Cinven, to refinance GBP 438 million buyout with debt

Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.


Zynga shares drop after abandonment of real-money gaming

Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.

CORRECTION: Oracle expects US$38.87 billion in revenues for fiscal year 2014

Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.

BEST Funds pours in CAD 4 million in Intelligent Mechatronic Systems R & D

Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.


Latest News

China Investment Corp. posted a 10.6% return on its overseas investments last year. China Investment Corp. , the country's sovereign wealth fund, posted a 10.
Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Smedvig Capital invested GBP 4 million into Kings Court Trust. Smedvig Capital, a private equity investor based in Mayfair, pumped in GBP 4 million into Kings Court Trust.
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
Repsol is considering to sell its 30% stake in Gas Natural Formosa worth Eur 4.5 billion but holds it off until deal with Shell is finalized.
Private Equity Headhunters now has a new Chief Technology Officer in Mr. Jaree Zafar. Mr. Jaree Zafar was appointed as the Chief Technology Officer of Private Equity Headhunters, a Texas-based firm that focuses on getting jobs for executives.
Pembina Pipeline Corp. has offered 10,000,000 cumulative redeemable rate reset class A preferred shares during a public offering, which raised US $250 million.
Oracle signed a contract with Microsoft to permit Java developers to make applications on Microsoft's servers.
The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.
Ciris Energy was able to close a total of USD 25 million from Asia Pacific Capital of Hong Kong in Series C funding.