A ruling from a US court that banned the affiliates of the four biggest accounting firms may lead Chinese companies to seek an IPO in Hong Kong than in New York, Bloomberg reported.
Sectors
TigerText snags $21M in Series B funding round
TigerText, a real-time messaging provider for the enterprise, has closed its Series B round led by Shasta Ventures with $21 million. New and existing investors also participated in the financing.
Olympus Partners and Goldman Sachs purchase event technology and audiovisual firm PSAV for undisclosed amount
Leading event technology and audiovisual firm PSAV has been acquired by private equity firms Olympus Partners and Goldman Sachs. Financial details of the deal were not provided.
Hutton Collins inks deal to invest €50M healthcare IT systems firm Dedalus Group
Hutton Collins, a provider of preferred capital, will be investing €50 million in the form of a subordinated loan and minority equity interest in Dedalus Group, a healthcare IT systems company based in Italy.
Sri Lanka's private equity industry interested in fast-growing small and mid-sized firms- report
According to a private equity official, the private equity industry in Sri Lanka is interested in backing small and mid-sized firms that have a winning business model and a plan for growth, the Lanka Business Online reported.
Latest News
Leicester, England-based legal franchise QualitySolicitors secured a multi-million-pound investment from its majority shareholder, Palamon Capital Partners, to drive its expansion plans in the UK for 2014.
PricePanda, a price comparison website, was able to get new funds from German retailer Tengelmann Group worth $3 million to expand the site to other South Asian markets, TechCrunch reported.
London-based hedge fund Hengistbury Investment Partners took a 5.2% interest in events and publishing company UBM as the latter continues its search for a new chief executive.
Ezra Klein, the political writer known for his explainer approach to policy topics, has left The Washington Post to start his own news site with The Verge, TechCrunch reported.
Karl Slym, managing director of India-based automotive firm Tata Motors Ltd, was found dead after falling from the 22nd floor of the Shangri-La hotel in Thailand in what police suspect as a suicide case.
Despite the limitations experienced by the Bitcoin and other crypto-currencies, HP security and payments expert Slava Gomzin sees the digital currencies making its way to more brick-and-mortar stores.
UK-based telecommunications firm Vodafone Group Plc is in talks to purchase Spain-based cable operator Grupo Corporativo ONO SA, according to unnamed sources cited by Bloomberg.
Salzburg, Austria-based automotive retail software provider Incadea PLC raised around £11.5 million (€14 million) through issuance of ordinary shares to partially fund the acquisition of Germany-based firm RC Real Business Solutions GmbH (RCRBS).
Computer and computer-related products retailer TigerDirect has partnered with BitPay to accept Bitcoin as a form of payment for online purchases, a Tom's Hardware report said.
