Blumberg Capital raises USD150 million with its venture capital seed fund. In an announcement, Blumberg Capital said it had closed Blumberg Capital III.
Finance/Venture
Banks avoid financial backing for Etisalat over letter of support issued for subsidiary
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Fosun seals USD500 million convertible bond deal
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
UBS purchases its bailout fund back from SNB
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion. On Friday, the Swiss National Bank (SNB) said it had sold UBS's stabilization fund back.
NMI Holdings Inc raises USD 27.3 million in share sale
NMI Holdings raised USD 27.3 million in a share sale after selling the shares at the top end of its price range.
Latest News
Deutsche Bank AG, Societe Generale SA and Harvest Global Investments now have China linked ETFs available.
The latest takeover bid was submitted by BNP Paribas SA for BGZ Bank in the Polish market that had seen mega million takeover deals in its banking industry.
Due to net income decline, the world's biggest reinsurer Munich Re would do a share buyback program to be completed by April 30, 2014.
A Permira Funds portfolio company had purchased BestInvest for an undisclosed amount. UK wealth management and online investment service firm BestInvest announced it had agreed to be acquired by a portfolio company of Permira funds.
French lender BNP Paribas announced its submission of a non-binding bid to purchase a 98.5% interest in Rabobank's BGZ.
Austin-based venture capital firm Silverton Partners would be using the USD75 million it raised for Fund IV to support the local startup scene in Texas.
Two French banks, Societe Generale and Credit Agricole, disclosed plans to increase its ownership stakes in asset manager Amundi Group and derivatives broker Newedge Group.
Some industry observers see the rise in Bitcoin value as a bloated valuation. In an article on TechCrunch, digital currency Bitcoin was reportedly on a comeback after a series of market value setbacks.
Vietnam is now in the process of allowing foreigners greater participation in local industry and cut back on government participation.
