Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.
Investors
Skip Hop, maker of children’s gears, sells its majority stake to private equity firm
Skip Hop, founded 10 years ago by Ellen and Michael Diamant, makers of children's gears, sell its majority stake to a private equity firm, Fireman Capital Partners.
Nevada regulators approve Bally Technologies-SHFL Entertainment merger in just over an hour
The planned merger between Bally Technologies and SHFL Entertainment received recommendations for approval from the Gaming Control Board and the Nevada Gaming Commission without any questions.
Sift successfully raises USD 2 million for its personalized shopping app, now on the iPhone
Sift successfully raises USD 2 million in seed funding for its personalized shopping app and at the same time, releases its iPhone app. Funding is led by DN Capital and from its previous investors.
Brazil nabs USD9.1 billion total in airport privatization deals
The government of Brazil divested its ownership stakes in two major airports to groups of multiple buyers as part of its strategy to improve the country's infrastructure in time for the World Cup.
Latest News
Alpine Data Labs, creator of open source software framework named Hadoop, received USD16 million in new funding from investors including Sierra Ventures and Mission Ventures.
Ikaria Inc is being fought over by BC Partners Ltd, Onex Corp and American Securities LLC, of which the bidding war could fetch up to USD 2 billion for the former, according to sources who were familiar with the matter.
IK Investment Partners had sold its full ownership in Europe Snacks Group to a French private equity firm Apax Partners for an undisclosed amount and will be completed before the year ends.
As emerging markets were becoming too volatile for some bond and stock investors, a report said majority of them had turned to frontier markets to generate better returns.
The fate of the joint venture firm of Founder Securities and Credit Suisse have yet to be known after the former reveals its plans to sell its stake in the joint venture and merge with China Minzu Securities.
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.
Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the lenders, the Bloomberg Global Poll revealed.
In a report, the Business Standard said private equity firms are a significant contribution to the consolidation of IT services and BPO sector in India. There were five private equity transactions closed this year that totaled USD1.13 billion in value.
