Stonegate Mortgage Corp raised USD 114 million in funds in its New York IPO. Stonegate Mortgage Corp was able to raise USD 114 million in its initial public offering in New York.
Investors
KIK Custom purchases consumer products business of Chemtura Corp.
The price of USD315 million is what KIK Customs paid for Chemtura Corp's consumer product business.
Seed funding raised for Newsela
Newsela received seed funding from New Schools Venture Fund and Kapor Capital worth USD1.2 million. Newsela is an online platform which helps students master reading and critical thinking.
Wells Fargo announces profit increase
Wells Fargo & Co's profits increased however its mortgage banking income had fell, said a Reuters report.
Bacchus Capital exits Qupe Winery
In an announcement, after completion of a previous second lien loan, Bacchus Capital Management exits Bob Lundquist's Quepe Wines.
Latest News
In its second largest acquisition in the past six months, KKR had acquired 30% of India's Gland Pharma for USD150 million.
Mitsubishi UFJ Trust and Banking Corp announced the completion of its acquisition of Butterfield Fulcrum Group, now known as Mitsubishi UFJ Fund Services.
Victory Park Capital sold its portfolio company Ascent Aviation Services Corp to LongueVue Capital Partners.
Technology giant would be making a USD 103 million investment in Silver Ridge Power's Mount Signal Solar project.
Samsung Electronics Co Ltd issued a statement to deny reports of its acquisition of Fingerprint Cards AB for USD650 million.
A total of USD237.1 million was given to Rostelecom by Deutsche Bank and Russian Direct Investment Fund for over 72 million Rostelecom ordinary shares.
Otsuka Pharmaceutical announced today the completed acquisition of Astex Pharmaceuticals in a deal valued around USD900 million.
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
WR Grace & Co would be buying the polypropylene licensing and catalyst division of Dow Chemical Co for USD 500 million.
