Bessemer Venture Partners released an index of top 30 cloud companies revealing their combined worth of more than US$100 billion.
Corporations
Lu'an Capital & Energy Investment Inc acquires additional shares in Sona Resources Corp
Lu'an Capital & Energy Investment Inc finalized the acquisition of additional shares in Sona Resources Corp
William Franke to resign as chairman of Spirit Airlines
William Franke stated that he will be stepping down from his position as chairman of Spirit Airlines as Indigo Partners LLC divest their stake in the company.
Penda Corp acquires The Fabri-From Co.
Private equity firm owned Penda Corp. announced that it had acquired The Fabri-Form Co. expanding it reach in the heavy truck and material handling markets.
Hunt Realty Investments and Bridge Development Partners receive US$26 million for their expansion plans
The joint venture between Hunt Realty Investments and Bridge Development Partners revealed that they have received US$26 million from Mesa West Capital to fund their acquisition of 26th & Western in Chicago.
Latest News
According to a Boston Business Journal research, for the year 2012, North Bridge Venture Partners topped the class in terms of dollars invested.
Execution Labs revealed that it will be working with BDC Venture Capital to award successful companies convertible notes worth US$150,000.
Beijing Enterprises Holdings announced that they are set to acquire a 22.01% stake claim in China Gas Holdings Limited from their parent company, Beijing Enterprises Group Company Limited.
Teck Resources Ltd was tagged as one of the remaining interested companies set to acquire the Rio Tinto Group's 59% stake claim in Iron Ore Co.
Foundation had filed its official IPO documents with the Securities and Exchange Commission as it plans to raise US$86.25 million in equity funding.
The New South Wales state government announced that bidders for Macquarie Generation will have until August 19 to file expressions of interest.
CCPIB said that they are set to acquire a 27.6% stake in Aliansce Shopping Center SA. The Canada Pension Plan Investment Board announced that they have agreed to acquire a 27.
Alexander Forbes stated in its latest annual report that it is mulling further expansion in African countries.
Global Analytics Holding announced that they have gathered an additional US$30 million in debt financing from Crystal Financial LLC.
