The Bank of Cyprus is thinking of restructuring its operations into retail and asset management. The Bank of Cyprus is considering the possibility of splitting its operations as part of its restructuring scheme.
Firm Management
AHT Cooling Sale Attracts Bidders Bridgepoint, EQT
Private equity firms Bridgepoint and EQT express interest in purchasing refrigeration equipment company AHT Cooling.
Richman Group Closes $291 Mln Worth of Tax Credit Funds
Richman Group closed a total of USD 291 million of tax credit funds. Richman Group Affordable Housing Corp, a top equity fund sponsor for housing, closed a USD 166 million fund that includes a portfolio of properties scattered in 18 states and USD 125 million fund in New York, bringing up the total to USD 291 million.
Telefonica, KPN Merger Challenges Europe M&A Regulations
Telefonica's merger with German KPN unit has posed a dilemma to the European Commission. Telefonica SA (TEF) and Royal KPN NV are testing European regulatory stipulations with their upcoming merger of mobile-phone units in Germany.
NatureBox Gains $8.5 Billion in Series A Funding
NatureBox Inc received USD 8.5 billion from investors Softbank Capital and General Catalyst Partners.
Latest News
PacWest Bancorp agreed to purchase CapitalSource for $2.3 billion in cash and stock. PacWest Bancorp (PACW), a California-based bank holding company, has agreed to buy commercial bank CapitalSource Inc.
The chairman of Vodafone said that he will seriously consider Verizon's offers for a buy out for as long as it gives value for its shareholders.
Brazil's JBS SA has renewed its program to buy-back up to 10 percent of its common shares in circulation.
Planet Fitness has hired corporate finance veteran Dorvin Lively as Chief Financial Officer. Dorvin Lively has been appointed as the Chief Financial Officer of Planet Fitness, a health club franchise that boasts 650 locations and 4.
PlayOn Sports raises a total of USD 26 million in Series D Funding. (CORRECTION: Updated the previous image) Atlanta-based PlayOn! Sports, otherwise known as 2080 Media Inc, announced that it has raised Series D funds totalling USD 26 million on Monday.
LiquidPiston Inc closes with USD 6.5 million in the series C funding round. Combustion engine manufacturer LiquidPiston Inc announced a USD 6. 5 mllion first closing of the series C funding round.
Solutions provider Symantec buys PasswordBank from Inveready. Solutions provider company Symantec recently purchased PassWordBank from Inveready, a Spanish venture capital company that specializes in early-stage investment.
Elastic Path Software received C$12 million worth of funding from several investors including Yaletown Venture Partners.
State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
