Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.
Investors
Billabong Negotiations Extended
Billabong has sought extension of discussions with Sycamore Partners and its former director for the proposed takeover.
Clearwire Shareholder Meeting by May 21
Clearwire shareholders to meet and approve Sprint Nextel offer of US$2.97 per share. Clearwire Corp is scheduling a shareholder meeting on May 21 to obtain a decision regarding the offer made by Sprint-Nextel for US$2.
Google Purchases Wavii for its Consumer News Experience
Google purchases Wavii, a news summary app, to enhance its consumer news experience. Google Inc has announced the acquisition of Wavii, a start-up based out of Seattle that created a news summarization app for the price tag of US$30 million in cash.
New Carlyle Share Disposal in the Offering
For the second time in as many months, a major shareholder is selling off their stake in the buyout firm.
Latest News
Cervel Neurotech completes funding and raises US$14.1 million. Cervel Neurotech disclosed in an announcement today the completion of its funding round and its raising of US$14.
The Ugandan mobile telecommunications market grew smaller when Bharti Airtel, the second largest, acquired the third largest, Warid Telecom Uganda.
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Warburg Pincus invests an undisclosed amount in INEA of Poland for less than majority shareholdings.
The Costa Rican republic would issue two tranches of US dollar denominated bonds at US$500 million each.
PT Dyviacom Intrabumi is raising funds for expansion plans. PT Dyviacom Intrabumi, the Indonesian Internet service provider is aiming to raise 7 trillion rupiah or US$720.
IAG purchases Vueling at Eur9.25 per share totalling Eur123.5 million. The Spanish stock market authority announced last Tuesday that IAG airline had enough bid acceptances to gain control of the airline Vueling.
Rosneft CEO Sechin changes tact with Rosneft minority shareholders. The head of Russian top oil producer Rosneft, Igor Sechin announced last Tuesday he is reiterating his cooperation with the minority shareholders of TNK-BP Holding.
