British biotechnology startup QuantuMDx turned to crowdfunding platform Indiegogo to raise funds for the development and commercialization of a hand-held device that can diagnose malaria rapidly.
Sectors
Mega buyout funds rake in the most money--Preqin
Of all the capital raised for private equity buyout funds last year, half of it went to the biggest funds, according to data published on Friday by London-based research firm Preqin.
Software - the new battleground for carmakers
The new Mercedes-Benz C-Class has cameras that can read road signs and sensors to judge distance to the car in front, but is not yet able to make full use of the hardware.
US private equity firm Pharos adds health services provider Seaside Healthcare to its portfolio
Dallas-based private equity firm Pharos Capital Group LLC added Shreveport-based behavioral health services provider Seaside Healthcare Inc for an undisclosed sum in a partnership with Pharos' founder.
Kellogg to invest $130M in Malaysia plant, eyes Asia-Pacific expansion
Michigan, US-based multinational food manufacturing firm Kellogg Company is pouring in $130 million (MYR428.2 million) in a new manufacturing plant in Malaysia to expand in the Asia-Pacific region.
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Colorado, US-based cloud provider Peak (formerly PeakColo) raised $4 million in a new funding round from existing investors Sweetwater Capital and Meritage Funds, according to company press release.
Many large US retailers on Thursday dialed back their earnings forecasts because of steep discounts they offered during the holidays. Discounts boosted overall industry sales but hurt profits at many retail chains.
New York fashion company Fifth & Pacific Cos. on Thursday changed its name to Kate Spade & Co. to reflect the company's new, singular focus. The apparel maker also announced on the same day that its chief executive William McComb will be replaced by Kate Spade CEO Craig Leavitt.
Deutsche Bank has acquired the WestendDuo office tower in Frankfurt from CBRE Global Investors for about €240 million. The German lender also bought an office-development project in Paris, called In Situ, for around €104 million.
Joseph Dear, the Chief Investment Officer of Calpers, the largest public pension plan in the US, has taken a medical leave to continue his personal health treatments, Bloomberg reported.
Nomura Holdings Inc, through Nomura Asset Management, will be purchasing ING Securities Investment & Trust Co, the Taiwanese investment unit of Dutch company ING Groep NV, Bloomberg reported.
Gemany-based eHealth solutions provider CompuGroup Medical AG said it has inked an agreement to acquire France-based software maker Imagine Editions and Imagine Assistance for an undisclosed amount.
Private equity firm CVC Capital Partners will invest over $200 million for a stake in Chinese education company EIC Group. CVC will buy the stake from rival investment firm Actis Capital.
LQ Inversiones Financieras, Banco de Chile's majority shareholder, will sell up to 6.9 billion shares equivalent to $963 million. The exit deal would reduce LQ's stake in the Chilean lender from 58.4% to 51%.
