Reuters News
The UK business of Indian tour operator Cox & Kings will receive $137.75 million in funds from a Citigroup venture capital arm to help it reduce debt, writes Reuters. Prometheon Holdings will use the capital to retire debt that it raised when it bought British specialist travel company Holidaybreak last July. Reuters – The UK […]
Brazilian online fashion retailer Dafiti said on Tuesday that it would receive $45 million from J.P. Morgan Asset Management in a cash-for-equity deal that underscores investors’ appetite for the country’s fast-growing Internet market, Reuters wrote Tuesday. The announcement comes less than a month after a fund launched by U.S. firms Redpoint Ventures and e.ventures raised […]
Investor HgCapital has sold British pharmaceutical company Mercury Pharma to private equity firm Cinven for 465 million pounds ($732 million), Reuters reported Friday. HgCapital bought the 25-year-old pharmaceutical firm, which sells niche prescription off-patent products in the UK, Ireland and the Netherlands, in 2009. (Reuters) – Investor HgCapital has sold British pharmaceutical company Mercury Pharma […]
Online real estate listing company Trulia Inc. has filed to raise up to $75 million in an initial public offering, according to a filing with the Securities and Exchange Commission. Reuters reported in July that Trulia had filed confidentially for an IPO, taking advantage of certain provisions of the Jumpstart Our Business Startups Act (JOBS […]
Fisker Automotive is looking to raise a big round to support its operations--at least it has some boldface names already using its hybrid cars.
Angie's List, Yelp, Facebook, Groupon, Zynga, Pandora--some of tech's hottest IPOs have disappointed investors deeply as of late, and it remains to be seen how it will impact the IPO market.
Groupon Inc.‘s latest financial results raise new questions about the daily deals company’s business model and whether Chief Executive Andrew Mason is the right person to fix it, Reuters reported Tuesday. Groupon’s shares slumped 27% to a record closing low on Tuesday and are down more than 70% since the company went public in November […]
Private equity investor Advent is considering buying a stake in German books-to-perfumes retailer Douglas, Reuters reported Tuesday. Advent has been in talks with Douglas for some time but no deal is imminent, Reuters reported. (Reuters) – Private equity investor Advent is considering buying a stake in German books-to-perfumes retailer Douglas, several people familiar with […]
Crowdfunding successfully has granted a select few entrepreneurs access to capital when they needed it most. Now, many of them will need tax advice next.
The private equity arm of Goldman Sachs and American venture capital fund New Enterprise Associates jointly invested about $54 million in an Indian healthcare firm, in a long-term bet on growing healthcare spending in the country. Goldman Sachs will invest about $40 million in Nova Medical Centers, while NEA, which had previously invested in the […]