Arsenal Capital Partners, a private equity firm based in New York, has acquired Midland, Texas-based oilfield chemicals provider Kel-Tech Inc for an undisclosed amount, a statement about the funding said.
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Moody's warns activist hedge funds make corporate bond ownership riskier
With activist hedge funds increasing their campaigns, credit rating agency Moody's cautioned that their increasing power has just added more risk to owning corporate bonds, the Financial Times reported.
Principal Global Investors plans to purchase emerging markets- and real estate-focused boutique asset management firms
Jim McCaughan, the Chief Executive Officer of Principal Global Investors, told Reuters in an interview that his company is seeking to buy boutique asset managers.
The Intercept editor says National Security Agency distrustful of anyone using encryption
Those who use encryption tools are viewed with suspicion by the National Security Agency and users can be targeted by the agency because of it, says "The Intercept" Editor Glenn Greenwald, VentureBeat reported.
Big Fish Games to accept Bitcoin to pay for games
Big Fish Games is collaborating with Coinbase so that it can accept Bitcoin as a form of payment for games and virtual goods in its gaming platform, VentureBeat reported.
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Bacterin International Holdings Inc has secured $4 million more in funding from OrbiMed and will be issuing 1.5 million shares of common stock to the investment firm as part of the deal, a statement about the funding said.
CloudBilt, Resident Research and SalesReach Software obtained a combined $1 million growth financing from Lighter Capital, a provider of revenue-based financing, a statement about the funding said.
Pineridge Bakery is being sold by its private equity owner Swander Pace Capital to Swiss food firm ARYZTA AG for $340 million, a statement about the deal said.
Svelte Medical Sytems, a maker of balloon expandable stents based in New Providence, New Jersey, has obtained a $5 million equity investment from the Gary and Mary West Health Investment Fund.
An unnamed Washington, DC-based angel investment group supported Ohio-based mobile health application service provider iRxReminder with a $250,000 investment for its seed round, a statement about the financing said.
UK Prime Minister David Cameron has committed more funds to finance research in the field of Internet of things and a grant for startups focused on the space, VentureBeat reported.
It could take the French competition authority nine months to evaluate the possible takeover of Vivendi's SFR by Bouygues or Numericable for antitrust issues, Reuters reported.
LA Fitness Group will be selling 33 of its 80 gyms in the UK and Ireland as part of debt-reduction strategy. It had also signed company voluntary arrangements to help reduce its rent, Bloomberg reported.
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
