UK-based investment fund Pearson Affordable Learning Fund has backed Delhi-based education startup Avanti Learning Centres to develop a system that will help students from low-income families prepare for college entrance tests.
Deals
Greenland Hong Kong acquires Shanghai real estate for mixed-use development
A South China Morning Post report said Greenland Hong Kong Holdings Ltd, the real estate arm of China's state-owned Greenland Group, bought a site in Huangpu, Shanghai for CNY5.95 billion or HK$7.59 billion.
UBS to enter Australian property market through joint venture with local developer
Switzerland's biggest bank, UBS AG, will be entering the property market in Australia through a joint venture with local developer Grocon Pty, a Bloomberg report said.
Hellman & Friedman, JMI Equity mull over Kronos sale
Private equity firms Hellman & Friedman LLC and JMI Equity are reportedly looking to sell workforce management software company Kronos Inc. The two investment firms privatized Kronos in 2007 for $1.8 billion.
Freedom Group to raise $175 million from Wall Street lenders
American firearms maker Freedom Group plans to raise $175 million from Wall Street financial institutions, according to a Reuters report. Cerberus Capital Management, which tried to exit the company last year, earlier opted for a $200 million mezzanine debt to pay off Freedom Group's investors.
Latest News
Savings search engine company Chippmunk was able to secure $750,000 for its seed funding round from veteran angel investors in Silicon Valley and Los Angeles.
San Mateo, California-based firm American Efficient launched today with a $2.5-million funding it received from Clean Pacific Ventures to help US residents switch to renewable energy products and suppliers.
San Francisco-based mobile game business engine Playhaven and mobile analytics firm Kontagent have decided to merge in an all-stock deal is said to be worth hundreds of millions of dollars.
Manhattan-based private equity and investment firm Wasserstein & Co completed its $340-million purchase of Hauppauge-based satellite communications systems provider Globecomm Systems.
The New York Times said private equity investors of Oriental Brewery in South Korea could stand to gain a 34% annualized return on their original investment of the brewery.
Canada Pension Plan Investment Board, one the country's top pension funds, has purchased a 15% stake in Orpea. CPPIB paid €320.8 million for the minority stake in the French nursing home company.
US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.
Credit ratings agency Moody's Corp has acquired Amba Investment Services for an undisclosed amount. The Economic Times reported the purchase highlighted an appetite for big data and knowledge outsourcing firms.
Hengdeli Holdings will be acquiring control of Shenzhen Feierpusi Electronics Co, which owns an 88.6% stake in a watch retailer in Nanchang.
