The move of former Shenzhen Development Bank Chairman Xiao Suining to a private equity company was not very common among top Chinese bankers, according to a report from the South China Morning Post.
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Biotech venture capital firms invest USD43 million in Series A funding in Editas Medicine
A consortium of venture capitalists had helped Editas Medicine raised USD43 million in Series A financing to create medicine designed to eradicate gene abnormalities.
7Digital nears deal of UBC Media Group takeover
Online music platform company 7Digital is close to signing a deal to buy out UBC Media Group. The takeover deal will provide a London listing for 7Digital in place of UBC. Should it be successful, the float could give 7Digital a valuation of about GBP50 million.
Report says Yahoo's push to hire Katie Couric signals increased efforts to turn company around
A Bloomberg report said the move to get former CBS anchor Katie Couric to join the team at Yahoo! Inc was an accelerated effort of Chief Executive Officer Marissa Mayer's efforts to reinvigorate the tech giant's business.
UK's Poundland to raise GBP200 million to GBP300 million in London listing next year
British discount chain Poundland is preparing for a London listing that could give it a valuation of up to GBP800 million. US-based private equity firm Warburg Pincus, which controls Poundland, is looking to raise GBP200 million to GBP300 million in the initial public offering.
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The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.
A study conducted by researchers at the University of British Columbia's Sauder School of Business showed that the more women are on a company's corporate board, the lesser the chance the company would be entering into risky deals.
Malaysia's Seven Convenience Bhd. has postponed its planned initial public offering until March next year. The 7-Eleven convenience store chain, which filed for an IPO in September, is expected to sell 530.3 million shares in Bursa Malaysia.
Despite receiving backlash from short sellers who claimed that they misstate their assets, there is no stopping to Chinese companies who pursued initial public offerings in the US.
James Rosenwald III's Dalton Greater China Fund has outperformed peers with a 25% return this year. This was according to an investor newsletter seen by Bloomberg.
HarbourVest Partners and Dubai-based private equity firm Lagoon Capital have teamed up to scout for secondary market private equity deals in the Middle East and North Africa.
Japan's Fast Retailing Co. is planning a secondary public offering in the Hong Kong Stock Exchange next year. If successful, the Tokyo-listed retail holding company would become the third Japanese company to list in Hong Kong.
American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Veenome Inc, an Arlington, VA-based platform that translates video into data, has announced that it had secured USD 1 million in funding. The funding will be used to expand their team, which has been lean so far and at the same time, will be used to expand its business.
