Blackstone Group LP's decision to sell its La Quinta Inns & Suites hotel chain was reportedly done in order to obtain higher returns as oppose to conducting a private sale, sources said to Bloomberg.
Institutional investors
Flipboard raising additional USD50 million
Palo Alto, California-based digital magazine app Flipboard might be raising an additional USD50 million in funding as continuation to its first USD50 million capital, according to sources cited in a Fortune report.
Kayne Partners gives growth capital to ColdLight Solutions
Big Data firm ColdLight Solutions has obtained growth capital from Kayne Partners. The amount of funding was not disclosed but ColdLight said it will help expand operations and scale their business solutions.
Kingsoft Office secures USD 50 million from Morningside, GGV and Shunwei China Internet Fund
Kingsoft Office Software, a China-based software company, which was recently incorporated in the U.S, has secured USD 50 million in new funding from Morningside Group, GGV Capital, and Shunwei China Internet Fund.
Optoro secures Series B funding from Swan & Legend Venture Partners
Optoro Inc, a Washington, DC-based reverse logistics company has raised an undisclosed further Series B funding from Swan & Legend Venture Partners. Earlier this year, they have secured an earlier Series B funding amounting to USD 23.5 million from Revolution LLC and Grotech Ventures.
Latest News
Guardian Capital Group Ltd reached agreement to acquire a specialist boutique emerging market equity investment firm in London
A shift in demand from big firms like KKR, Blackstone and Bain Capital to midsize firms like HIG Capital, Sentinel Capital and KPS Capital in investors was seen in a recent survey conducted by Preqin.
In his interview with The Cornell Daily Sun, former analyst of private equity firm Blackstone and incoming associate of venture capital firm New Enterprise Associates Andrew Schoen explained why venture capitalists exist.
Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.
A Pensions & Investments report said investors now prefer small and midmarket private equity firms like HIG Capital, Sentinel and KPS than large buyout firms.
Blackstone Group, the second biggest realty firm in India, may soon replace DLF as the top real estate developer with its series of acquisitions in the country.
A consortium of venture capitalists had helped Editas Medicine raised USD43 million in Series A financing to create medicine designed to eradicate gene abnormalities.
The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.
Despite receiving backlash from short sellers who claimed that they misstate their assets, there is no stopping to Chinese companies who pursued initial public offerings in the US.
