VENTURE CAPITAL POST

San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.

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.

California, US-based cloud storage services provider Dropbox raised another $250 million in new funding two years after a previous $250-million round, further lifting the company's valuation close to $10 billion.

Chinese auto manufacturer BAIC Motor plans to raise around $2 billion in an initial public offering (IPO) in Hong Kong in 2014's second quarter, according to sources cited by Thomson Reuters publication IFR.

San Francisco, California-based customer-tracking software maker Zendesk has sought the services of Goldman Sachs to lead a potential initial public offering (IPO) set later this year.

New York, US-based institutional investor ff Venture Capital (ffVC) closed a total of $52 million for two funds, ff Rose and ff Rose Innovate, with the latter to focus on investments in New York.

Banks are growing more reliant on the growing market for equities as they get nearly half of their fourth quarter investment banking revenues from equity trading and underwriting, the Financial Times reported.

Private equity group Apax Partners is considering selling its stake in London-based foreign exchange firm Travelex in the form of a probable initial public offering (IPO), according to two sources.

California, US-based application performance management firm New Relic Inc named Square Inc Chief Financial Officer (CFO) Sarah Friar as the new member of its board on its path to a potential initial public offering (IPO).

Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.

London, UK-based private equity group Arle Capital Partners is planning either an exit or a listing of its British oil services company Expro this year, according to a report citing inside sources.

The New York Federal Reserve Bank filed a motion in a federal court in the Southern District of New York seeking a dismissal of the lawsuit filed by former employee Carmen Segarra.

Massachusetts-based BackOffice Associates has bought Farnborough, UK-based SAP Data Services consultancy firm ENTOTA for an undisclosed amount. Goldman Sachs invested $30 million in BackOffice five years ago.

Telecom Corp Ltd has offloaded its Australian AAPT unit to TPG Telecom Ltd UDS450 million to initially repay debt and focus on its operations in New Zealand.

The shares of Australia-based electronics seller Dick Smith Holdings Ltd lifted on its debut on Wednesday after securing USD315 million in its initial public offering.