Amsterdam, Netherlands-based business services provider TMF Group acquired Jakarta, Indonesia-based payroll and HR administration services provider PT Tass Axia Solusi for an undisclosed amount to expand its client base.
Middle East
Breaking News
San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.
Chennai, India-based local language speech-based software solutions provider Uniphore Software Systems grabbed an undisclosed amount of funding from angel investors Indian Angel Network, Ray Stata, and YourNest Angel Fund for its international expansion.
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.
Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
London, UK-based engineering and support services firm Babcock International Group added Oman-based oil and gas training organization National Training Institute (NTI) for an undisclosed sum to extend the latter's training services to the UK.
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Dubai-based construction company Arabtec Holding had no plans to up its stake in interior contracting firm Depa, according to a statement made by Arabtec to Dubai's bourse.
Frankfurt, Germany-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion ($4.8 billion) for its eight buyout fund amid decreased volatility in Europe.
Washington-based international law and lobby powerhouse Patton Boggs LLP has ended merger discussions with Texas-based law company Locke Lord LLP, according to a joint statement on December 19.
New York-based innovative learning company EdTech has landed $51 million in a funding round led by London venture firm Atomico to take personalized learning on a global scale.
A 2013 Billionaire census report by Wealth-X and UBS showed an increase in the number of millionaires in the Middle East, and that amount of wealth hold by Middle Eastern billionaires topped any other region in the world.
UK-based independent private equity firm Vitruvian Partners closed USD1.6 billion (EUR1.2 billion) in a fundraising round for its second fund, the Vitruvian Investment Partnership II (VIP II).
