Cloud service provider LendPro received backing from the Center for Innovative Technology. The Center for Innovative Technology announced today that its subsidiary CIT GAP Funds made an investment in LendPro.
Investors
Heliae Newest Funding Round Raises US$28.4 Million
Heliae raise US$28.4 million from current and new investors to promote algae-based specialty merchandises.
Swedish-backed fund targets the Philippines
A US$120 million fund was put up by Swedish firm Brummer and Partners and 20 other investors. A private equity fund targeting Philippine firms worth PHP5 billion or US$120 million was launched today.
CIT provides funding again for Garrison Investment Group worth US$42 Million
CIT Group Inc served as Lead Arranger in US$42 million worth financing for Garrison Investment Group.
Indian finance minister woos US top execs
India's Union Minister of Finance P. Chidambaram went on a four day trip to sell India's investment market.
Latest News
Braded Kelly was named by Health Evolution Partners as its new Investment Partner. Healthcare private equity firm Health Evolution Partners announced today that Braden Kelly will serve as its new Investment Partner.
Genesys' Sonar Merger Sub completed an offer to acquire SoundBite. Sonar Merger Sub Inc's tender offer to acquire all outstanding shares of common stock of SoundBite Communications, Inc.
Dawn Capital II Fund raised GBP63 million. Dawn Capital raised GBP63 million for the first close of its Dawn Capital II fund. Contributions for the fund came from the UK Future Technologies Fund, the European Investment Fund, and the likes.
The Homes and Communities Agency of the UK invested on a local Isle of Wight harbor project. The Homes and Communities Agency, a United Kingdom government institution, made an investment in Cowes Harbor worth more than GBP3 million.
The President of Cyprus announced several new rules giving investors new incentives. In a statement released today, the President of the Republic of Cyprus announced that more incentives will be given to investors who wish to take a chance on the Cypriot market.
To prevent a market collapse, India needs more equity investments according to top analyst Prahbat Awashti.
The continued weakening of the rupee and the Federal Reserve's stimulus policy prompted a massive Indian market exit from investors.
Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.
TPG announced its plan to acquire the parent company of Envision Pharmaceutical. Private equity firm TPG announced on Monday that it planned to acquire the parent company of Envision Pharmaceutical Services.
