Venture Capital

Serent Capital agrees to invest in Optimal Blue. Serent Capital has invested in leading mortgage technology provider, Optimal Blue. Serent Capital is a leading San Francisco-based private equity firm that focuses on investing with high growth and profitable companies.

Manulife purchased Kowloon East Building for HK$4.5 billion. Manulife Financial Corp has inked a deal to pay the second highest price on record for an office tower in Hong Kong.

CEO Franco Bernabe would most likely be given permission to conduct exploratory talks on a merger between Telecom Italia and Hutchison Whampoa.

New terms have been added to sweeten the MetroPCS-T Mobile deal. In a bid to woo investors to vote for the merger, Deutsche Telekom had reduced the level of the merged company's debt for the proposed T-Mobile USA and MetroPCS merger.

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Indian private equity investments decreased by a quarter in Q1 2013, according to the latest Quarterly Deal Report of VCCEdge.

Private equity firm Carlyle Group is the new owner of Central Plaza, an office building in Shanghai, China, acquiring it for $267 million from Forterra Trust, a Singapore-listed real estate fund.

ParElastic raises an additional US$5.7 million in additional funding. ParElastic Corporation, the purveyors of cloud data management business, announced today that they were able to obtain an additional $5.

First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.

SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.

Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.

The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.

MMC London Fund established for GBP11 million for specific areas of development. MMC Ventures recently lands a tender to launch the MMC London Fund. The fund is worth GBP11 million or US$16.

Brightstone Venture Capital raises funds for Mobile Realty Apps. Brightstone Venture Capital has been in the business of investments in the past three decades with interests in over eighty Minnesota enterprises.

Nakumatt Holdings MD Atul Shah said the retailer is now open for investors and expansion in East Africa.