TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Investors
SEB Venture Capital invests in computer 3D company
SEB Venture Capital stated that it had invested in Donya Labs AB. SEB Venture Capital revealed that it had invested in Donya Labs AB, an international player in the optimization of 3D graphics for video games.
Ogilvy & Mather appoints former IBM Managing Director new CEO
Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
Flagstar reports net gain of $44 million in second quarter
Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
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.
Latest News
Solis Capital announced that it had sold a majority stake in Tigers to GeoPost S.A. Solis Capital Partners LLC, a Newport Beach-based private equity group, revealed that it had sold its majority interest in Tigers Ltd to GeoPost S.
Unidas announced plans for a public offering. Unidas, the Brazilian car rental company, announced plans for a public offering. The company said that they plan to use the funds from the public offering to finance potential acquisitions.
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.
