Prospect Partners invests in Velocity Aerospace Group. A leading private equity firm focused on smaller lower to middle market companies, Prospect Partners, had announced that it has placed an investment with Velocity Aerospace Group Inc.
Growth Equity
OMERS Ventures and Covington Capital Funds Fusebill
Fusebill gets much needed capital infusion from OMERS Ventures and Covington Capital. OMERS Ventures, the venture capital investment arm of OMERS, one of Canada's largest pension plans, invested $2 million to Fusebill.
HgCapital Closes Funding Round for HgCapital 7
HgCapital closed HgCapital 7 with a hard cap of GBP2 billion. In announcement, HgCapital said that April 15, 2013 would be the final closing of its newest private equity fund HgCapital 7.
21st Century Fox and News Corp Names Emerge from Split Murdoch Empire
The entertainment division would carry the name 21st Century Fox and the publishing division would retain the News Corp name when Rupert Murdoch's empire would be split by the end of the year.
Haltermann has acquired Petrochem Carless Holdings
Haltermann, HIG Europe's unit, has acquired PCL for a new firm. The European arm of private equity firm HIG Capital, HIG Europe, has announced that one of its portfolio companies, Haltermann Holding GmbH had acquired Petrochem Carless Holdings Ltd.
Latest News
Tengram Capital Partners has raised US$173 million in commitments, more than its original US$150 million target.
Agila Biotech and Pfenex Inc enter into a joint venture for development of multiple sclerosis drug development.
Bain Capital LLC's Capital Fund XI is in the process of finalizing its subscriptions from investors.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
The German consumers giant Henkel has a fund for new acquisitions. Henkel, the German consumer goods giant, has a fund worth between Eur3. 5 billion and 4 billion or US$4.
The merger of two of the largest automated trading firms would create savings as well as increase revenues for the new merged entity.
Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.
The Italian publisher RCS MediaGroup has agreed to a recovery plan. The RCS MediaGroup Board of Directors have approved the terms of a capitalization round and a debt refinancing plan required for its rehabilitation.
AirAsia JV programs now underway. On Saturday, AirAsia Bhd announced that prior to its launching of the joint venture, they have started hiring India-based captains, first officers and pilots for the Indian budget carrier.
