WorldPay was able to raise US$1.08 billion loan equivalent for dividend and debt payment purposes. WorldPay, the payment processing company from Great Britain, has announced the success in its raising of a GBP700 million or US$1.
Finance/Venture
Royal Bank of Scotland Loses Appeal
A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.
NVCA Says the Last Quarter Was Worst Since 2003
According to NVCA data, the first quarter of 2013 was the worst since the third quarter of 2003. Without a doubt, the venture capital industry has experienced the worst quarter it has had in a decade.
Bitcoin Crash Due to Price Bubble
According to Bitcoin Chief Scientist Gavin Andersen, Bitcoin will still grow and these crashes are part of it.
Deutsche Bank Changes Board
In a move to bolster investment banking projects, Deutsche Bank removes three supervisory board members and replaces them with known advocates of investment banking.
Latest News
Evertec, at a per share price of US$20, stands to raise US$1.75 billion in its initial public offering.
Distressed debt investors are looking into German property company IVG Immobilien as some lenders try to minimize potential heavy losses due to the property company's debt restructuring.
Singapore's Heliconia Pte Ltd is set to buy 2.6 percent stake in private sector Kotak Mahindra Bank for Rs 1,296 crore.
Private equity firm Carlyle Group is set to sign investment deals in Africa to tap the increasing customer spending in the continent.
European private equity firm AXA Private Equity has sold its majority stake in Aixam Mega to Polaris Industries, a US in group specializing in powersports.
Iron Pearl has been acquired by Paypal for an undisclosed amount. PayPal has announced the acquisition of Iron Pearl for an undisclosed amount. The renowned online payment service provider has been seeing fast growth as there are more than 5 million people who have been signing up and using the services.
Concerns about money laundering and violations of the Bank Secrecy Act hold back M&T Bank's purchase of Hudson City Bancorp Inc.
Sankaty offers CLOs for US and Europe through its first fund. The credit investment unit of Bain Capital LLC, Sankaty Advisors LLC, had begun raising its first fund focused on collateralized loan obligations.
Japan's railway and real estate group Seibu Holdings has opposed the renewed attempt of Cerberus Capital Management LP to increase its stake in the company to 44.7 percent.
