Nokia ventures into digital products with deal to buy health tracking firm Withings for $191m


Finnish mobile network equipment maker Nokia said on Tuesday it had struck a deal to buy France’s Withings S.A. for 170 million euros ($191 million) in its first move into the market for digital products that monitor health. Withings‘ products include activity trackers, weighing scales, thermometers, blood pressure monitors and… Read more »

LaSalle seeks up to $386m for Australia hotel, retail asset

LaSalle Investment Management Inc. is seeking as much as A$500 million ($386 million) for a hotel and retail complex in Melbourne, Australia’s second-biggest city.

Choppy markets push KKR into quarterly loss, undeployed capital soars to $35b

The ballooning pile of unused funds at KKR underlines a trend in the U.S. buyout sector, where difficult market conditions have not slowed fundraising as investors continue to hand over money in the hope of making outsized returns.

Google Glass-based startup Augmedix raises $17m led by Redmile Group

Augmedix Inc, a startup that uses Alphabet Inc’s Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million funding round led by investment firm Redmile Group.

Gannett offers $815m for Tribune Publishing

Gannett Co., publisher of USA Today, made an unsolicited bid for Tribune Publishing Co., owner of the Los Angeles Times and Chicago Tribune, in a deal valued at $815 million. Gannett offered $12.25 in cash per Tribune share, a 63 percent premium to Tribune’s closing price on April 22, according to… Read more »

Less than 5 per cent of Aramco to be sold: Saudi deputy crown prince

Saudi Arabia plans to sell less than 5 percent of its state oil giant Saudi Aramco via an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman said in a television interview on Monday. He also said he expected Aramco to be valued at more than $2 trillion, and that… Read more »

Australia: Bradken’s board blocks CHAMP’s bid to increase stake, appoint new chairman

CHAMP had made an unsolicited recapitalization bid, which involved two share placements worth $150 million. If that were allowed, CHAMP would have ended up owning 49.9 per cent of Bradken.

Sirin Labs raises $72m from Moshe Hogeg, Kenges Rakishev, and China’s Renren

Israel-based ultra-secure smartphone maker company Sirin Labs has raised $72 million in a seed round from Moshe Hogeg and Kenges Rakishev, both co-founders of Singulariteam, a private VC fund, as well as Chinese social networking service Renren

New Zealand Superannuation Fund divests interests in 3 offshore funds

NZ Super Fund has divested its interests in three overseas private equity funds, in a deal whose financial terms are undisclosed.

People Dealbook: KIC, Cathay Life hire Sangjoon Kim, Daniel Balmisse as new COOs

Investment firms Korea Investment Corp (KIC) and Cathay Capital Private Equity recently had their new chief operating officers (COO).