According to a private equity official, the private equity industry in Sri Lanka is interested in backing small and mid-sized firms that have a winning business model and a plan for growth, the Lanka Business Online reported.
Institutional investors
LiveOps Inc purchases Canada-based CxEngage maker UserEvents Inc
Redwood City, California-based cloud contact center and customer solutions provider LiveOps Inc has purchased UserEvents and its product called CxEngage. The acquisition enables LiveOps to enhance its Cloud Platform.
Hedge funds bet most on gas, expects to be more bullish due to cold weather
The forecasts of the ongoing cold weather in several US key cities has made investors increase their bets on US natural gas futures.
California-based AutoGrid Systems closes Series C funding with $12.75M
A group of strategic investors which included European utility company E.ON., Foundation Capital and Voyager Capital, led the Series C funding round for AutoGrid Systems which raised $12.75 million.
TigerText snags $21M in Series B funding round
TigerText, a real-time messaging provider for the enterprise, has closed its Series B round led by Shasta Ventures with $21 million. New and existing investors also participated in the financing.
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Bangalore, India-based cloud-based video infrastructure operator Turtle Yogi Technologies raised between $250,000 and $350,000 in a seed funding round led by venture capital firm Blume Ventures, to build on the sales of its flagship product 1Click.io.
Leicester, England-based legal franchise QualitySolicitors secured a multi-million-pound investment from its majority shareholder, Palamon Capital Partners, to drive its expansion plans in the UK for 2014.
London-based hedge fund Hengistbury Investment Partners took a 5.2% interest in events and publishing company UBM as the latter continues its search for a new chief executive.
PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
AMCS Group secured an equity investment of €23.5 million in a round led by Highland Capital Partners Europe. AMCS Group is a company that gives software and solutions to firms in the recycling and waste management industry.
Search giant Google will be purchasing London-based artificial intelligence startup DeepMind founded by Demis Hassabis, Jaan Tallin and Shane Legg, according to news website Re/code.
Online legal startups like LegalForce, RocketLawyer and others intend to bring law closer to the people and make it less expensive in the process, the San Jose Mercury News reported.
India's private equity industry is growing and fund managers are getting seasoned industry veterans to help manage their portfolios and add more value to their investments, The Financial Express reported.
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
