American private equity firm Bain Capital was said to be in talks with other private equity firms to sell its insurance software business Applied Systems Inc. Sources said that the sale could bring in USD1 billion to the investment firm.
Investors
Byliner acquires mobile developer Seesaw
In its first acquisition, US-based journalism startup Byliner purchased mobile developer Seesaw Decisions for an undisclosed amount, but has not yet confirmed its plan for Seesaw.
Croydon local government council gives preliminary approval to Westfield Group, Hammerson for mall project
Sydney-based property trust Westfield Group and London-based property developer Hammerson obtained preliminary approval from the local government council of Croydon to rebuild a shopping center in South London.
DBS and ABN AMRO place final bids for Societe Generale's Asian private bank -sources
Singapore's DBS Group Holdings, Credit Suisse, and ABN AMRO are among the shortlisted suitors that have placed their final round bids for Societe Generale's Asian private bank.
Indian Angel Network eyes investment opportunities in UK, Singapore
The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.
Latest News
California-based private messaging app Wickr had redesigned and is in the middle of a USD7.4 million fundraising, according to a document filed with the Securities and Exchange Commission (SEC) today.
Intel Corp is asking USD 500 million for OnCue, the service that allows users to access pay TV programs through a high speed Internet connection, according to sources interviewed by Bloomberg.
German-based pharmaceutical giant Bayer is preparing an acquisition bid amounting to NOK306 (USD49.9) per share for its Norwegian partner Algeta, according to a German newspaper.
Bain Capital has began raising USD3.5 billion for its fourth European private equity fund. The American private equity firm also offered its investors two fee structure to choose from.
Prompt.ly, a startup that provides a mobile-based SaaS platform for "The Invisible Economy" of service providers has received USD 1.5 million in seed funds from Facebook's Ethan Beard, Subtraction Capital and other investors.
Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding for Illinois Tool Works' industrial packaging unit in a deal that could bring in USD3 billion.
Palo Alto, California-based digital magazine app Flipboard might be raising an additional USD50 million in funding as continuation to its first USD50 million capital, according to sources cited in a Fortune report.
Jones Energy Inc has signed a deal to purchase oil and gas assets in the Andarko Basin from a private seller. The price tag for the producing and undeveloped assets is USD 195 million.
Big Data firm ColdLight Solutions has obtained growth capital from Kayne Partners. The amount of funding was not disclosed but ColdLight said it will help expand operations and scale their business solutions.
