The mergers and acquisitions activity in the Southeastern portion of the US rose 17% last year, according to data from Mergermarket Group news service, The Tennessean reported.
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Lone Star taps BoFA, Rothschild for IKB sale as Euro stress test pressures firm
According to Reuters, Lone Star is itching to exit from German bank IKB as European Central Bank and the European Banking Authority will begin to run mandatory health tests in banks this year.
Online home furnishings site Wayfair nabs $150M in fundraising - source
Wayfair, an online home-furnishings site, saw its company valuation hiked past the billion - dollar mark when it recently raised $150 million in a T. Rowe Price - led fundraising round, said a source who told Reuters.
Principal of Ontario's CleanTech steps down, exits stake to avoid conflict
Andrew Horsman, the principal of Canada-based green technology firm CleanTech Capital Inc resigned and is exiting his stake after the investment was reported by the Star, to avoid conflict of interest with his position as the head of the tire recycling programs in Ontario.
Private equity-backed LightSquared agree on restructuring plan with creditors to get out of bankruptcy
LightSquared Inc seemed to have marked a small milestone towards getting out of bankruptcy when on Friday, it told a state court that it has been working with its creditors regarding a plan to restructure the company's assets.
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Sunnyvale, US-based GPS app maker Telenav acquired Berlin, Germany-based navigation startup Skobbler in a deal valued at approximately $24 million in a combination of cash and common stock.
Interest in lower end market deals in Europe by foreign investors had been seen growing, according to the latest data released by Mergermarket. Almost a third of the 169 deals involving foreign investors seen last year were made in the UK, with Germany and Spain a distant second and third.
Northern England, US-based milk processor Oakhurst Dairy was sold to Kansas City, Missouri-based dairy farmer-owned cooperative Dairy Farmers of America (DFA) for an undisclosed sum because of the absence of a suitable person to run he business.
A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.
Independent non-profit economic development organization Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) invested $2 million in 11 early-stage companies from the technology and life science sectors.
Nanomix Inc, a California-based nanotechnology firm that develops next generation point-of-care diagnostic tests, received $12 million in private funding from "a strategic corporate partner and existing investors."
San Francisco, US-based marketing startup BrightFunnel secured just under $1 million in advisory funding to build a product that generates smarter and more accurate sales predictions.
Mountain View, California based seed accelerator Y Combinator (YC) announced that it will restrict its partner investments until three weeks after demo day to give all its startups an equal chance to raise funds.
Munich, Germany-based secondhand clothes marketplace Vinted landed $27 million in a Series B funding round led by Insight Venture Partners and Accel Partners for its expansion to the US.
