A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
Growth Equity
Electranova Capital Supports Forsee Power
Electranova Capital invests in Forsee Power for development and growth purposes. In an announcement, Electranova disclosed its investment in Forsee Power Solutions.
Dar Al Arkan Prepares for Sukuk Issue
Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.
UK's Oakfield Capital Partners Attains its First Close
Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.
Japan Makes Available US$2 Billion for Africa Resource Projects
Japan opens fund for Africa Resource Projects Japan is planning to grant US$2 billion financial support for Japanese firms in the next five year. The available funding would enable them to continue their natural resources development projects in Africa.
Latest News
Skyword secures new US$6.7 million of capital funding. Skyword announced today that it was able to secure US$6. 7 million at the recently concluded growth capital round headed by Cox Media Group.
Scarosso, the high end shoe brand, announced that it has raised new funding from its Series A capital round.
Pebble announces the raising of US$15M in funds during Series A capital round. In an announcement by Pebble, the creator of the e-paper smart watch that links to Android smartphones and iPhones, disclosed that it was able to receive US$15 million in Series A growth financing round from Charles River Ventures.
Blackstone, believing in the high risk high reward appetite of the market, is creating a fund for the riskiest of trades.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Accel Partners invest funds into Airwatch development. AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
IT-Ernity receives financing support from GMT and VSS. GMT Communications Partners and Veronis Suhler Stevenson announced that they will be teaming up with the firm's management to grant growth finances to IT-Ernity.
StepLeader raises US$4.4 million in the recently concluded capital infusion round. Based in Raleigh, North Carolina, the leading developer of mobile application for local media, StepLeader Inc, announced that it was able to raise US$4.
