VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
Growth Equity
Intelstat To Go on IPO
Intelstat would undertake an IPO worth about US $500 million. A proposed IPO worth US $500 million would test the resolve of investors for financial leverage in Intelsat Global Holdings SA.
Qatar Makes Bond Deposits to Egypt
Aid in the form of bond deposits is what Qatar has given to Egypt in the latest round of assistance.
Shares of First Solar Jump to 45 Percent
First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.
Foundation Capital Announces its Seventh Fund
Foundation Capital has raised US $282 million in its seventh round of capital fundraising. The venture capital firm, Foundation Capital, disclosed today its seventh fund amounting to $282 million in reserve money.
Latest News
Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.
Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.
Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.
A US$3 million loan was granted by Square 1 for the expansion goals of SteadyMed. Square 1 Bank has announced it has opened a US $3 million term loan credit facility to SteadyMed Therapeutics.
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
Bulat Utemuratov is thinking whether to purchase state owned shares in Alliance Bank and Temirbank. Bulat Utemuratov, the Kazakh billionaire tycoon is contemplating whether to purchase Alliance Bank and Temirbank from the government.
Immofinanze to list apartment portfolio of Buwog in an IPO. The residential unit of Immofinanz AG in Frankfurt will be offered in an initial public offering as early as November.
Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
