Angela Sormani
Canada’s Valeant Pharmaceuticals International has agreed to buy Australia’s iNova Pharmaceuticals for A$625 million ($623 million) upfront, writes Reuters. The deal marks an exit for private equity firms Archer Capital and Ironbridge. Valeant said the deal includes an additional A$75 million in potential milestone payments based on the success of pipeline activities, writes Reuters. This […]
US listed software company iGate said on Wednesday it plans to delist shares of its Indian unit Patni Computer Systems to obtain full ownership of the company and intends to fund the acquisition of the shares through debt, Reuters writes. IGate, through two of its subsidiaries, plans to delist Patni’s shares from India’s Bombay Stock […]
British life insurer Phoenix Group Holdings said it was considering potential takeover offers, including one from buyout firm CVC, after an approach from rival Resolution Ltd failed, Reuters reports. CVC, which owns home, motor and travel insurer Acromas, and last year joined forces with rival Apollo to buy non-life insurer Brit, was not immediately available […]
Chinese animal feed producer New Hope Group plans to set up a $200 million overseas fund that counts Singapore’s sovereign wealth fund Temasek among its key investors, Reuters reports. New Hope Vice President Wang Hang said the fund would mainly invest in businesses related to food security, food safety and farm technology, according to Reuters. […]
Hony Capital is aiming to raise up to $2.6 billion in a new private equity fund, Reuters reports. The fund looks set to be the biggest ever dollar raising for a China-based fund, said Reuters. PRESS RELEASE (Reuters) – Hony Capital is aiming to raise up to $2.6 billion in a new private equity fund, […]
Maybank is to launch a US$500 million (RM1.568 billion) private equity fund, the first private equity fund backed by a South East Asian bank dedicated to clean and renewable energy in Asia. The fund will focus on power generation infrastructure projects using renewable sources and will have a first close of US$87.5million, of which Maybank […]
Neste Jacobs and GE Healthcare, the healthcare business of General Electric have formed a strategic alliance to assist countries worldwide to become self-sufficient in the manufacture of blood plasma products. The alliance will combine GE Healthcare’s expertise in bioprocessing for plasma fractionation with Neste Jacobs’s global bio-engineering and construction capabilities. PRESS RELEASE Neste Jacobs and […]
Wyse Technology, a cloud client computing company, has acquired venture-backed cloud-based mobile infrastructure management company Trellia. Skypoint Capital and BDR Capital were two of Trellia’s previous backers. PRESS RELEASE Wyse Technology, the global leader in cloud client computing, today announced it acquired Trellia, a leader in cloud-based mobile infrastructure management. The Trellia solution suite provides […]
Mobile app innovator HotelTonight has secured a $9 million series B investment. The funding round was led by Battery Ventures with additional funding from Accel Partners and First Round Capital. Accel Partners will assume a seat on the board and Dave Morin will join as an advisor. PRESS RELEASE HotelTonight, the mobile app innovator that […]
The management of Seitz Corporation and principals of private investment and management firm Andlinger & Company have acquired the business. Financial details of the transaction were not disclosed. The acquisition was supported by a senior loan facility from Berkshire Bank and mezzanine capital from Stonehenge Growth Capital and CMS Mezzanine Fund. PRESS RELEASE The management […]