Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
Investors
Vivendi revamp starts with Activision sale
The French conglomerate’s efforts to revamp its diversified portfolio begins with the sale of its stake in Activision Blizzard worth US $8.2 billion.
China Investment Corp posts better yield on returns
China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.
Wipro predicts rise in IT services demand for third quarter
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
LearnVest raises U$16 mln in latest financing round
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
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Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.
Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.
China Investment Corp. posted a 10.6% return on its overseas investments last year. China Investment Corp. , the country's sovereign wealth fund, posted a 10.
Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Smedvig Capital invested GBP 4 million into Kings Court Trust. Smedvig Capital, a private equity investor based in Mayfair, pumped in GBP 4 million into Kings Court Trust.
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
Repsol is considering to sell its 30% stake in Gas Natural Formosa worth Eur 4.5 billion but holds it off until deal with Shell is finalized.
