A Rocket Internet and iMENA Holding consortium would be marketing mobile app Easy Taxi to North Africa and the Middle East.
Europe
Funding Circle raises USD37 million in Series C funding
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Branson remembers emotional USD1 billion exit from Virgin Records
Virgin Records founder Sir Richard Branson recalled having great regret on selling his record company to fund his then-new Virgin Airlines venture.
Saudi debt and equity capital markets hire HSBC on deals
Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals. HSBC Holdings said borrowers in Saudi Arabia had obtained its banks services to manage several debt and equity capital market transactions.
ING US Inc sale raises USD 974 million for parent ING Groep
ING Groep raised USD 974 million from selling its New York-based US insurance business. Amsterdam-based financial services firm ING Groep was able to gather USD 974 million or EUR 706 million from the sale of its US business.
Latest News
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
After the collapse of the Belarussian venture, Kerimov is considering offers from other parties as to his stake in potash producer Uralkali.
While there was an offer made for the club, Birmingham City management said that there were 'no immediate plans' to sell.
Teads closed its Series A investment round with USD 5.2 million from Partech Venture and Elaia Partners.
Google Inc confirmed reports of it acquiring French startup FlexyCore, the maker of Android performance booster technology DroidBooster.
Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.
Bill Gates bought a 6% stake in Spain's FCC for EUR 113.5 million. Billionaire Bill Gates had purchased a 6% stake in Spain-based construction firm Fomento de Construcciones & Contratas or FCC.
