Investors
LiveMinutes raises US$1.4million in seed funding
LiveMinutes announced that it had received up to US$1.4 million from investors that include Great Oaks Venture Capital, New World Ventures, Ali Rosenthal, and Sam Yagan.
Wheelock buys hotel portfolio of 703 rooms from Lingate Hospitality Group
Wheelock Street Capital announced that they have acquired a six hotel portfolio located in Ohio and in Texas, Tennessee from Lingate Hospitality Group.
Time Warner Cable, CBS Extend Negotiations to July 25
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
TPG says recent purchase needs heavy work
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Latest News
KKR revealed that it has secured an average combined interest rate of 4.8% for the funds to be used in the acquisition of Gardner Denver Inc.
Travelers Cos. reported its biggest decline since 2008 in most recent quarterly report. Insurance company Travelers Cos. (TRV) announced the largest quarterly decline in five years during the reporting of its second-quarter results.
Sources stated that CRH Plc could be acquiring the cement arm of Shriram Group. Sources have said that CRH Plc, an Ireland-headquartered cement manufacturer, wanted to acquire Sree JayaJothi Cements.
Brookfield Asset Management stated that various international investors of one of their initiatives have now committed over US$14 billion.
PricewaterhouseCoopers reported that Florida received around US$156 million across 14 venture capital deals in the second quarter.
TwinFocus stated that it had established a Private Equity unit and brought in Orlando Mendoza to lead the newly formed unit.
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
Colonial Savings puts a financial services veteran as new DFW Commercial Bank President. Colonial Savings has named veteran financial services professional Brent Davis as the new DFW Commercial Bank President.
Summerhill joins several investors in bringing up C2FO's total to USD 18 million, Canada-based Summerhil; Venture Partners has joined investment firm Mithril in raising C2FO growth funding to a total of USD 18 million.
Private equity firms Bridgepoint and EQT express interest in purchasing refrigeration equipment company AHT Cooling.