US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.
Deals
Airtasker raises additional USD2 million for team expansion
Australia-based task outsourcing platform Airtasker raised an additional USD2 million in a funding round with BridgeLane Capital, Exto Partners, and other private equity investors, to be used for the firm's team expansion.
JG Summit raises more funds for Meralco stock purchase
Philippine-based JG Summit Holdings Inc raised PHP8.8 billion through an overnight equity placement to fund a stake acquisition in Manila Electric Company (Meralco) and other corporate purposes.
Transgene supports SillaJen plans to purchase Jennerex
France-based biopharmaceutical company Transgene supported the proposal of South Korean contract research and development firm SillaJen Inc to acquire biotherapeutics company Jennerex. Transgene owns 8.5% of Jennerex.
Social network Bubbly in talks over possible acquisition
Singapore-based mobile social network for voice Bubbly is in talks with interested partners, including one gaming company, over a possible acquisition, according to the firm's chief executive officer.
Latest News
Connecticut-based private equity firm Littlejohn & Co. was said to be buying e-commerce company Newgistics Inc. The deal will be financed by Littlejohn's Fund IV, which has a capital commitment of USD1.3 billion.
US-based generic drug manufacturer Mylan and two Indian pharmaceutical firms are in talks to buy Chennai-based Bafna Pharmaceuticals for an undisclosed amount, according to two sources familiar with the transaction.
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
Holliday Fenoglio Fowler LP or HFF was able to secure USD 100 million in financing to fund the acquisition of Tower at Cityplace by Parmenter Realty Partners.
Mexican broadcaster TV Azteca purchased financially troubled soccer club Atlas on Monday in an acquisition deal valued at USD50 million, according to the club's president.
Boulder, Colorado-based tech startup Revolv raised USD4 million in a funding round led by The Foundry Group to add support for more devices and hire more employees.
Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, according to a Mining Markets article.
French investment firm Wendel and Nordic Capital are the remaining bidders for Germany's medical patch maker LTS Lohmann. The acquisition deal could bring in EUR1.2 billion to the company owned by Novartis, BWK and German tycoon Dietmar Hopp.
In its first acquisition, US-based journalism startup Byliner purchased mobile developer Seesaw Decisions for an undisclosed amount, but has not yet confirmed its plan for Seesaw.
