Mexican broadcaster TV Azteca purchased financially troubled soccer club Atlas on Monday in an acquisition deal valued at USD50 million, according to the club's president.
Sectors
Carlyle to Buy Investor in Hedge Funds
US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.
Littlejohn & Co to acquire e-commerce company Newgistics
Connecticut-based private equity firm Littlejohn & Co. was said to be buying e-commerce company Newgistics Inc. The deal will be financed by Littlejohn's Fund IV, which has a capital commitment of USD1.3 billion.
Mylan, two Indian firms race to buy Bafna Pharma
US-based generic drug manufacturer Mylan and two Indian pharmaceutical firms are in talks to buy Chennai-based Bafna Pharmaceuticals for an undisclosed amount, according to two sources familiar with the transaction.
Tel Aviv University's Ramot closes USD17 million for breakthrough technologies fund
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
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Boulder, Colorado-based tech startup Revolv raised USD4 million in a funding round led by The Foundry Group to add support for more devices and hire more employees.
Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, according to a Mining Markets article.
Swiss lender UBS said it will be offering to repurchase some of the shares of its Puerto Rico bond funds. The buyback program came as the commonwealth's debt lost 16% this year.
French investment firm Wendel and Nordic Capital are the remaining bidders for Germany's medical patch maker LTS Lohmann. The acquisition deal could bring in EUR1.2 billion to the company owned by Novartis, BWK and German tycoon Dietmar Hopp.
In its first acquisition, US-based journalism startup Byliner purchased mobile developer Seesaw Decisions for an undisclosed amount, but has not yet confirmed its plan for Seesaw.
Sydney-based property trust Westfield Group and London-based property developer Hammerson obtained preliminary approval from the local government council of Croydon to rebuild a shopping center in South London.
Singapore's DBS Group Holdings, Credit Suisse, and ABN AMRO are among the shortlisted suitors that have placed their final round bids for Societe Generale's Asian private bank.
The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.
For Indian investors comfortable with the risks of investing in small and mid-cap stocks, a report from The Economic Times gives reasons why now would be a good time to invest in this segment.
