Canaccord Genuity Group Inc said it will not be making more large purchases. Instead, the Canada-based non-bank brokerage will grow its UK wealth management unit through small deals.
Deals
Lone Star Funds acquires 23 buildings from State Farm Mutual Automobile Insurance Co
John Grayken's private equity company Lone Star Funds had bought 23 buildings from State Farm Mutual Automobile Insurance Co. Lone Star would be leasing the properties back to the insurer.
Jostens to acquire rival American Achievement
Minneapolis-based commemorative paraphernalia retailer Jostens gave its approval on the company's acquisition of rival American Achievement Group in a deal that was valued at USD500 million, according to a source familiar with the matter.
LoneStar Heart raises USD2.4 million in Series C funding
California-based biomedical firm LoneStar Heart Inc raised almost USD2.4 million in a Series C financing round from unnamed venture investors, which would be used for the company's heart therapies for advanced heart failure patients.
Post Holdings Inc CEO raises Herbalife stake to 6.4%
Bill Stiritz, the Chief Executive Officer of Post Holdings Inc, raised his Herbalife stake to 6.4% from 5.3% and said he intends to hold discussions with Herbalife about possible strategies for financing.
Latest News
The Future Group was reportedly negotiating a takeover of the Bangalore-based supermarket chain Nilgiris. British private equity firm Actis Capital bought Nilgiris for USD65 million and currently owns 65% of the company.
California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Dianping's co-founder Edward Long recently revealed at the TechCrunch/Technode event in Shanghai that it rejected an acquisition offer of less than USD100 million from Google China.
Indian textile company Arvind Mills Ltd. would reportedly acquire a 49% stake in designer jeans brand Calvin Klein in India. As a result of the possible deal, Arvind would be inducted as Phillips-Van Heusen's new joint venture partner in the fashion house.
Nedbank Group, headed by Chief Executive Officer Mike Brown, said it plans to use its option to acquire a stake in Togo-based Ecobank Transnational Inc valued at more than USD 500 million.
Canada-based finance company FinanceIt raised USD13 million in a Series A funding round to be used for the expansion of its services to the United States.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
