Articles by VCPOST Staff Reporter


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Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
Foreign-exchange broker Forex Capital Markets (FXCM) said it was in talks with high-speed trader Infinium Capital Management to buy its assets. FXCM last year bought a $12 million note issued by the struggling high-speed trader.
Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.
South Dakota, US-based energy firm Black Hills Corp inked a deal to acquire gas utility MGTC's gas transmission and distribution utility assets in northeastern Wyoming in a deal valued at $6 million.
Private equity firm Hellman & Friedman is reportedly considering to sell Catalina Marketing Corp. in a deal that could fetch $2 billion to $2.5 billion. Catalina provides customer-driven marketing services to over 25,000 grocery, drug and department stores in the US.
Japanese trading house Marubeni Corp announced on Friday that it had bought a 100-megawatt (MW) gas power facility in Tokyo and is also planning to add further 200 MW of local capacity in 2016.
Philippine-based real estate firm Filinvest Land Inc bought an idle property in Ortigas Center, Pasig City, from state-run Government Service Insurance System in a deal valued at PHP771.5 million.
UK's Montagu Private Equity and Rexam have reportedly entered the advance stage of talks on the sale of the latter's healthcare packaging business. Rexam is selling its healthcare division in a deal that could value the asset at about £500 million.
Internet giant Yahoo was earlier reported to have bought San Francisco-based startup Aviate for an undisclosed amount, but now a source familiar with the deal revealed that the acquisition was valued at $80 million.
Private equity firm Blackstone Group and property developer Panchshil Realty have emerged frontrunners for buying Citibank's old headquarters in Mumbai, India. The Blackstone-Panchshil combine have jointly bid INR186 crore for Citigroup Center.
Illinois, US-based marketing technology company Ifbyphone raised $9 million in a Series D funding round led by growth equity firm River Cities Capital Funds to beef up its workforce.
Santander Consumer USA Holdings is seeking a valuation of as much as $8.4 billion in its initial public offering. The auto loan company owned by Spain's Banco Santander as well as private equity firms expects to raise $1.56 billion in the listing.
New Jersey, US-based business analytics firm raised $4.8 million in a funding round from Richard Braddock and Amarpreet Sawhney to create tools that help companies understand their customers.
Stockholm-based private equity firm EQT Partners intends to list British food outlet operator SSP on the London Stock Exchange in June this year. The food outlet operator could be worth £2 billion ($3.3 billion).
San Francisco, US-based big data firm Radius raised $13 million in a funding round led by Formation8 Partners to spot great leads and improve workflows for salespeople.
New York, US-based firm Apollo Global Management LLC announced on Thursday that it had raised $17.5 billion for the Apollo Investment Fund VIII, the largest private equity fund raised since the financial crisis.
Healogics Inc.,owned by private equity firm Metalmark Capital, is reportedly considering a sale that could value the wound care services provider at $1 billion. Goldman Sachs Group has been tapped to find a buyer.
Canada-based dairy firm Saputo Inc has again increased its stake in its takeover target, Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd, from 20.141% yesterday to 21.392%.
Utah-based online retailer Overstock.com struck a partnership with California-based bitcoin wallet Coinbase in a deal that made it the biggest online seller to embrace bitcoins as payment.
San Francisco, US-based social coding firm GitHub purchased web design startup Easel for an undisclosed amount, according to a blog published by GitHub earlier today.
England-based rigid plastic packaging products supplier RPC Group PLC has added Bosnia and Herzegovina-based injection molder Helioplast d.o.o. in a deal valued at £8.4 million ($13 million).
Tencent Holdings Ltd, the biggest Internet firm in Asia, invested an unconfirmed amount in China-based cab booking app Didi Taxi to promote its payment service to mobile web users.
Qihoo 360 Techology Co., China's second-largest search engine by users, on Thursday dismissed rumors that e-commerce major Alibaba Group Holding would pick up a stake in the company. Qihoo shares surged 9.3% on Wednesday on speculation the two companies were in talks over a deal.
Pharma giants Novartis International AG and Merck & Co. Inc. are reportedly negotiating an asset trade of about $5 billion each. Novartis wants to exchange its animal health and human vaccines businesses for Merck's over-the-counter health products unit.
Tech giant IBM Corp. said it will invest more than $1 billion to create the IBM Watson Group. The new business unit will enable IBM to get more revenue from the supercomputer system Watson.
China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.
McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.
New York, US-based small and medium business (SMB) capital provider CAN Capital scored $33 million in a funding round co-led by Meritech Capital Partners and Accel Partners.
Rolls-Royce Motor Cars Ltd., the world's second largest aircraft engine maker, is reportedly negotiating to buy the marine propulsion division of Finalnd-based power plant and ship engine maker Wartsila. Wartsila has previously refused other approaches for its marine unit.
Bank of China UK on Wednesday issued $413 million worth of yuan-denominated bonds in London, as China seeks to increase the international usage of its currency for trade and investment. Bank of China also said that the bond will list on London's bourse.
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