Alleghany Corp augmented its investment in Ares Management by putting in an additional US $250 million equity.
Investors
Ascension Health Ventures puts money in healthcare technology specialist Quantros
Venture capital fund Ascension Health Ventures backs healthcare technology innovator Quantros. Healthcare technology provider Quantros announced earlier today that it has received an investment from Ascension Health Ventures (AHV).
Test prep specialist Kaplan purchases Grockit
Test prep industry leader Kaplan acquires Grockit's learning platform and assets. International test prep service provider Kaplan announced earlier that it has purchased the social learning platform and test prep assets of Grockit for an undisclosed amount.
Growth market investor Abraaj sells HFC Bank stake
The Abraaj Group exits its HFC Bank investment after signing an agreement with Republic Bank Limited.
synlab acquires 100% ownership of Medicap Holdings
synlab acquires Medicap Holdings from Baltcap but financial details of the transaction were not revealed.
Latest News
Wild Craze secured a US $2 million loan from TCA Global, which it intends to use for expansion. Wild Craze Inc. gets a business boost after TCA Global Credit Master Fund agreed to extend a US $2 million senior secured loan to the company, with an initial draw down of US $300,000.
John's Incredible Pizza gets US $17.4 million investment from Praesidian Capital. John's Incredible Pizza secured US $17. 4 million, representing first lien debt, from Praesidian Capital, one of the market leaders in debt capital options for small & medium businesses and mid-sized organizations.
Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.
BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.
A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.
IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.
Merz Pharma acquires Neocutis in an effort to boost its presence in the field of both medical and cosmetics.
White Deer Energy bought J-W Measurement Company for an undisclosed amount. White Deer Energy L. P. II, its affiliates and J-W Measurement Company's senior management team, bought J-W Measurement Company for an undisclosed amount.
Spotify's revenues in 2012 grew more than twice as much after expansion. Spotify's revenues in 2013 more than doubled to Eur435 million or US$577 million from last year.
