Five Arrows Credit Solutions of Rothschild has concluded its first closure. In an announcement, Rothschild disclosed that its merchant banking arm, Five Arrows Credit Solutions, has concluded its primary closing with the estimated commitment of EUR235 million or US$302.
Sectors
US$4.4M for StepLeader
StepLeader raises US$4.4 million in the recently concluded capital infusion round. Based in Raleigh, North Carolina, the leading developer of mobile application for local media, StepLeader Inc, announced that it was able to raise US$4.
VERSUS IO Concludes Series A
Versus IO concludes Series A financing round for a total of US$1 million. The world's most stylish product comparison program, VERSUS IO, disclosed today that it has concluded its Series A growth financial round which was headed by Earlybird Venture Capital.
Glencore-Xstrata Merger not between Equals
The mining industry's largest merger started off with the unceremonous removal of the Xstrata board by Glencore shareholders.
US$20M Secured by Kite Pharma at Conclusion of Series A Preferred Stocks Transfer
Kite Pharma secures US$20M and converts existing promissory notes into Series A preferred stock. Kite Pharma Inc. disclosed today in an announcement that it secured a US$20 million private placement of its Series A preferred stock.
Latest News
The Philippines' DOTC approves seven bidders for Metro Cebu airport project. The government of the Republic of the Philippines have released a list of approved and qualified builders for a US$430 million airport project.
EE joint owners France Telecom and Deutsche Telekom to undertake IPOs of shares. In an announcement, Deutsche Telekom AG said it has valued its joint venture with France Telecom, EE, at GBP10 billion or US$15.
NBGI Private Equity signs Tim Kelly as its second board member for its Senior Industry Advisory Board.
HgCapital pulls toymaker Schleich out of the market. HgCapital. the European equity group, has halted the sale of German toy company Schleich. Schleich manufactures miniature animal figures and popular blue toys called Smurf.
Apple Inc has been dumped by many investment fund management firms. Apple Inc, once the apple of the eye of many hedge funds has recently been dropped by some named hedge fund managers in the first quarter of 2013.
Apptio, the startup firm that helps companies navigate cloud computing, has increased in value as well as investments into its business model.
Royal KPN NV sells off shares for IPO. Dutch telecommunications giant Royal KPN NV has raised Eur2. 92 billion or US$3. 78 billion in share sale proceeds as investors bought 97.
OAO MegaFon issues dividend to shareholders. The second largest Russian mobile operator in terms of revenue, OAO MegaFon, has surpassed its larger competitor OAO Mobile Telesystems in terms of market value after it had pledged to pay out US$1.
Bilfinger SE set to purchase Siemens water business. The second largest construction company in Germany, Bilfinger SE, is now contemplating a bid for the water technologies business being offered for sale by Siemens AG.
