Solvay forms a JV with peer INEOS as preparation for its exit from the business. Solvay, the plastic and chemicals manufacturer from Belgium is seeking an exit from its European PVC business through the formation of a jount venture with INEOS.
Venture Capital
Ouya Obtains US$15 million in venture financing
Ouya console gaming gets a boost with US$15 million from venture capitalists. The maker of a US$99 video game console that utilizes Google Inc's Android operating system, Ouya Inc has raised US$15 million in venture capitalist funding in expanding its operations.
Oaktree German Office to Merge with Competitor Prime Office
Oaktree is in discussion with the merger of its real estate unit with Prime Office, its competitor. Reuters reported that private equity investor, Oaktree Capital, is in discussion to merge the real estate unit of its German office with its competitor Prime Office.
TrialReach Funding Led by Octopus
Octopus leads funding round for TrialReach totalling GBP2 million. In an announcement today by Octopus, it disclosed that it headed the growth finances round of TrialReach by GBP2 million.
Consulting Firms Put Together by Alacrita
Canopus and Transentia joined by Alacrita to form a new company. The consulting firm on transatlantic life science, Alacrita combined the expertise of two consulting firms on life science performance and named Dr.
Latest News
CMIA to invest in China agricultural businesses and industries through its US$150 million fund. Former bankers at Cargill Inc and HSBC Holdings are now running CMIA Capital Partners Pte.
A small number of Verizon Communications shareholders are willing to pay up to 30% premium for Vodafone shares.
Li Ka-shing invests in a center for medical data analaysis and processing in Oxford University. The richest man in Asia, Li Ka-shing is investing in a new research center located at Oxford University.
ArcView Investor Network nets US$1 million commitments. At a press conference held last Monday in Seattle, ArcView Investor Network disclosed to attendees a number of its initial external angel investments in the newly legalized marijuana industry.
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
Merck and Pfizer announce deal for the inclusion of ertugliflozin into current diabetes drug portfolios of the companies.
Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.
AutoInfo Inc merges with AutoInfo Holdings Inc. AutoInfo has announced the completion of its merger with Comvest Investment Partners IV LP subsidiary AutoInfo Holdings.
Sumitomo Corp pulls out of JV Agreement and purchase sale of coal mining tenements. In disappointing move, Sumitomo Corp has pulled out of a coal exploration partnership with Aquila Resources.
