PowerbyProxi raises new funds to expand its wireless power technology. Reuters reported that PowerbyProxi was able to raise an additional US$5 million of funding previously reported in VentureBeat.
Sectors
TerraSim Acquired by Riverside
TerraSim is acquired by Riverside. Pittsburgh, Pennsylvania-based TerraSim, has been acquired by The Riverside Company. TerraSim has been added to Riverside's platform of Bohemia Interactive Simulations.
Additional Funding for Allecra Therapeutics
Allecra Therapeutics raise new funding. Edmond de Rothschild Investment Partners disclosed to the public the primary investment of BioDiscovery 4 through its participation in the Series A financing round of Allerca Therapeutics.
SolarWorld Seeking to Strike a Deal with its Creditors
SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
Tele2 Seeking New Acquisitions
Tele2 is exploring acquisitions in Europe and Eurasia. Tele2, the Swedish telecommunications firm after its recent Russian exit, is now in search of acquisitions located in Europe and Eurasia.
Latest News
Clairevest Group and its affiliate partners have invested in County Waste of Virginia. It was announced that Clairevest Group Inc. (Clairevest), Clairevest Equity Partners IV-A Limited Partnership and Clairevest Equity Partners IV Limited Partnership put together US$15 million to invest into Virginia's County Waste.
KKR acquires luxury RTW retailer SCMP Group. The private equity firm Kohlberg Kravis Roberts & Co with its afflilates has signed an agreement to purchase a majority shareholder's stake in SMCP Group.
Votorantim Cimentos, the cement manufacturer would establish an IPO through Brazilian and American depositary receipts listed at the NYSE.
GMR Airports of India is setting up an IPO of shares for expansion and exit purposes. GMR Airports, the largest airport developer in India will be selling shares through an initial public offering in an effort to raise Rs 2,000 crore for two purposes.
Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
According to Paul Flynn, new CEO of Whitehaven Coal the shares of embattled tycoon Nathan Tinkler remains put in the company.
Hulu again engages the services of Guggenheim Partners for the possible sale of the online video streaming service site.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
