KKR & Co. and TPG may have to rely on US$1.48 billion junior bonds to offset failing TXU investment.
North America
VeloCity Venture Fund awards US$100,000 across four venture firms
University of Waterloo's VeloCity Venture Fund had awarded US$100,000 in funding across four venture firms.
Lewis and Roca to merge with 110-year-old Denver law firm
The planned merging of law firms Lewis and Roca LLP and Rothgerber could give Denver-based Rothgerber the stronger presence it needs.
Healthcare investments in Cleveland reached US$80 million in the first half of 2013
A report revealed that healthcare investments to Cleveland in the fist half of 2013 was US$80 million, down from the US$104 million in the same period last year.
Wells Fargo announces that it is exiting its joint venture brokerage units
Wells Fargo revealed that it is exiting its mortgage joint ventures in accordance to new regulations.
Latest News
XL Group and Stone Point Capital joins forces and resources for new investment management unit. XL Group and Stone Point Capital LLC announced the finalization of their new Bermuda-based investment management company for insurance-linked securities and other reinsurance capital market products on Thursday.
Catbird and Medina Capital announced that the private equity firm had invested US$10 million into the Catbird.
Librato concludes Series A funding round with US$3.8 million. San Francisco-based Librato, which provides cloud-based monitoring services for operations and development units, reported a US$3.
Alco Store and Argonne Capital Group revealed that the private equity firm have offered to acquire the retail chain company for US$47 million.
Rapid Pathogen Screening revealed that it had collected US$6.25 million from Mallitz Investment Group.
Distressed debt investor, Oaktree Capital Group said that they hired Goldman Sachs Group to look for a buyer for Tekni-Plex.
KKR & Co names former Prudential Plc unit head Martin Moore as senior adviser. Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement.
IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
