Nairobi, Kenya-based private equity firm Catalyst Principal Partners acquired Dar es Salaam, Tanzania-based heavy equipment rental and logistics firm EFFCO for an undisclosed amount as part of its strategy to invest in high-growth companies in eastern Africa.
Investors
United Capital Partners to file case against two Vkontakte shareholders
Russia fund United Capital Partners said it will be suing two shareholders of the social network Vkontakte, Mail.ru Group and Ivan Tavrin, East-West Digital News reported.
Colony Capital and Woodridge Capital Partners acquire Ritz-Carlton Kapalua resort
Colony Capital and Woodridge Capital Partners have joined forces to acquire the Ritz-Carlton Kapalua resort in Maui, Hawaii for an undisclosed purchase price, Bloomberg reported.
AssuredPartners adds Kentucky insurance firm Creech & Stafford
Florida, US-based insurance brokerage investor AssuredPartners Inc completed the purchase of Lexington, Kentucky-based insurance firm Creech & Stafford Insurance Agency Inc for an undisclosed amount.
Lessons Indian startups can glean from the failed Facebook acquisition of Salorix
Important lessons can be learned from the failed acquisition deal of India-based social media analytics firm Salorix by Facebook, especially in India where the startup ecosystem is still in its infancy, TechCrunch reported.
Latest News
Waltham, US-based venture capital fund Matrix Partners invested an undisclosed amount in Chennai, India-based micro and small business financing firm Five Star Business Credits Ltd (FSBC).
Citing a source, The Wall Street Journal blog Digits reported that embattled Japanese technology giant Sony has plans of selling its former headquarters in Tokyo, Japan.
Global private equity firm The Riverside Company has acquired Optima and related company Mec3 which makes ingredients for gelato, pastries and others, for an undisclosed amount.
San Antonio, Texas-based diversified holding firm Biglari Holdings Inc, through a wholly-owned subsidiary, bought New York, US-based men's magazine brand MAXIM for an undisclosed sum.
Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro startups just out from incubators.
Little Borrowed Dress, a startup that rents out bridesmaid dresses online, has raised $1.25 million for its seed financing round participated in by a number of investors, TechCrunch reported.
San Francisco, US-based sales communication platform ClearSlide landed $50 million in a Series C funding round led by Social+Capital Partnership to provide a service that boosts productivity of salespeople.
Melbourne, Australia-based web hosting provider Melbourne IT added Sydney-based web domain registry and web hosting firm NetRegistry in a deal valued at $50.4 million to combine two of the biggest web service businesses in the country.
Dublin, Ireland-based public investment holding company TVC Holdings offloaded 7.6 million shares in Northern Ireland-based media broadcaster UTV in a deal valued at €22.1 million, reducing its stake from 18% to 10.05%.
