EMC Corporation said it would acquire data storage developer ScaleIO for US$200 million. ScaleIO founders are expected to earn around US$60 million from a deal that will see the company being acquired by EMC Corporation.
Fund of funds
Private Equity deals in Israel down 50% in the first six months of 2013
Reports state that private equity investments in Israel in the first half of 2013 have dropped by as much as 50%.
Cudos Capital acquires cloud provider Navatar Group
Cudos Capital revealed that it acquired Navatar Group to help the firm expand its services. Navatar Group, a leading cloud provider for financial companies, announced that Cudos Capital AG has effectively acquired Navatar Private Equity CRM.
Amadeus achieves first close amounting to USD75 million
Amadeus Capital Partners achieved first close for Amadeus IV Digital Prosperity Fund with MTN as major investor.
Transom Capital Groups buys protective gear manufacturer
Transom Capital Group acquired One Industries, a protective gear producer based in San Diego. Transom Capital Group, a Los Angeles-based private equity company, revealed that it has bought One Industries for an undisclosed price.
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According to a report, Florida received up to US$17 billion in private equity funding in 2012 while Orlando got a mere US$310 million
AlpInvest won its bid to purchase EUR800 million in private equity assets from HypoVereinsbank. AlpInvest Partners, a Dutch private equity investor, finished first in the race to acquire up to EUR800 million of private equity assets from HypoVereinsbank, according to three individuals with knowledge of the situation.
Unitech has placed 3.6 million square feet of IT space up for sale. Unitech Corporate Parks have offered around 3. 6 million square feet of properties in India's Gurgaon IT Special Economic Zone to a number of private equity firms, said a person who has knowledge of the plans.
Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.
Worldfloat saw its customer base increase due to unique game. Worldfloat, an Indian-based social networking site, expects to have its membership base expand to around 20 million in the next few weeks.
Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.
Simcro sells Riverside Co enough shares for the American company to control it. The Riverside Co. , a U. S. private equity firm, has made its primary entry into New Zealand, taking up a large percentage of the stake in Simcro Ltd.
Biomet improved financial performance this quarter, CEO tries to prove skeptics wrong. Biomet Inc. yesrday reported another annual loss, irrespective of record sales for financial year 2013.
CAZ Investments has raised around US$30 million ready to be invested in health care across the next three years.
