Bain Capital Fund XI, with a projected USD6 billion, is now worth USD2.3 billion. Bain Capital was able to raise about USD5 billion for its eleventh buyout fund.
Funding
ZTE Corp plan to expand to US market
The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.
New rules on mergers in India telecoms industry scored
Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.
New book details the 'descent of Air India'
Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.
Yahoo acquires social marketing tech startup Bread
Social marketing tech startup Bread was acquired by Yahoo Inc to improve revenue potential of its ad products.
Latest News
The IPO of CommScope Holding Co is expected to reap USD800 million. Commscope Holding Co, the telecommunications equipment firm, had set pricing terms for its IPO.
Activision regains independence after it bought back shares from Vivendi SA. A group led by Activision CEO Bobby Kotick in partnership with Activision Blizzard Inc recently completed a buyout worth USD8.
Community pool operator AlphaMetrix Group LLC recently fired its CFO as it grapples with liabilities far greater than its liquid assets.
The Catapult Group provides service and administrative support for contract affiliates. The most recent fund of the Natural Gas Partners, NGP Natural Resources X LP as well as NGP Energy Technology Partners LP had pledged significant capital commitments in order to establish the Catapult Group.
The price of USD315 million is what KIK Customs paid for Chemtura Corp's consumer product business.
Newsela received seed funding from New Schools Venture Fund and Kapor Capital worth USD1.2 million. Newsela is an online platform which helps students master reading and critical thinking.
Technology giant would be making a USD 103 million investment in Silver Ridge Power's Mount Signal Solar project.
Otsuka Pharmaceutical announced today the completed acquisition of Astex Pharmaceuticals in a deal valued around USD900 million.
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
