Cathay Fortune offered cash bid with the condition that equity fundraising efforts be halted. Cathay Fortune Corp has proposed a new bid for Discovery Metals on the condition that Discovery stops its plans to raise funds through equity sales.

Deutsche Bank and Mainfirst would conduct pre-IPO private placement sales of Evonik shares. Deutsche Bank and Mainfirst, two major investment banks are in the process of placing up to 2% of the shares in Evonik, the Germany based chemical company.

Argos Soditic acquires Natural Distribution for an undisclosed amount. Argos Soditic, an independent European private equity group with offices in Geneva, Paris and Milan, disclosed to the public that it acquired the National Distribution Group.

The Silicon Valley Venture Capitalist Confidence Index rose from 2012, indicating improved market opportunities for the year.

Funding for Genticel's HPV raises Eur18.2 million. Genticel, a biopharmaceutical company that develops original vaccines for patients who are contaminated with the human papillomavirus, announced today that it was able to secure Eur18.

Volometrix Concludes Series A Financing totalling US$3.3 million with US$1.6 million coming from Shasta Ventures.

Eniro AB share values increased significantly after it was able to renegotiate its three billion kronor deal.

Telekom Srbijia AD is not for sale as there is no policy set by the Serbian government. The state run Telekom Srbijia AD is not under any immediate plans to be sold off by the Serbian government.

IFC has forged a US$50 million credit facility for Acme Solar Energy projects. The World Bank's private sector finance arm, the International Finance Corp, has plans to loan as much as US$50 million to an Indian solar power developer in order to finance the building and operation of key power projects.

ICE's acquisition of NYSE Euronext would be reviewed by the EU competition regulator. The US$8. 2 billion purchase by Intercontinental Exchange of NYSE Euronext would be examined by European Union antitrust regulators.

Altor sells Euro Cater to consortium led by Intermediate Capital Group Plc. Altor, the private equity firm from Sweden said that it has entered into an agreement to sell its shareholdings in Euro Cater, the food services company from Denmark.

Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.

AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.

Jet Airways sells off minority shares to Etihad to a reported US$379 million. Jet Airways of India would be selling its minority shareholdings to Etihad Airways for the price of US$379 million.

In a proof of expansion, OPKO Health has acquired Prolor Biotech reportedly for US$480 million. OPKO Health Inc has announced that it would purchasing Prolor Biotech Inc, the biopharmaceutical ecompany from Israel through an all-stock deal that is estimated to be worth US$480 million.

Singapore Airlines increases shareholdings from 10% to 19.9% worth Aus$123 million. Singapore Airlines Ltd has increased its shareholdings in Virgin Australia Holdings Ltd from 10% to 19.

Etisalat joins the Maroc Telecom shares race with an expression of interest. The Emirates Telecommunications Corp or ETISALAT has expressed interest in acquiring the 53% shareholdings of Vivendi SA in Maroc Telecom.

Kier Group Plc acquires May Gurney for an estimated GBP221 million. The UK company instrumental in the completion of the Channel Tunnel rail link, Kier Group Plc, has entered into an agreement to purchase May Gurney Integrated Services Plc.

GDC Technology to issue an IPO worth US$100 million in the United States, the biggest for a Chinese firm in the past two years.

PPR SA purchase Pomellato for an undisclosed amount. The French owner of Gucci and Puma SE, PPR SA has recently announced it would be purchasing a majority stake in Pomellato of Italy from RA.

VTB, Russia's second largest bank is undertaking an IPO worth nearly 100 billion roubles. Russia's second largest financial institution, VTB, is now undertaking plans to meet potential investors from all over the world in preparation for the issuance of new shares.

KazMunaiGas are preparing two tranches of Eurobond issues each with a nominal value of US$200 million.

Billabong has sought extension of discussions with Sycamore Partners and its former director for the proposed takeover.

Clearwire shareholders to meet and approve Sprint Nextel offer of US$2.97 per share. Clearwire Corp is scheduling a shareholder meeting on May 21 to obtain a decision regarding the offer made by Sprint-Nextel for US$2.

Google purchases Wavii, a news summary app, to enhance its consumer news experience. Google Inc has announced the acquisition of Wavii, a start-up based out of Seattle that created a news summarization app for the price tag of US$30 million in cash.

For the second time in as many months, a major shareholder is selling off their stake in the buyout firm.

Sura and Bank of Nova Scotia shelled out US$258 million each to acquire BBVA Horizonte of Peru. The financial conglomerate Sura of Colombia together with the Bank of Nova Scotia had announced the purchase of BBVA Horizonte, the Peruvian pension fund.

GroundMetrics was able to raise US$1.5 million in second round of financing. The second round of financial infusion of GroundMetrics was very successful.

Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.

Cervel Neurotech completes funding and raises US$14.1 million. Cervel Neurotech disclosed in an announcement today the completion of its funding round and its raising of US$14.