa Murphy is in the process of selecting banks to lead the company's initial public offering set later this year.
Hudson's Bay Co said last Monday that they would acquire Saks Inc. for US$16 per share piece in cash including debt.
California-based GridGain Systems gets US $10 million in series B funding from Almaz Capital. GridGain Systems acquired US $10 million from a series B venture funding led by global venture capital firm Almaz Capital.
Lenovo PCs proved to be risky for intelligence and security networks across the world, reports said.
Marlin Equity Partners infused SigmaCare with fresh equity funding. Marlin Equity Partners recently backed SigmaCare with fresh equity funding. No financial details were disclosed, but SigmaCare CEO Steve Pacicco said the funds will be used for expansion.
