London-based Quipper Inks $3.6M
London-based Quipper, maker of quiz applications, has raised £2.3m ($3.6m) in Series A funding. Investors include Atomico, Japanese venture firm Globis, and Japanese education and publishing company Benesse. Globis led the funding round. Quipper was formed in 2010. PRESS RELEASE Quipper, the e-learning start-up led by Masa Watanabe, a co-founder of Japanese mobile social gaming...
Alibaba in Talks to Raise $2.3B
Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., Reuters reported. Entrepreneur Jack Ma is buying back up to half of a 40% stake in his Alibaba Group from Yahoo for $7.1...
Alstin Backs Chinese E-Commerce Platform
Alstin, the investment company of German entrepreneur Carsten Maschmeyer has made an undisclosed single-digit million Euro investment into the Chinese E-commerce platform 88tc88. Alstin now holds a significant equity stake in the company which is headquartered in Berlin and Beijing. PRESS RELEASE ALSTIN, the investment company of German entrepreneur Carsten Maschmeyer makes a single-digit million...
Reuters – Nordic Capital Buys into Danish Sporting Goods
Private equity group Nordic Capital has bought Sport-Master, a Danish sporting goods chain, writes Reuters. No details were provided on the value of the deal. Reuters – Private equity group Nordic Capital said on Monday it has bought Sport-Master, Denmark’s largest sporting goods chain, continuing a string of recent deals in the region’s buoyant buyout...
ElexoPharm Bags Eurostars Grant
ElexoPharm, a German biotech company headquartered in Saarbrücken and founded as a spin-off of the Department of Pharmaceutical and Medicinal Chemistry of Saarland University headed by Professor Rolf Hartmann has secured a eurostars grant of 2.1 million euros ($2.7 million). The grant, which comes from the German Federal Ministry of Education and Research, will support...
Reuters – Bidders Unveiled for ING Asia
Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING‘s entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever, writes Reuters. US private equity fund J.C. Flowers & Co, TPG and Carlyle Group are among the buyout...
Reuters – Augere Set to Sell its Airwaves
Augere, which owns 4G broadband airwaves in one of India’s 22 telecoms zones, has stopped operational activities and is set to sell its airwaves due to regulatory uncertainties plaguing the sector, the Economic Times newspaper reported on Monday, writes Reuters. Augere, which also owns airwaves in Pakistan, Bangladesh, Uganda, Rwanda and Tanzania, named Harbinger Capital,...
Reuters – Wanda Acquires AMC Movies
Chinese conglomerate Dalian Wanda Group has agreed to buy movie chain AMC Entertainment for $2.6 billion, including debt, writes Reuters. AMC is owned by an investment group that includes Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital. Reuters – Chinese conglomerate Dalian Wanda Group agreed to buy AMC Entertainment for $2.6 billion, including debt,...
Reuters – CVC’s Formula One Starts Pre-Marketing for Singapore IPO
Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering, writes Reuters. Formula One, which holds 20 races around the world and has a more than 500 million television viewers, is controlled by private equity firm CVC Capital Partners, with a 63.4 percent stake. CVC plans to...
HealthEdge Backs LifeSync
HealthEdge Investment Fund II has acquired a majority interest in LifeSync Corporation, its first portfolio company. Headquartered in Ft. Lauderdale, Florida and founded in 2000, LifeSync is a manufacturer and distributor of patent-protected, disposable, wireless, radiolucent ECG devices that have applications in hospitals and other surgical facilities. PRESS RELEASE HealthEdge Investment Fund II, L.P. (“Fund...
Quipper Celebrates Series A
London-based Quipper, an e-learning start-up led by Masa Watanabe, a co-founder of Japanese mobile social gaming company DeNA, has raised 2.3 million pounds ($3.6 million) in a Series A funding round. The round has been financed by three investors including Atomico, a London-based international technology venture capital firm led by Skype co-founder Niklas Zennström; Globis,...
