Wikipedia co-founder Jimmy Wales picked up a big stake in London-based mobile provider The People's Operator (TPO) in a bid to expand into the US and other international markets.
Europe
Africa's biggest retirement fund administrator exits stake in Swiss unit of Lane Clark & Peacock ahead of IPO
Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).
Editor Tony Gallagher leaves UK media Telegraph
Tony Gallagher, the editor of UK-based newspaper Daily Telegraph, stepped down from his position amid a restructuring program as the company prepares to shift its focus to digital publishing.
Synthelis secures €610,000 initial funding from French investors
French investors provided Synthelis, a company based in La Tronche, France that specializes in the production and characterization of therapeutic targets and antigens, with initial funding of €610,000.
Philippine-based Ongpin group hikes stake in Alphaland
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
Latest News
With a recovery in the IPO market propelling private equity backers to exit their investments, lenders are readying to list more UK retailers on the London bourse, the Financial Times reported.
Private equity companies are among the rising number of investors looking to invest in the commercial real estate market in Germany where cash-strapped owners are forced to make deals, Bloomberg reported.
Madrid, Spain-based Wi-Fi sharing company Fon nabbed $14 from broadband chip maker Qualcomm Ventures to develop a new device that enables users to share music and broadband signals.
US-based global private investment firm Starwood Capital Group has acquired UK-based hotel owner and operator Four Pillars Hotels through an unnamed affiliated fund for an undisclosed amount.
India-based IT and engineering services provider Global Economic Advantage Pvt Ltd purchased Samtel Engineering and Sourcing Solutions Pvt Ltd including its wholly owned German unit for an undisclosed sum.
Brussels, Belgium-based chemical firm Solvay SA offered to buy Pennsylvania, US-based conductive polymer maker Plextronics Inc in a $32.6-million deal amid a Chapter 11 filing by the latter.
Epom, an ad serving and ad management solutions provider, said it received $7 million in a private investment pool for product improvement and new product development.
The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.
Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
