Portugal bond sale met with high demand as For the first time since the bailout of 2011, Portugal sold ten year bonds. This is a clear manifestation as to the untiring efforts to restore investor confidence in the recovering economy of the country through the hard fought implementation of austerity policies.
Sectors
US$8 Million Financial Infusion for Kinetic
Kinetic Social receives US$8 million capital infusion from investors as well as a loan facility. The company that provides social media advertising, Kinetic Social, announced that it was able to raise US$8 million at the first closure of its Series A financing round.
Greenlight Increases Apple Investment
David Einhorn's Greenlight Capital has increased its shareholdings in Apple Inc. Greenlight Capital, David Einhorn's investment firm, has increased its investment position in Apple Inc.
Blue Back Square Development Purchased by an Affiliate of Starwood Capital
Starwood Capital subsidiary purchases Blue Back Square Development for an undisclosed amount. Starwood Capital and Starwood Retail announced today that an associate acquired Blue Back Square.
Danone Purchases Sirma Water
Danone expands business in Turkey's bottled water market with the purchase of Sirma. The owner of the Evian water brand, Danone, has acquired a 50.
Latest News
Medifox Group to grow with ECM Equity at the helm. On Tuesday, German Equity Partners IV, a fund administered by the independent German private equity firm, ECM Equity Capital Management GmbH has purchased MediFox Group.
Sainsbury to acquire Sainsbury Bank in full from Lloyds Banking Group. The third largest supermarket retailer in Britain, J Sainsbury is in deep discussion woth Lloyds Banking Group as to the acquisition of full ownership of the Sainsbury Bank joint venture.
Solvay forms a JV with peer INEOS as preparation for its exit from the business. Solvay, the plastic and chemicals manufacturer from Belgium is seeking an exit from its European PVC business through the formation of a jount venture with INEOS.
Betfair puffs up to block CVC Capital's takeover bid. On Tuesday, the online gambling company Betfair increased its profit forecast which included the company's target on cost savings.
Euroling has been purchased by EPiServer for the enhancement of its search engine SiteSeeker. EPiServer disclosed its purchase of Euroling, the Sweden based search provider.
Kopetz recapitalized through LMW2 capital infusion. Sikich Investment Banking disclosed its recently concluded deal, the recapitalization of Kopetz Manufacturing, Inc by LMW2 Partners, a private equity firm.
PT Electronic City Indonesia or ECI is planning to raise US$150 million through an IPO. One of the largest electronics retailers in Indonesia, PT Electronic City Indonesia (ECI) is now planning to raise nearly US$150 million through an initial public offer on June 2013.
Masayoshi Son, Softbank's founder and president is set to travel to the US to meet with major Sprint-Nextel shareholders.
Alcorn Gold would be known as Cosco Capital when its IPO pushes through. Cosco Capital is planning to make a share offer worth at least US$500 million in order to improve its liquidity and free float as it comes out of a recent conglomerate restructuring program.
