Sub Saharan Africa a hotbed for bond yields according to Goldman Sachs. Many Sub-Saharan countries, aside from South Africa, have sold nearly US$7 billion in debt for the year.
Growth Equity
STAT- Diagnostica Series B Raised US$22.1 Million
Series B fundraiser saw STAT-Diagnostica raise US$22.1 million. STAT-Diagnostica disclosed the conclusion of its Series B growth financing round that earned an estimated amount of US$22 million or EUR17 million.
Kite Venture Led the Series B of Merchantry
US$7 million was raised by Merchantry from both old and new investors. In an announcement by Merchantry today, it disclosed that its Series B of Financing had raised US$7 million with Kite Ventures heading the round.
Corsair Receives US$75 million Grant
Corsair, the gaming components expert, has received US$75 million investment from Francisco Partners.
Etihad Shares Routes with South African Airways
Etihad, in a move to expand presence in Africa, partners with South African Airways for route sharing and other benefits.
Latest News
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
Klockner Pentaplast to issue notes worth Eur225 million. The largest producer of rigid plastic film for packaging purposes, Klockner Pentaplast, has set the price of Eur225 million in Senior PIK notes due on 2017 with an interst rate of 10.
Netchemia receives investment from Mainsail in the amount of US$6.5 million. In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.
NorthStar and sponsored firm funds US$255 million loan over Milford Plaza Hotel in Times Square, New York.
Former Goldman Sachs banker Fang Fenglei opens new fund named Hopu Master Fund II. Former Goldman Sachs banker, Fang Fenglei, is now undertaking a mission to raise US$2 billion in a new fund, according to anonymous sources familiar with the transaction.
The Truell brothers invest major capital funds to become majority shareholders of Imagine Publishing.
