Madison Dearborn Partners is leading a group that includes CoVant and an investor group run by Joseph M. Kampf that is buying LGS Innovations from Alcatel-Lucent for $200 million, The Washington Post reported.
Regions
Nidec Sankyo acquires Mitsubishi Materials CMI unit in Japan
Japanese electric motors manufacturer Nidec Sankyo Corp completed the purchase of Mitsubishi Materials CMI Corp for an undisclosed sum, according to an announcement made by Nidec Corp.
Indian tech incubator BitChemy invests $6M in three startups -report
Hyderabad, India-based tech incubator BitChemy Ventures poured in $6 million in three startups - 3LOQ Labs, Cafyne Inc, and Altiux Innovations, according to a report.
Investment banks offer avoidance advice, as activist investors amass wealth for efforts
With activist investors amassing wealth because of their campaigns, investment banks are now providing clients investment advice that would enable companies to anticipate and foil the efforts of activist investors, Bloomberg reported.
Clinton endorses controversial private equity-backed for-profit higher education chain- report
Former President of the United States Bill Clinton is the Honorary Chancellor of a controversial private equity-backed Laureate Education Inc, a for-profit company, Bloomberg reported.
Latest News
United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
For mobile game developers like Glu Mobile and Mind Pirate, the next big thing in consumer technology is wearable devices like Google Glass and Samsung Galaxy Gear watch, a Reuters report said.
Poland-based digital cable firm Multimedia Polska bought cable operator Telektronik from Reda for an undisclosed amount, making way for the addition of new services to its current portfolio.
The creator of the Cash Management Account which drove Merrill Lynch & Co to become a full-service financial provider passed away after years of battling Alzheimer's disease.
Private equity funds Carlyle Group LP and KKR & Co are in discussion to purchase troubled Brazil-based medical services provider Fleury SA in a deal worth BRL2.9 billion ($1.2 billion), according to three sources familiar with the matter.
Privately-held developer of Advanced Driver Assistance Systems Mobileye partnered with Israel-based Accel Telecom Ltd for the integration of its Collision avoidance system with Accel's VOYAGER connected car smartphone.
Tech giant Google has purchased Timely, the alarm clock app created by BitSpin, for an undisclosed sum, making all its versions including the upgraded one, completely free.
US-based social games maker Zynga is testing Bitcoin payments for in-game purchases in some of its popular titles including FarmVille 2 and ChefVille, and has partnered with BitPay to handle the transactions.
Data from TrimTabs Investment Research showed that US-listed bond mutual funds and exchange traded funds or ETFs posted outflows of $34 billion in December, Reuters reported.
