Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
Investors
Two Buyout Firms in the Running for BMC Software
The group led by Thoma Bravo goes up against Bain-Golden State Capital for final bids for BMC Software.
Sinclair Acquires Fisher Communications
Sinclair offers US $41 per share for Fisher Communications. Sinclair Broadcast Group Inc. has announced its intention to purchase Fisher Communications for the price of US $373 million in order to expand its operations in the United States.
Eurozones finance ministers to discuss Cyprus bailout
Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Investors’ Rush into Stocks propels stock rally
Investors continue to rush into U.S. stocks, pouring in more than $60 billion into mutual funds and ETFs.
Latest News
Ridgemont Equity Partners show growth at the time of scarce dollars for first time funds. Ridgemont Equity Partners, a private equity firm that came from Bank of America back in 2010, has recently announced that it has raised its first fund.
Scandlines owners Allianz Capital Partners is preparing for the sale of the ferry group. A number of banks are now consolidating debt packages amounting to Eur 1 billion or US $1.
Protective Life Corp (PLN) is set to acquire Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its life insurance policies portfolio.
Private equity firm Serent Capital has invested in Optimal Blue, a leading mortgage technology provider.
Three big venture firms may team up to provide funding for startups working with Google Glass, the hybrid eyeglasses and smartphone developed by Google.
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
Led by Norwest Venture Partners, iRhythm Technologies latest funding round was able to raise US$16 million.
India’s online retailer Snapdeal has raised funding estimated to be between $30 million and $50 million from eBay and Recuit Co of Japan.
Panviva Pty Ltd receives Aus$4 million from SBI Jefferies Asia Fund. Leading developer of software solutions for business processing guidance, Panviva Pty Ltd, announced that it was able to obtain equity financing worth Aus $4 Million in its Series B financing round from SBI Jefferies Asia Fund.
