Boston-based private equity firm Mansa Capital Management was able to get additional funding worth USD 15 million for its initial healthcare fund, bringing to USD 50 million in total funds.
North America
Blackstone eyes more real estate acquisitions in Asia
Blackstone Group, the largest real estate private equity firm, recently said that it targets more real estate acquisitions in Asia. It has invested USD3 billion in the region since making its first deal in 2007.
PayPal invests in California gifting service Loop Commerce
California-based gifting service Loop Commerce has added a PayPal investment to its previously closed Series A round, increasing the round's total funding from USD7 million to USD12 million.
Canada's Cardinal Energy IPO raises C$225M
Canada-based oil producer Cardinal Energy Ltd gathered CAD 225 million for its initial public offering, the biggest IPO in the country since Oryx Petroleum Corp raised CAD 250.5 million in May, a Bloomberg report said.
Extole secures $5M in funds for product development, adds veterans to team
Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.
Latest News
American venture capital firm Sequoia Capital has invested USD33 million in California-based stealth networking startup vIPtela to develop its technology for virtualization of whole networks.
Private equity firm Leonard Green & Partners has agreed to purchase Los Angeles-based jeans retailer Lucky Brand Jeans from Fifth & Pacific Companies Inc for USD225 million.
Bain Capital, the U.S. private equity firm, has bought a majority stake in Canada Goose Inc, a family-owned company which had been seeking an investor to help it meet demand for its high-end cold-weather gear.
Monsanto Company and Novozymes A/S formed a strategic cooperation called "The BioAg Alliance" in order to capitalize each other's capabilities in microbial technologies and commercial markets.
PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
Bart Chilton, member of the Commodity Futures Trading Commission, said the Volcker rule on proprietary trades will most likely take in effect before 2015, as said in a Reuters report.
Head William Dean Chapman Reston of Virginia-based firm Alexander Capital Markets was found guilty of defrauding its investors including US Representative Alan Grayson of more than USD35 million in a loan scheme, Reuters said in a report.
Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.
Major banks on Wall Street are extremely anxious about the threat of the final deliberations of the Volcker rule, of which its provisions regarding the definition and exemption of market-making is set to be deliberated soon.
