VENTURE CAPITAL POST

Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.

As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.

Small business loan online marketplace Funding Circle obtained a £40M investment from the UK government to allow the company to continue providing loans to small and medium-sized businesses (SMBs) in the country.

Dublin, Ireland-based firm Top Level Domain Holdings bagged $33 million in funding from its investors to beef up its bidding power in the upcoming private auctions of new Internet domains.

Spanish banking firm Caixabank announced on Thursday that it is planning to sell down its 5% interest in stock market operator Bolsas y Mercados Españoles at €29.60 to €30.75 per share.

UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).