According to Reuters, Lone Star is itching to exit from German bank IKB as European Central Bank and the European Banking Authority will begin to run mandatory health tests in banks this year.
Finance/Venture
India's life science startups work to turn research into successful business ventures- report
Life science startups of India, like Sea6 Energy which turns seaweed to biofuel, are taking on a higher level of risk in their goal of turning their research into successful businesses, The Economic Times reported.
Innovation firm 3M backs Chile-based Lixivia
Innovation company 3M has supported Chilean firm Lixivia. The investment was made through 3M's New Ventures Business but terms of the deal were not disclosed.
Vector Capital acquires and makes growth equity investment in CollabNet Inc
Private equity firm Vector Capital has acquired and made a growth equity investment in cloud-based application lifecycle management solutions provider CollabNet Inc. Financial terms of both deals were not provided.
Donors give California Governor Jerry Brown $17M for gubernatorial race
While incumbent California Governor Jerry Brown has not expressed his plans to run again, donors like Exxon Mobile, Facebook Inc and Microsoft Corp have contributed to his campaign chest, Bloomberg reported.
Latest News
LightSquared Inc seemed to have marked a small milestone towards getting out of bankruptcy when on Friday, it told a state court that it has been working with its creditors regarding a plan to restructure the company's assets.
Interest in lower end market deals in Europe by foreign investors had been seen growing, according to the latest data released by Mergermarket. Almost a third of the 169 deals involving foreign investors seen last year were made in the UK, with Germany and Spain a distant second and third.
A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.
San Francisco, US-based marketing startup BrightFunnel secured just under $1 million in advisory funding to build a product that generates smarter and more accurate sales predictions.
Mountain View, California based seed accelerator Y Combinator (YC) announced that it will restrict its partner investments until three weeks after demo day to give all its startups an equal chance to raise funds.
Costa Mesa, California-based firm GrowthHackers opened a community news site today where members can post resources and learning materials centered around growth hacking or marketing.
Starting February 27, London-based co-working space Rainmaking Loft will be opening 80 desks within a 1,000-square-meter office space in Berlin to provide startups with links between the Berlin and London tech markets.
BTC China, the biggest bitcoin exchange in the world, has begun allowing users to buy the digital currency using Chinese yuan again, just a month after it halted renmibi deposits because of a bank warning.
A venture capitalist is urging Asian investors to consider placing bets in evergreen funds, and said that these type of funds are a good fit for them.
