Relativity Capital and Riveria Investment Group have invested in Jessica's. Financial terms weren't announced. Vernon, Calif.-based Jessica's distributes branded apparel to the offprice market. Creo Capital Advisors provided financial advice to Jessica's.
Private equity firm KKR will appoint DS Brar as a senior advisor. Brar will join the firm in Mumbai, where he will work with KKR on current and prospective investments with the firm. Brar serves on the Boards of MphasiS Limited - a subsidiary of Hewlett Packard, Maruti Suzuki India Limited and Moksha8. He is also Special Advisor to the Board of Directors of Adamas Pharmaceuticals Inc. and a Consultant to Teva Pharmaceuticals.
Dynamic Offshore Resources Inc, a private oil and gas company, filed with regulators to raise up to $400 million in an initial public offering of its common stock. The company received backing in 2008 from the Carlyle Group and Riverstone Holdings.
Jonathan Firestein has been appointed head of private capital for Ascent Private Capital Management of U.S. Bank, the company’s wealth management arm that serves clients with $25 million or more. Firestein will lead the effort to construct the private capital investment platform for Ascent clients, including global investment strategies in venture capital, buyouts, private debt, real estate and real asset investment funds.
The Bank of America is "completing plans" to sell over half of its shares in the China Construction Bank, with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
Australia's Charter Hall Office REIT, which defeated a management takeover bid from U.S. hedge funds last month, has received a A$1.06 billion ($1.12 billion) bid approach for its Australian portfolio by a consortium led by Macquarie.
Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial. "After testing Deals for four months, we've decided to end our Deals product in the coming weeks," the company said on Friday in a statement emailed to Reuters.
California-based technology firm Cisco will acquire Versly, the San Francisco-based maker of Microsoft Office apps. Specifics of the transaction were not publicized. Versly employees will be integrated into Cisco CSG, the company’s collaboration software group. Backers include Baseline Ventures and Accel Partners.
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Quixey, the California-based search engine for apps, has raised $3.8 million from a group of venture capital firms to fuel its growth. U.S. Venture Partners and WI Harper Group led the round, with participation from Innovation Endeavors and Webb Investment Network.