Cincinnati-based Fort Washington Capital has launched two new funds. Fort Washington Capital Partners Group, a private equity fund manager based in Cincinnati, had submitted its plan to launch two fresh investment funds that should raise a combined valuation around $150 million.
Investors
Fancy Raises US$53 Million for International Expansion
Fancy raised US$53 million for international expansion of its current social commerce platform. The social commerce platform Fancy raised US$53 million, according to Bloomberg.
CVC Capital Partners Ltd. Cancels 2.5 billion Fund
CVC Capital had announced that it is dropping its EUR2.5 billion fund after difficulties. One of Europe's biggest private-equity firms, CVC Capital Partners Ltd.
Welsh, Carson, Anderson & Stowe Acquires Service Repair Solutions
Welsh, Carson, Anderson & Stowe announced today that it has agreed to buy Service Repair Solutions which is backed by private equity firm, Warburg Pincus.
WCAS Buys Service Repair Solutions from Warburg Pincus
Welsh, Carson, Anderson & Stowe, a private equity firm announced that they will be acquiring Service Repair Solutions from Warburg Pincus.
Latest News
Most bankers experienced roadblocks in selling covered bonds as investors like Pacific Investment Management Co said that debts from fledging markets have drove them away.
YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.
Aeroflot entered an agreement with the Manchester United Football Club as the official carrier for the team
Seculert's anti-malware technology raised US$10M from series B round. Seculert conducted a Series B round and raised funds amounting to US$10 million.
Equifax acquired TrustedID for about US$30 million. Equifax, a credit company, bought TrustedID for an estimated US$30 million. TrustedID merged with the Personal Solutions division of Equifax.
RWE AG is expected to get rid of Gazprom oil price deals after arbitration. RWE AG previously said to get rid of a link in oil prices with gas supply contracts, contracts that have cost Germany's second-largest utility hundreds of millions of euros, they must win an arbitration against Russia's OAO Gazprom.
Company moguls converge at the Sun Valley Conference Deal makers meet up at the Allen & Co's Sun Valley conference to lay groundwork for more deals and acquisitions.
OGX in talks to sell its oil license stakes to avoid running out of cash OGX Petroleo & Gas Participacoes (OGXP3) in talks regarding sale of stakes in crude oil block licenses that owned by OGX.
Bumi reported they are close to a US$508 million Bakrie exit deal. Bumi, a large Indonesian coal company at the heart of an ownership row, is nearing a US$508 million agreement that will have the Bakrie family exit from their investment in the company, sources who have knowledge of the deal have said.
