Institutional investors

IIS and Drivewyze raises USD7.5 million in its latest Series A funding round. Sister firms Intelligent Imaging Systems and Drivewyze have jointly announced the completion of its latest round of funding that raised USD7.

NakedWines.com received USD10 million new funds from WIV Wein International AG, as the company had plans for expansion into the US and Australian markets.

Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.

Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.

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MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.

Private equity firm Doughty Hanson sold Spanish bus operator Avanza Group to Grupo ADO. Private equity company Doughty Hanson & Co announced the sale of Avanza Group to Grupo ADO, a Mexican bus operator.

Edcon Holdings, a clothing retailer owned by Bain Capital Partners, suffered sales losses because of its remodeling operations.

Activist investor William Ackman admitted that he made mistakes on all three retailers that included J.C. Penney, Target and Borders Group.

After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.

China's antitrust regulators placed pressure to thirty foreign firms as they seek confessions for antritrust violations on a closed-door meeting held last July 24 and 25.

Cloud solutions provider Ajubeo said it received additional investment from Colorado private equity firm Grey Mountain Partners.

Texas-based startup media analytics firm TrendKite scored USD 1.2 million in its Series A round led by Silverton Partners.

San Francisco-based mobile photo app developer PicCollage raised USD 2.3 million in seed funds. Mobile photo application developer PicCollage scored USD 2.

Canadian investment manager Brookfield Asset Management Inc was able to raise USD 1 billion for its fifth fund.