RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
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Vista Equity Partners closes USD1.1 billion small-cap fund
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
Warburg Pincus dealmaker Kewsong Lee is now Carlyle's Deputy Chief Investment Officer
Carlyle Group hired weteran buyout Warburg Pincus executive Kewsong Lee to be its Deputy Chief Investment Officer.
Financial advisers make use of social media for business
Social media is utilized by financial advisers to connect with managers and prospective clients. In a report by Zurich Financial Services Australia, the number of financial advisers using social media has increased.
SAC pleads guilty – pays USD1.2 billion in penalty
SAC Capital pleaded guilty to five counts of criminal charges amounting to USD1.2 billion in penalty.
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MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Viva Industrials Trust had not done well in its share sale, according to Businessweek. A report by Businessweek said Singapore business and real estate trust (REIT) had opened poorly in the Singaporean stock exchange.
Nine Entertainment Co's upcoming IPO could put the company's value at over AUD2.77 million.
Owners of over USD2 billion artwork to be sold in auction houses like Christie's included hedge-fund billionaire Steven A. Cohen.
Florida-based retailer Edwin Watts Golf Shops LLC filed for bankruptcy protection in Delaware. U. S. golf retailer Edwin Watts Golf Shops LLC had filed for Chapter 11 bankruptcy protection.
A CNBC report said that SAC Capital Advisors would plead guilty to securities fraud charges and pay a fine of USD 1.8 billion.
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co. Private equity company Blackstone Group said it would be purchasing a 40% stake in SCP Co, a China-based shopping mall owner.
A group of technology companies including Microsoft and Apple claimed Google had infringed one of their patents it had obtained by bankrupt mobile company Nortel.
