India-focused private equity firm Jacob Ballas has invested $38 million in Marg Karaikal Port. India-focused private equity firm Jacob Ballas, backed by New York Life International, has invested $38 million in Marg Karaikal Port, a unit of MARG Ltd , for a minority stake, the south Indian infrastructure firm said on Wednesday.
Telecommunications
GM to Use AT&T Wireless Service for 2015 Car Models
General Motors has agreed to use AT&T wireless service for its 2015 auto models, ending service from Verizon.
Angel Telecom Acquires Vivaro Corp
Angel Telecom saves Vivaro from bankruptcy. In an announcement, Angel Telecom Corp said that on February 8, Next Angel LLC would come to fore. Next Angel LLC is a joint venture between Angel and Next Communications Inc and Marcatel Telecommunications LLC.
Alvarion Sells Division to Telrad
Alvarion sells carrier licensed division to rival Telrad. Alvarion has recently entered into an agreement with Telrad networks for the acquisition of Alvarion's carrier licensed division.
Netia of Poland Plans Buyback
Netia to buyback shares of stock in 2013. Netia, Poland's second largest telecommunications group is considering the implementation of a share buyback programme totaling 128 million zlotys or about US$41.
Latest News
Online language live tutoring company TutorGroup has raised US$15 million in growth financing from Qiming Venture Partners. This investment will fund the rapid expansion and broad delivery of TutorGroup services throughout China.
Pacific Equity Partners (PEP) has sweetened its takeover offer for Spotless Group (SPT.AX), bringing the deal value above the A$743 million ($765 million) that the Australian business services company has been seeking, two sources with knowledge of the deal told Reuters.
Private equity firm CVC Capital Partners Ltd will buy a majority stake in AlixPartners LLP as the restructuring and consulting firm looks to develop its services and expand geographically.
This increase in funding limit allows CRS to take advantage of opportunities in the market place for both organic and external growth
PineBridge is proud to join forces with Integer.pl, led by its founder Rafal Brzoska, to provide growth equity for the regional development of this very successful Polish company.
Financing for roads and highways is likely to attract a growing number of public-private partnerships once Congress passes federal transportation funding, a panel of experts at a Federal Association of Municipal Analysts conference in Las Vegas said on Friday.
