Sprouts Farmers supported by Apollo through IPO According to a Reuters news report, organic grocer Sprouts Farmers Markets LLC is financially supported by Apollo Global Management LLC, a private equity firm.
Investors
Bill for Venture Capital Money Passed
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
US$5 Million Credit Facility for Augme from Silicon Valley Bank
Augme Tech gets loan facility from Silicon Valley Bank. Augme Technologies, Inc together with its fully owned subsidiary, Hipcricket, Inc divulged to the public last Friday that it was able to get a credit facility on its accounts receivable from the Silicon Valley Bank.
Hess Splits CEO and Chairman Seat
Hess, in a move to address criticisms, splits the position of CEO from Chairman. In a bold move, Hess Corp would be splitting the roles of chairman and chief executive officer in its annual shareholders meeting next week.
Swatch appoints Nayla Hayek to head Harry Winston
Harry Winston is now a Swatch unit to be headed by Nayla Hayek, daughter of Swatch group founder Nicolas Hayek.
Latest News
Lloyds pay back Eur3.5 billion of LTRO received from ECB. Lloyds Banking Group had announced that by next week, it would be paying the remaining Eur3. 5 billion or US$4.
In a watershed moment, Warburg Pincus raises US$11.2 billion. One of the largest private equity funds raised since the 2007 crisis has been put together by Warburg Pincus LLC.
Greece is again selling a three month treasury bill to pay off a previous issue. Greece will commence the auction of Eur1. 0 billion or US$1. 29 billion treasury bills with a term of three months from issue.
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Vitol, in a move to boost profits, purchases the Immingham power plant. The world's biggest oil trader, Vitol, has entered into an agreement to purchase the largest and most modern power plants in Britain.
Taobao.com and Tmail.com are seeking partners as it dominates markets in China among others. The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.
Alibaba Group has purchased 28% of AutoNavi Holdings Ltd for US$294 million. China's largest e commerce company, the Alibaba Group has purchased a 28% share in AutoNavi Holdings Ltd, the digital mapping company.
Icahn and Southeastern Asset Management sent a letter to indicate interest in bidding for the world's third largest PC maker.
Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.
