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.
Investment banks
China's central bank announces interest rate reform
China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Maryland received US$320 million in venture capital funds in the second quarter
A PricewaterhouseCoopers report revealed that venture capitalist invested around US$320 million into Maryland last quarter.
Zynga IPO causes investment supply and demand mismatch
Zynga IPO caused investment supply and demand mismatch as many investors turned their backs on the games market.
Erste's capital hike nets Eur632 million
Erste's capital hike raised net proceeds of Eur632 million. Erste Bank Group stated that it had a capital increase this month. This was after the group's foundation decreased its stake.
Latest News
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
Reserve Bank of India's decision to increase borrowing costs eliminated the country's largest bond gains and further extended the US$8 billion fund outflow.
Wells Fargo & Company stated that it has bought US$6.05 billion worth of commercial real estate in London from Hypothekenbank Frankfurt.
Apollo Global Management announced that it is exiting its real estate unit, Realogy. Apollo Global Management announced that is exiting Realogy. The private-equity firm revealed an offering to offer its remaining 25 million shares in Realogy, a real-estate company.
Piedmont was asked to pay Dexia Crediop SpA and Intesa Sanpaolo SpA US$47 million due to interest-rate swap agreement.
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
Tulloch Homes finally revisits Aberdeen, this time with a multi-million project. Tulloch Homes, an Inverness-based contractor, went back to the thriving Aberdeen housing market as part of a GBP30 million program that will bring at least 100 new positions to its 170-strong workforce.
GamesAnalytics raised GBP860,000 in public and private funding. An Edinburgh-based company which provides predictive modelling technology to video game programmers secured GBP860,000 in private and public funding.
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
