The Royalty Exchange was able to secure series A capital funding from Grotech Ventures worth US$2.1 million.
Investors
Lowth to Replace Jones as CFO of BG Group
Lowth, current CFO AstraZeneca, will leave this October to become the CFO and Executive Director of BG Group
Avis Budget buys Payless Car Rental for US$50 million in cash
Avis Budget Group Inc. bought Payless Car Rental for US$50 million in cash to increase its yearly generated income.
IM software startup gets boost from US $1.96-M seed fund
Mark43, founded by three students from Harvard, gets financial backing amounting to US $1.95 million.
uSamp gets US $15 million financing
The real-time insights provider seals a US $15 million funding after the close of a series D financing from two private equity firms.
Latest News
Tencent and other Internet company in China led the highest close of the telecommunication industry in Hang Seng index since 2004
The South African investment company bought 75% of Egoli Gas through a deal completed in April. South African investment company Reatile Group completed in April a deal to purchase 75% of Egoli Gas Ltd.
Nautic Partners LLC said that it partnered with the management of Applied Consultants Inc to purchase Applied Consultants, Inc.
Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC. Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC.
Focus Financial Partners stated that Centerbridge Partners agreed to invest US$216 million in a deal that was expected to close in third quarter.
Loblaw Cos Ltd. would buy Shoppers Drug Mart Corp for US$11.9 billion so that it could create a retail giant.
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
Altor was geared to acquire a majority stake in Rossignol Group that include Weber Investment and the Boix-Vives family.
India’s government chooses five banks to administer the sale of its stake in Indian Oil Corp. The Indian government chose five banks that include the local units of HSBC Holdings and Citigroup Inc to administer the sale of its 10% stake in Indian Oil Corp.
