Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
Sectors
Elliott accepts three seats in Hess board ahead of elections
Elliott Management withdraws proxy fight with three board seats on the Hess board prior to elections.
Additional US$2M Raised in Seed Round for BitPay
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Accel Partners Invest US$25M in AirWatch
Accel Partners invest funds into Airwatch development. AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
Erste Group Bank Can Repay Bailout Funds Received
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Latest News
Elliott Management urges change in policies and management in NetApp. Elliott Management purchased shareholdings in NetApp Inc and true to its activist hedge fund nature, the firm is moving the company to change its board and look for ways to increase shareholder value.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
Qatar Holding LLC purchases 40% of Porto Nuovo business district to expand its European real estate holdings.
New Zealand's sale of Meridian Energy may be the largest IPO of a company in the country. State owned power company Meridian Energy's 49% would be offered to an initial public offer of its shares by the third quarter of the year.
Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
Bain Capital tops race for Yankee Candle but sale falls through. According to a report from Reuters, three people with knowledge of the matter disclosed that Bain Capital, LLC may appear to be the last survivor in the race for Yankee Candle Co, Inc.
CSC ServiceWorks created by Pamplona Capital Management. The multi-family supplier for laundry requirements, Coinmach Service Corp and North America-based source of paid air services for car tire inflation, AIR-serv Group were acquired by Pamplona Capital Management at the price of US$1.
IT-Ernity receives financing support from GMT and VSS. GMT Communications Partners and Veronis Suhler Stevenson announced that they will be teaming up with the firm's management to grant growth finances to IT-Ernity.
StepLeader raises US$4.4 million in the recently concluded capital infusion round. Based in Raleigh, North Carolina, the leading developer of mobile application for local media, StepLeader Inc, announced that it was able to raise US$4.
