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India's Videocon Industries is looking to sell a 25% stake in its direct-to-home broadcast services business for roughly $75 million to $100 million. The company has hired UBS to help it find an investor, and is reportedly in talks with private equity firms, Reuters wrote Friday. Potential investors include ICICI Venture.
Great Atlantic & Pacific Tea Co., once the Unites States’ largest supermarket owner, has lined up $490 million in financing for its plans to emerge from bankruptcy as a private company, Reuters reported Friday. The debt and equity financing will come from Yucaipa Cos, an investment vehicle of billionaire Ron Burkle; Goldman Sachs Asset Management; and Mount Kellett Capital Management.
Silicon Valley Bank has named Robert Curley managing director and sector head for software in its corporate finance group. He worked previously as senior vice president and managing director of MMV Financial in Palo Alto, Calif.
A House of Representatives panel voted on Thursday to subpoena the White House for emails and other documents related to a $535 million loan to Solyndra, the solar panel maker that went bankrupt and was raided by the FBI, Reuters reported. The subcommittee vote in the Republican-controlled House means the White House -- unless it invokes executive privilege -- may be asked to release a broad range of emails, including any received about Solyndra on President Barack Obama's personal Blackberry, Reuters wrote.
Great Point Partners, a Greenwich, Conn.-based firm focused on the healthcare investments, has put an undisclosed amount into Aris Teleradiology. Hudson, Ohio-based Aris was formed in 2007 and provides radiology services to hospitals, imaging centers, and radiology groups. Terms of the deal were not released.
The Gores Group, via its Gore Logistics Holdings LLC, has acquired supply chain company Clark Holdings, the company announced. The deal closed on November 4. Gores Group is a private equity firm with offices in Los Angeles and Boulder, Colo.
Mandarin Capital Partners is planning to launch a 1 billion euro ($1.4 billion) fund next year to meet the rising demand for overseas acquisitions by Chinese firms, Reuters reported Friday. The firm launched its first fund in 2007. Mandarin Capital's first fund, backed by two Chinese policy banks -- China Development Bank and the Export-Import Bank of China -- and Italy's Intesa Sanpanlo, will be fully invested by the end of April next year, Reuters wrote.
Zoosk, the social dating site, has acquired Woo Media Inc., an interactive video platform with websites including WooMe.com, Shufflepeople.com and Monsterchat.com. Financial details of the acquisition were not released. Founded in 2007, Woo Media had raised venture financing from investors including Atomico Investments, Index Ventures and Mangrove Capital Partners.
Billionaire investor Carl Icahn has increased his stake in WebMD Health Corp., Reuters reported Thursday. In a regulatory filing, the fund-manager revealed a stake of 9.49% in the company, up nearly 1.5 percent points, from the shareholding he declared on Oct 21, Reuters wrote. Icahn's stake now is the largest single position in the company.
J.C. Flowers & Co. is set to reap a 2.5-times return on its investment in Encore Capital Group Inc., Reuters reported Thursday. Encore, which buys bad consumer debt and then tries to recover the money, said on Thursday it priced an underwritten public offering of 3.61 million shares by J.C. Flowers at $24.35 per share. J.C. Flowers originally bought into Encore in May 2007 at $9.75 per share for a total of $52.9 million, Reuters wrote.