PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
Deals
Calgary-based WiMacTel acquires Canada Payphone Corporation assets to give alternative payphone service in Canada
Some assets of Canada Payphone Corporation were bought by WiMacTel, a Calgary-based telecommunications firm, that will also launch an alternative payphone service in Canada after the acquisition.
Audo invests in Paris bio gasoline startup
Germany-based car maker Audi is investing in Paris, France-based bio gasoline startup Global Bioenergies, which makes cheap gasoline from sugar, as part of an effort to decrease greenhouse gas emissions amid stricter regulations.
Actavis exits stake in China joint venture to Chiral
Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
AT&T Inc tells UK authorities it won't make a bid for Vodafone
AT&T Inc said it will no longer have any plans to make an offer for Vodafone Group Plc, preventing it from making a takeover bid in the next six months, Bloomberg reported.
Latest News
AMCS Group secured an equity investment of €23.5 million in a round led by Highland Capital Partners Europe. AMCS Group is a company that gives software and solutions to firms in the recycling and waste management industry.
Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.
Search giant Google will be purchasing London-based artificial intelligence startup DeepMind founded by Demis Hassabis, Jaan Tallin and Shane Legg, according to news website Re/code.
Chairman Jifan Gao of Trina Solar Ltd said that there will be an acceleration in the rate of consolidations in the solar manufacturing industry in the next three years, Bloomberg reported.
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
The Federal Trade Commission scored a victory today after a federal judge ruled that the merger of a hospital chain and a doctor group must be undone because it violated antitrust laws, Bloomberg reported.
New York-based television agency Peleton Entertainment bought Todd Berger's consulting firm Creative Media for an undisclosed amount to expand into animation, branded entertainment, and feature film.
Blue Ash, Ohio-based private equity real estate firm Viking Partners sold Indiana-based shopping center Fishers Crossing to a California-based investor in a deal valued at $4.1 million.
New York, US-based real estate services and investment firm Kennedy-Wilson Holdings Inc purchased Victory Plaza retail center and its neighboring 2.4-acre land in Los Angeles, California for a total of $30 million in debt.
