The country's largest Italian ice franchise appoints Michael Lorelli as the new executive chairman of the board.

Citi Commercial Bank along with City Microfinance shelled out US $2 million in financing in favor of social enterprise Kickstart International.

Germany-based kfW announced its acquisition of a 30% share in Invest India. German company KfW acquired a 30% stake in Invest India Micro Pension Services for US $3.

Liberty Global increases its stake in Dutch cable operator Ziggo to 28.5% US cable company Liberty Global augmented its stake to 28. 5% in Ziggo, a Dutch cable operator, a Reuters report said.

Canyon Catalyst Fund and Pacshore Partners team up to purchase a Play Vista property worth US$36.2 million.

Eyeglass lens maker Essilor is set to pay US$1.73 billion for PPG's 51% stake in Transitions Optical.

Venture capital firm Mercia Fund Management gives a GBP 150,000 funding to startup biotech company Oxford Genetics.

Today, Michael Baker Corporation announced commencing into a definitive acquisition agreement with Integrated Mission Solutions, LLC priced at US$40.50 per share piece.

Pexco LLC announced its acquisition of Scandia Plastics Inc, its first addition to its portfolio after being acquired by Odyssey Investment Partners LLC in August last year.

Abraaj Group sells its 50% stake in health insurance provider Acıbadem Sağlık ve Hayat Sigorta. The Abraaj Group on Monday announced that it is selling its stake in Acıbadem Sağlık ve Hayat Sigorta A.

The EU Commission gave clearance to the ADM-GrainCorp acquisition deal following approval from six government agencies.

Today, EMCOR Group Inc announced its completed acquisition of RepconStrickland in a deal valued at USD455 million in cash.

The American Airlines and US Airways US$1 billion merger is set to be finalized before the end of August 2013.

ReVision gets US $55 million in equity financing, which will be used to enhance the company’s expansion efforts outside North America.

Secured investors of failed New Zealand-based company LDC Finance will be getting their money back plus interest following the settlement reached with Finance & Investments Partnership.

Michael Dell said yesterday that there will be no more increase in the buyout offer he and Silver Lake has for Dell Inc.

China Molybdenum acquired Rio Tinto’s stake in a New South Wales mining project for US $820 million.

SeekCapital invests in Textbookrental's seed round funding, the proceeds of which will be used for business expansion.

Carlyle Group-backed OzForex is set to pursue AUD$500 million initial public offering for 2013. Global payments provider OzForex acquired the services of Goldman Sachs Group Inc.

The supervisory board at Siemens AG asked to oust its current CEO after failing to meet the 12% profit margin goal of the company.

TrueAbility, a Texas startup company, gets US $2 million seed capital in a financing round led by Austin Ventures together with Cloud Power Seed Fund.

Lending firm AG Finance is set to pursue an initial public offering this July 30 for PHP 2.18 per share of its common stocks.

Lincoln International extends its territory to Italy after it acquired Rondelli Advisers for an undisclosed amount.

Prima Reinsurance Plc planned to get around USD4 million through an initial public offering to be listed on the Lusaka Stock Exchange.

Lazy Dog Restaurant & Bar becomes the newest recipient of Brentwood Associates’ investment but financial details of the deal were not revealed.

City Loan, a Larsen MacColl’s portfolio company, secures a loan facility worth US $30 million from Comvest Partners.

Many hedge funds raised their bets on the increase of gold prices, yet Goldman Sachs Group expected a reverse on the gold rally to occur.

aTyr Pharma secured US $49 million equity financing from new and existing investors. California-based aTyr Pharma said it closed US $49 million in equity financing, which will be used to finance clinical trials to address rare autoimmune diseases.

Telegraph Hill Partners raised USD 310 million in capital commitments for their new fund. Telegraph Hill Partners (THP) garnered capital commitments worth USD 310 million to finance the THP III.

The financial industry is close to overtaking the tech industry according to the latest quarter reports, analysts said.