Yury Kovalchuk's Bank Rossiya and his partners purchased a 50% stake in the Russian unit of Tele2.
Investors
NXT Capital gives subordinated venture loan to MyBuys
NXT Capital invested in MyBuys through a USD 4.5 million subordinated venture loan. The Venture Finance Group of NXT Capital gave a USD subordinated venture loan to support MyBuys.
TextPower Inc closes oversubscribed Series A round with USD 525,000
TextPower raised capital commitments amounting to USD 525,000 in its Series A round. TextPower Inc completed its Series A financing round with USD 525,000 in investments.
Blackstone-led buyout group takes Pactera Technology private
A Blackstone Group-led consortium would privatize Pactera Technology. A buyout group led by private equity firm Blackstone Group would be taking China-based Pactera Technology International Ltd private.
Carlyle Group, AlpInvest Partners assume management of Indiana Future Fund, INext Program
Private equity firms Carlyle Group and AlpInvestment Partners assumed the management of two fund of funds in Indiana.
Latest News
One Group LLC, owner of the STK steakhouse chain, would be merging with Committed Capital Acquisition Corp, said a Wall Street Journal report.
Roche Chief Executive Officer Severin Schwan said the founding families of Roche Holding would prefer to remain independent.
Italian confectionery firm Ferrero said through its spokesman that reports about the company receiving acquisition offers were complete fabrications.
A study found that Oreo cookies were as addictive as cocaine. A recent study conducted by a team at Connecticut College in New London found that Oreo cookies were as addictive as cocaine, the LA Times reported.
Harley-Davidson recalled some motorcycle units because of problems with its hydraulic clutch system.
Last Wednesday, Tata Docomo unveiled to the public a SAAS based business and office based productivity solution.
Harley-Davidson voluntarily recalled several motorcycle models made between May to October this year.
British retail giant Tesco Plc is partnering with Tata conglomerate subsidiary Trent to open stores in India.
Singapore Exchange's provisions on Asiasons Capital Ltd planned share sale may endanger the investment firm's buyout plan in Black Elk Energy Offshore Operations LLC.
