Lexington Partners announced the closure of their new co-investment fund, Lexington Co-Investment Partners III, L.P. after obtaining at least US$1.50 billion from institutional investors.
Institutional investors
World Class Capital Group receives funding for Andrita Studios acquisition
Karlin Real Estate Lending provided World Class Capital Group with US$20 million to help it acquire Andrita Studios in Los Angeles.
Australia’s largest retailer takes major hit from hardware venture
Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
Harrison Street raises US$750 million
Harrison Street Real Estate Capital sealed its fourth fund after raising US$750 million from various investors.
OUE said to accumulate US $476 million in IPO
The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
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The intellectual asset management provider gets a significant investment from Insight but the agreement’s terms were not fully disclosed.
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
Private equity firms, Providence Equity Partners and ChrysCapital, reported that it may exit Idea Cellular and HCL Technologies respectively in the near future.
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
The following bids, mergers, acquisitions and disposals were reported by on Wednesday. The following bids, mergers, acquisitions and disposals were reported by on Wednesday.
The apps developer Xamarin gets US $16 million funding, which it intends to use for its exponential growth.
On-Ramp wireless gets additional US $15 million funding from both new and existing investors, On-Ramp Wireless obtained additional US $15 million after its series C funding.
Grovo gets US $5.5 million of funding for its product research and marketing campaign. Grovo. com, which uses personalized videos to train users on cloud and Internet services, closed US $5.
Goldman Sachs sells its majority share in REDI but will retain minority stake in the company. Goldman Sachs Group sold its majority stake in REDI, one of the pioneers of trading technology, to a group of investors.
