GTCR announced that it had approved a deal to sell portfolio firm Six3 Systems to CACI International.
Sectors
Splice scores USD 2.75 million in seed funding round
Splice was able to raise USD 2.75 million in seed capital from its latest funding round. Splice announced the close of its seed funding round with USD 2.
Private equity-backed Verisae buys Hara Software
Verisae acquired Hara Software for an undisclosed amount. Verisae announced its purchase of Hara Software. No financial terms were disclosed. However, Verisae Chief Executive Officer Jerry Dolinsky said the acquisition was highly strategic.
SFX share price drops after USD260 million IPO
Shares of SFX Entertainment Inc dropped 2.6% in early trading post-IPO. Music festival producer SFX Entertainment Inc saw its share price dropped in early trading just after raising USD260 million in its public listing.
Westpac Banking Corp frontrunner for Lloyds Banking Group assets in Australia
In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Latest News
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group John Wood Group Plc, the energy service firm together with Siemens AG, the German industrial conglomerate, have announced the formation of a joint venture entity to create a globally integrated rotational equipment service unit.
Saks Inc Stephen Sadove was appointed to the Board of Directors of JC Penney. JC Penney Co said the Chief Executive Officer of Saks Inc, Stephen Sadove, would be joining its board of directors.
Meridian Properties did not push through with its planned EUR 170 million due to adverse market conditions.
Multiple issues regarding the imposition of collectible tariffs have affected the schedule of imported coal power plants of Tata Power.
American companies had been seen doing mergers abroad most likely because of the lower taxes available in their new homes.
New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.
Under the leadership of CEO Tamim Al-Kawari, QInvest would move away from its non essential businesses to focus on buyouts and buyins for Qatari companies.
