Prospect Partners invests in Velocity Aerospace Group. A leading private equity firm focused on smaller lower to middle market companies, Prospect Partners, had announced that it has placed an investment with Velocity Aerospace Group Inc.
Sectors
Booker Raises US$27.5 million in Series B financing
Booker has raised US$27.5 million in series financing. The former GramercyOne firm now called Booker is the leading service management platform which helps small and medium sized multi-location enterprises that unifies operations into a single cloud based system.
Woodbridge Opens India Headquarters
Woodbridge opens its India office amidst its cross border successes. Woodbridge International, a middle-market merger and acquisition firm, has announced the opening of its Pune, India headquarters.
Atlantia's merger with Geminia creates savings
The merger created the largest European infrastructure group and the biggest savings on record for the companies.
Suntech to Sell Off Italian Assets and Shareholdings
Suntech, in a bid to trim its debt, it would be selling off its Italian assets and shareholdings. A company spokesman said that Suntech Power Holdings Co.
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Tengram Capital Partners has raised US$173 million in commitments, more than its original US$150 million target.
According to Meriton CEO, there have been offers to purchase part or all of the firm. Meriton Pty, the biggest apartment developer in Australia, has said that Canadian pension funds and investors from both the United Kingdom and China have shown interest in purchasing the company.
China conditionally approves Glencore-Xstrata merger. The merger plan of Glencore and Xstrata cleared its final hurdle when the Ministry of Commerce of China backed the deal's completion.
In a decision, Arcadia is shutting down operations in Dubai and Switzerland as well as a change in CEO.
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
Agila Biotech and Pfenex Inc enter into a joint venture for development of multiple sclerosis drug development.
Vintage Capital prices Anaren shares at US$23 per share in its purchase offer. Vintage Capital Group LLC, the investment firm has offered to purchase Anaren Inc for the price of US$23 per share.
Biosev SA, to ease concerns about Brazil's equity market, offers a money back guarantee for its IPO.
AMR Corp, the parent of American Airlines, is nearing bankruptcy exit and with that, merger of the two air carriers is near.
