Protective Life Corp (PLN) is set to acquire Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its life insurance policies portfolio.
Sectors
Nasdaq Cuts Greifeld's Bonus over Facebook IPO fiasco
Nasdaq OMX Group Inc's chief executive Robert Greifeld's 2012 annual bonus has been slashed over the mishandling of Facebook's Inc. initial public offering last year.
First Solar Purchases TeraSun
First Solar acquires TeraSun for an undisclosed amount. First Solar will be undertaking a new path in the silicon solar panel business with the acquisition of TetraSun, a start up based out of the Silicon Valley.
Hub International Up for Sale
Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
Ridgemont Equity Partners Grows First Fund
Ridgemont Equity Partners show growth at the time of scarce dollars for first time funds. Ridgemont Equity Partners, a private equity firm that came from Bank of America back in 2010, has recently announced that it has raised its first fund.
Latest News
Private equity firm Serent Capital has invested in Optimal Blue, a leading mortgage technology provider.
Three big venture firms may team up to provide funding for startups working with Google Glass, the hybrid eyeglasses and smartphone developed by Google.
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
Led by Norwest Venture Partners, iRhythm Technologies latest funding round was able to raise US$16 million.
India’s online retailer Snapdeal has raised funding estimated to be between $30 million and $50 million from eBay and Recuit Co of Japan.
Panviva Pty Ltd receives Aus$4 million from SBI Jefferies Asia Fund. Leading developer of software solutions for business processing guidance, Panviva Pty Ltd, announced that it was able to obtain equity financing worth Aus $4 Million in its Series B financing round from SBI Jefferies Asia Fund.
Agbiome LLC will use the raised funds from its Series A financing to finance its R&D and marketing activities.
Private equity form LDC sells kidsunlimited to Bright Horizons Family Solutions. A leading global provider of child care sponsored by employers has purchased kidsunlimited for the amount of GBP 45 million.
Cydan, through private equity placements, has unveiled its program of de-risking of drugs for therapeutic and commercial issues.
