Food and healthy lifestyle startup ALOHA was backed by over USD4 million in seed capital for the launching of the company's core nutritional supplement products.
United States
Private equity-backed Endeavor Energy, Joule Africa to construct USD500 million power project
Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD100 million funding from private equity firm Denham Capital.
Burger King, Everstone Group ink joint venture partnership in India
Burger King Worldwide said that it has inked a joint venture partnership with South Asian private equity firm Everstone Group to bring the hamburger restaurant chain in India.
Lone Star Funds acquires 23 buildings from State Farm Mutual Automobile Insurance Co
John Grayken's private equity company Lone Star Funds had bought 23 buildings from State Farm Mutual Automobile Insurance Co. Lone Star would be leasing the properties back to the insurer.
Jostens to acquire rival American Achievement
Minneapolis-based commemorative paraphernalia retailer Jostens gave its approval on the company's acquisition of rival American Achievement Group in a deal that was valued at USD500 million, according to a source familiar with the matter.
Latest News
Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Salesforce.com Inc said acquisitions help increase the company's sales in the third quarter. Salesforce posted third quarter revenues of USD 1.08 billion, which represented a 35% increase compared to figures from the previous year.
Indian textile company Arvind Mills Ltd. would reportedly acquire a 49% stake in designer jeans brand Calvin Klein in India. As a result of the possible deal, Arvind would be inducted as Phillips-Van Heusen's new joint venture partner in the fashion house.
Canada-based finance company FinanceIt raised USD13 million in a Series A funding round to be used for the expansion of its services to the United States.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.
