Glendon Capital Management, a spinout by British bank Barclays, is expected to launch its first fund in the first half of next year. The new firm is reportedly looking to raise USD1 billion for its debut fund.
Sectors
Bridgepoint agrees to Cambridge Education deal
European private equity company Bridgepoint has agreed to acquire pre-university training firm Cambridge Education Group (CEG) from London-based investor Palamon Capital Partners for GBP185 million.
Australia's Westpac gets approval for Lloyds acquisition
Westpac Bank has received approval from the Australian Competition and Consumer Commission to purchase the Australian assets of Lloyd's Banking Group for USD1.45 billion.
German startup Wywy bags USD7 million in Series B funding for expansion
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
China's VC/PE market sees 1015 deals in Jan-Nov valued at $72.66B
China saw 1015 venture capital/private equity (VC/PE) investment deals clinched from January to November with a disclosed value of 72.66 billion US dollars
Latest News
California-based pharmaceutical company PaxVax Inc raised USD22 million in a Series B funding round for the late-stage trial of its single-dose oral cholera vaccine for travelers.
Private equity firm TDR Capital will sell half of its entire stake in insurance company Phoenix Group for about GBP127 million. TDR will sell 18 million shares out of its total 35.9 million shares in Phoenix.
A study by The Institute for College Access and Success found that America's class of 2012 graduated with an average of USD29,400 in student loan debt. Student debt levels, however, varies according to state and geographical regions.
Cambridge-based anti-obesity drug developer Zafgen Inc bagged another USD45 million in a Series E funding round today, bringing its total funding to date to USD114 million.
A report from Cushman & Wakefield revealed that the private equity industry is still optimistic on the Indian real estate market, with private equity deals in the sector increasing 26% in the first nine months of this year.
General Motors Corporation LLC is looking to put up for sale the last of its holdings in Ally Financial Inc. via a private placement. Ally, GM's financing arm, is reportedly eyeing an initial public offering.
Venture capital trust Time:Reboot VCT plans to raise around GBP20 million by the end of April 2014 to invest exclusively in firms run by UK military veterans.
A report from the Straits Times debunked the perception that Chinese firms were facing growing hurdles in the US, citing data that China's investments in the US had nearly tripled this year.
San Francisco-based business software manufacturer Intuit bought document hosting and sharing service Santa Monica-based Docstoc for an undisclosed amount to power up its small business division.
