Cambridge Innovation Capital (CIC) launched a GBP50 million fund to place investments in help the development of ideas of companies and startups, said a TechCruch report.
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Catapult Group formed from consortium of funds and groups of companies
The Catapult Group provides service and administrative support for contract affiliates. The most recent fund of the Natural Gas Partners, NGP Natural Resources X LP as well as NGP Energy Technology Partners LP had pledged significant capital commitments in order to establish the Catapult Group.
KIK Custom purchases consumer products business of Chemtura Corp.
The price of USD315 million is what KIK Customs paid for Chemtura Corp's consumer product business.
Seed funding raised for Newsela
Newsela received seed funding from New Schools Venture Fund and Kapor Capital worth USD1.2 million. Newsela is an online platform which helps students master reading and critical thinking.
Wells Fargo announces profit increase
Wells Fargo & Co's profits increased however its mortgage banking income had fell, said a Reuters report.
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Stonegate Mortgage Corp raised USD 114 million in funds in its New York IPO. Stonegate Mortgage Corp was able to raise USD 114 million in its initial public offering in New York.
Payment processing company Dwolla told its customers through an email statement it would no longer accept Bitcoin currency starting the end of this month.
In its second largest acquisition in the past six months, KKR had acquired 30% of India's Gland Pharma for USD150 million.
Mitsubishi UFJ Trust and Banking Corp announced the completion of its acquisition of Butterfield Fulcrum Group, now known as Mitsubishi UFJ Fund Services.
Victory Park Capital sold its portfolio company Ascent Aviation Services Corp to LongueVue Capital Partners.
Technology giant would be making a USD 103 million investment in Silver Ridge Power's Mount Signal Solar project.
Samsung Electronics Co Ltd issued a statement to deny reports of its acquisition of Fingerprint Cards AB for USD650 million.
Users of Apple Inc's iPhone 5S displayed a blue screen of death initially thought to be only available on Microsoft Corp's Windows.
A total of USD237.1 million was given to Rostelecom by Deutsche Bank and Russian Direct Investment Fund for over 72 million Rostelecom ordinary shares.
