Quicksilver Resources withdraws its IPO because of weak natural gas liquid prices. In a bittersweet move, Quicksilver Resources has withdrawn its IPO plans because of weak natural gas liquid prices.
Sectors
Pier House Resort and Spa bought by Ashford Hospitality
Ashford Hospitality purchases the Pier House Resort for US$90 million cash. The Ashford Hospitality Trust, Inc. announced today that it has already inked a final contract to purchase the Pier House Resort and Caribbean Spa in Key West, Florida that has 142 rooms for an estimated amount of US$90 million cash.
Darby's DLAMF II Fund Invests in Alta Rail Technologies
Darby's DLAMF II invests US$15 million in Alta Rail Technology. Darby Private Equity, the equity unit of Franklin Templeton Investments, had announced that it has completed an investment wortth US$15 million in Alta Rail Technology.
MaRS Welcomes Salim Teja
MaRS welcomes Salim Teja as ICE Sector Program Managing Director. In an announcement from the MaRS Discovery District, it was happy to disclose the appointment Salim Teja as the ICE Sector Program's Managing Director.
Granite Partners' Investment in SIM Digital Allows Acquisition of PS Production
Granite Partners invests in SIM Digital which in turn uses the investment to purchase PS Production.
Latest News
Octopus leads funding round for TrialReach totalling GBP2 million. In an announcement today by Octopus, it disclosed that it headed the growth finances round of TrialReach by GBP2 million.
Additional financing was obtained by FoodPanda for its delivery services. The Berlin based online food delivery business, Foodpanda, was able to obtain a US$20 million additional funding as reported by Reuters.
Canopus and Transentia joined by Alacrita to form a new company. The consulting firm on transatlantic life science, Alacrita combined the expertise of two consulting firms on life science performance and named Dr.
SMBC formalizes acquisition of 40% of BTPN. Sumitomo Mitsui Banking Corp has agreed to acquire nearly 40% of BTPN the Indonesian financial institution.
Takeda purchases Inviragen for a total of US$250 million. In a joint statement of Inviragen, Inc and Takeda Pharmaceutical Company Limited, it disclosed that Takeda's fully owned company,Takeda America Holdings, Inc, have entered into a final acquisition agreement.
ING is now divesting assets and undertaking cost cutting measures in order to comply with bailout requirements.
More and more hedge funds are infusing money into cash strapped municipal governments. In the last twenty years, specialized private equity firms have lorded corporate bankruptcies, being called 'vultures' and at the same time infusing capital for these distressed companies.
Dangote to build refinery with funds Africa's wealthiest man, Aliko Dangote, announced that he has negotiated loans amounting to US$4. 25 billion to fund the construction of a refinery to help the African continent's biggest crude oil producer be weaned from gasoline imports.
Katara Hospitality is set to acquire an unnamed hotel in London. Katara Hospitality of Qatar is nearing the completion of the acquisition of its first hotel property in London.
