Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
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TRAFI raises USD500,000 in seed fund, boards former Nokia Maps chief
TRAFI, a Lithuanian Journey planner startup, received a USD500,000 in investment capital from Practica Capital to expand into key markets unexplored by big players like Google Maps.
Tokyo Electric receives reprieve from debt through roll overs
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
CIC launches new long-term financing fund
Cambridge Innovation Capital (CIC) launched a GBP50 million fund to place investments in help the development of ideas of companies and startups, said a TechCruch report.
Flurry of retail buyouts, mergers seen amid hedge fund closures
Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.
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Biotech startups in the UK got a much-needed capital boost, thanks to Invesco Fund Managers Ltd's USD51 billion purse.
The Guardian said the British government might increase the 30% Royal Mail share allocation it would be selling to small and public investors.
New venture fund Flint Capital announced that it had invested an undisclosed amount in Russian task assignment platform startup Youdo.com.
In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.
OpenGate Capital, LLC got support from Backbone Capital Advisors, a financial advisory services firm, to follow through the completion of its buyout of PennySaver USA.
Private equity firm Inflexion bought On The Beach for GBP 73 million from Isis Equity Partners. UK-based private equity firm Inflexion purchased online travel agent On The Beach for GBP 73 million or USD 11.
Two sources told Bloomberg that private equity firm Apollo Global Management LLC was contemplating on raising its new fund limit.
Sources told Reuters that Silver Lake and TPG Capital LP, owners of hardware and software giant Avaya Inc, were contemplating on a sale of the company after plans for a public listing fizzled out.
MongoDB announced that it was able to score USD 150 million in financing from various investors. Data management firm MongoDB said it was able to raise USD 150 million in capital commitments from its latest financing round.
