Spire Capital would be selling Just Marketing International to Chime Communications in deal worth USD 76 million.
Private Equity
Zoomingo receives USD 1.25 million from existing investors
Existing investors pledged USD 1.25 million for Zoomingo's shopping application. Zoomingo was able to raise USD 1. 25 million for its shopping and deal finding application.
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.
Brentwood Associates affiliate acquires Allen Edmonds Corp.
The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
Midatech raises GBP10 million through funding round
Midatech's unique biocompatible gold-nanoparticles raised GBP10 million from investors. One of the global leaders in nanomedicine design, synthesis and manufacturing, Midatech Ltd, announced the completion of the issuance of its new equity.
Latest News
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
Clothing company Joules scored a GBP 22 million investment from private equity company Lloyds Development Capital.
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
BlackBerry Interim CEO John Chen stressed his experience to be able to turn around the firm. in light of the pull out of Fairfax Financial Holdings and the removal of their CEO, BlackBerry did damage control in appointing John Chen as its interim CEO and executive chairman.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Nokia Oyj extends its existing patent agreement with the largest mobile phone maker Samsung Electronics Co.
The bid by Deutsche Wohnen AG for GSW Immobilien AG had reached 78.6% of total shareholdings. The offer made by Deutsche Wohnen AG for the purchase of residential landlord GSW Immobilien AG is considered as the largest real estate acquisition in Germany in the past five years.
As mobile demand increases, so does data storage requirements so Google is now expanding its data centers in the Nordic region.
PurThread Technologies, a textile company which had pioneered the technology to reduce bacteria in textile fibers, received over USD7 million in funding led by board chairman Richard Bodman.
