UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
Venture Capital
Sovereign wealth fund from Saudi Arabia along with Korean firm to establish venture firm in West Africa
The Islamic Corporation for the Development of the Private Sector and Kolon Group from South Korea has signed an agreement to invest in a pharmaceutical plant in Côte d'Ivoire.
Kinderhook’s portfolio company CRA merges with CCD
Kinderhook Industries announced its acquisition of Comprehensive Clinical Development but no financial details were disclosed.
World Bank Group member IFC invests US $50 mln in Mexico-based trust
IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.
Microsoft Ventures taps Berlin startup community
Microsoft Ventures opened in Berlin. Berlin was considered by investors as a startup haven, home to a booming startup scene due to an influx of large companies pouring investments.
Latest News
ADNOC announced that they are halfway through their US$40 billion investment plan. Abu Dhabi National Oil Co. (ADNOC) said that they are halfway through plans for the company's US$40 billion investment plan.
PricewaterhouseCoopers reported that Florida received around US$156 million across 14 venture capital deals in the second quarter.
PetroEdge secures US $100 million funding from Post Oak Energy Capital in partnership with Goldman Sachs.
Crowdly received $1.2M seed funding from Launchpad Venture Group, New York Angels, Laconia Ventures, and other institutional investors.
US President Barack Obama congratulated the royal family of Britain after Kate Middleton's successful delivery of the third in line to the British throne.
Search engine giant Google Inc entered an agreement with Himax Technologies Inc which resulted to a 34% boost in the Taiwanese company' stocks.
High-tech firms in Israel raise US $493 million in venture capital during the second quarter. The Israel Venture Capital (IVC) Research Center announced that Israeli high-tech firms were able to rake in US $493 million in venture capital during the second quarter.
The Alaska Permanent Fund Corporation committed to invest in funds managed by the Carlyle Group. The Alaska Permanent Fund Corporation agreed to invest US$750 million in funds handled by the Carlyle Group.
Spanish investors have given recruitment firm jobandtalent a fresh round of funding worth 2.5 million euros.
