Cooley LLP announced today that Divakar Gupta has joined the firm as a partner in its business department. He will be a member of Cooley's capital markets practice group, based in New York.
North America
Paycom Software files for IPO
Paycom Software has started the ball rolling in its plans to go public by filing an S-1 form with the US Securities and Exchange Commission, VentureBeat reported.
Apple enhances Loyalty Program with deeper discounts, more items
Apple's Loyalty Program for its bulk-buying clients have just been made better with deeper discounts and the addition of iPhones and Apple TV, TechCrunch reported.
Moody's warns activist hedge funds make corporate bond ownership riskier
With activist hedge funds increasing their campaigns, credit rating agency Moody's cautioned that their increasing power has just added more risk to owning corporate bonds, the Financial Times reported.
Principal Global Investors plans to purchase emerging markets- and real estate-focused boutique asset management firms
Jim McCaughan, the Chief Executive Officer of Principal Global Investors, told Reuters in an interview that his company is seeking to buy boutique asset managers.
Latest News
Arthur Ventures gave a $1 million investment for the seed funding round of Drifty, a startup that provides tools that allows mobile developers to develop apps and websites, TechCrunch reported.
Arsenal Capital Partners, a private equity firm based in New York, has acquired Midland, Texas-based oilfield chemicals provider Kel-Tech Inc for an undisclosed amount, a statement about the funding said.
Bacterin International Holdings Inc has secured $4 million more in funding from OrbiMed and will be issuing 1.5 million shares of common stock to the investment firm as part of the deal, a statement about the funding said.
CloudBilt, Resident Research and SalesReach Software obtained a combined $1 million growth financing from Lighter Capital, a provider of revenue-based financing, a statement about the funding said.
Pineridge Bakery is being sold by its private equity owner Swander Pace Capital to Swiss food firm ARYZTA AG for $340 million, a statement about the deal said.
Svelte Medical Sytems, a maker of balloon expandable stents based in New Providence, New Jersey, has obtained a $5 million equity investment from the Gary and Mary West Health Investment Fund.
An unnamed Washington, DC-based angel investment group supported Ohio-based mobile health application service provider iRxReminder with a $250,000 investment for its seed round, a statement about the financing said.
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
The console market is apparently facing a substantial decline based on North American console sales from January 2007 and that of January 2014, TechCrunch reported.
