Australia-based taxi app ingogo has raised an additional AUD3.4 million in venture capital funding and expressed plans for a 2014 listing on the Australian Securities Exchange (ASX).
Tags: US
China Everbright Bank raises $2.6B in Hong Kong IPO
Chinese lender China Everbright Co raised $2.6 billion in its third attempt at a Hong Kong initial public offering (IPO) of 5.08 billion shares priced at HK$3.98 apiece.
KKR, Goldman exit stake in US retailer Dollar General for $252M
KKR & Co and the private equity arm of Goldman Sachs Group Inc quietly exited their investment in US discount retailer Dollar General Corp on Wednesday in a stock sale valued at $252 million.
Jacobs completes merger with Sydney-based Sinclair Knight Merz
US-based professional technical services provider Jacobs Engineering Group Inc announced the completion of its merger with Australia-based firm Sinclair Knight Merz in a deal valued at AU$1.3 billion.
Golden Tree ups stake in Canada's Postmedia
US-based hedge fund Golden Tree Asset Management LP increased its stake in English-language daily newspaper publisher Postmedia Network Canada to 39% in a deal valued at $1.6 million.
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Despite the discount of costs to run hedge funds in the Asian-Pacific region, Citigroup Inc's recent survey revealed that not all hedge funds in the region are successes in expanding its assets and achieving profitability.
San Francisco-based real estate firm BRE Properties Inc is discussing a USD4.5-billion buyout offer by Essex Property Trust Inc, a deal that could expand the latter's portfolio in California.
Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.
Palo Alto, California-based digital magazine service Flipboard has confirmed with VentureBeat that it is raising a further USD50 million as the second half of its third funding round.
Hong Kong-based private equity firm Gaw Capital Partners is set to purchase minority stakes in four commercial property acquisitions in the UK and the US, in a deal with a total value of USD1 billion.
2013 Nobel Prize winner and University of Chicago Professor Eugene Fama told Reuters that the world's economy is in danger of a potential global recession next year due to the high debts incurred by governments in the US and Europe.
Iceland-based global biosimilar company Alvotech announced plans to invest USD250 million to develop and manufacture biopharmaceutical products in partnership with its independent sister company Alvogen.
Bank of America Merrill Lynch has dropped its offer to advise Turkey's Aselsan on a planned secondary listing. The Turkish defense contractor recently closed a deal with a Chinese firm under US sanctions.
New York-based private equity firm Odyssey Investment Partners is reportedly looking to sell its portfolio company Wencor Group. Wencor manufactures aircraft parts and is based in Springville, Utah.
