Denise Nappier, Connecticut's state treasurer, is considering to make a USD125 million investment in Apollo Global Management's Fund VIII. Fund VIII has already raised more than its USD12 billion target.
North America
Apollo completes acquisition of MidCap
Maryland-based health care lender MidCap Financial LLC was acquired by an entity managed by alternative asset manager Apollo Global Management LLC for an undisclosed amount.
Hunt completes merger with Centerline Holding Company
Texas-based national developer and investor Hunt Companies Inc announced the successful acquisition of Centerline Holding Company in a deal that increased Hunt's assets in management to USD24.8 billion.
Bonfyre secures USD 1.7 million from MKTG INC, angels
MKTG INC and angel investors provided USD 1.7 in investment capital to Bonfyre, an application that enables brands and organizations to link with their audiences via private, experience-based micro social networks.
Runa Capital, Almaz Capital lead USD 10 million Series C round for Acumatica
Acumatica, cloud-based Enterprise Resource Planning solutions provider based in Kirkland, Washington, raised USD 10 million for its Series C funding round led by Runa Capital and Almaz Capital.
Latest News
Canadian private equity firm Fairfax Holdings Ltd. said that it would acquire a controlling stake in Keg Restaurants Ltd. Keg president and chief executive officer David Aisenstat will retain a minority stake of 49%.
CareFusion Corp's acquisition of Vital Signs from GE Healthcare was considered strategic as the former aimed to expand its anesthesiology and respiratory care business while saving up to USD15 million in annual costs.
An analyst said that the involvement of Bitcoin in the Silk Road online marketplace scandal provided enough boost for the digital currency to receive support from the market, and even US government agencies, as an accepted investment and payment technology solution.
A Reuters report cautioned the risks involved in investing in activist funds like Pershing Square Capital Management because just as it can earn high returns, it could also result to massive losses.
When companies see activist investors as a threat before, a Reuters article said companies are now treating these types of investors as a catalyst for corporate change.
Although taking different approaches, investors Bill Ackman and Bruce Berkowitz were attempting to salvage securities acquired before the US housing crisis with a combined value of more than USD100 billion, said a Bloomberg report.
An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.
Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.
Oracle Corp made an announcement on its website via a redirect from Bitzer Mobile's site link that it had acquired the startup at an undisclosed amount to expand its business in the bring your own device (BYOD) market.
