Mick Davis and Trevor Reid, former executives of Xstrata form X2 Partners to establish X2 Resources with the Noble Group and TPG.
Sectors
Evolent completes Series B funding round
In the latest Series B funding round for Evolent, the amount raised USD100 million. Evolent Health had announced the completion of a USD100 million Series B funding round.
Love Home Swap gets GBP1.025 million funding
The latest funding round saw Love Home Swap receives GBP1.025 million funding. Home swap holiday service Love Home Swap had announced it had raised another GBP1.
Twitch receives USD20 million capital infusion
Twitch's Series C investment round garnered USD20 million. The world's foremost video platform and community for online gamers, Twitch, recently announced a Series C USD20 million investment.
Northstar Group working on new USD1 billion fund
Buyout firm Northstar Group, with its TPG backing, had opened a fund to surpass its previous high of USD820 million.
Latest News
HelloFresh was able to raise USD 7.5 million in Series C financing. Berlin-based ecommerce food site HelloFresh secured USD 7. 5 million for its Series C round.
Trilantic Capital Partners would be purchasing Addison Group from Lake Capital Partners. Trilantic Capital Partners would be acquiring Addison Group from Lake Capital Partners for an undisclosed amount.
CNH Industrial started trading on the New York Stock Exchange on Monday at USD12.75 per share piece, said a Reuters report.
Investment company PointB sold its shares of Loft9. Seattle-based management consulting and private equity company Point B said it had exited from Loft9.
San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
Clinton Group had increased its stake in Nutrisystem Inc. by 5.2%, according to a filing on Monday. Activist hedge fund Clinton Group had increased its stake in Nutrisystem Inc.
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
Deutsche Wohnen investors approved a share plan for the purchase of GSW stock. The shareholders of Deutsche Wohnen gave its stamp of approval to the share plan for the purchase of GSW Immobilien.
Sovereign wealth funds put their bets on alternative assets to enhance returns. A survey by investment management services firm Invesco Ltd revealed that sovereign wealth funds were putting money in alternative assets to improve their returns.
