ADM Capital’s Cibus Enterprise Fund Invests in Aquapak
ADM Capital Europe’s Cibus Enterprise Fund (Cibus) has invested in the British polymer production company Aquapak Polymers Limited (Aquapak). Aquapak has developed a novel biodegradable, non-toxic and water-soluble polymer called HydropolTM (“Hydropol”) which is three times stronger than alternatives and can be easily processed into films, laminates and injection moulds, giving it a wider […]
Blackstone-backed Patria eyes expansion in Latam, Asia
Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday. Patria raised $326 million in the IPO and shareholders selling stakes will receive $262 million. Blackstone, which acquired a 40% […]
China Evergrande New Energy Vehicle Co attracts investors to raise $3.4 bln
Property giant China Evergrande’s Hong-Kong listed electric vehicles firm said on Sunday it would bring in six new investors to raise HK$26 billion ($3.4 billion) to fund technology research and repay debt. China Evergrande New Energy Vehicle Ltd will issue 952.4 million shares at HK$27.3 each to the new investors who include China Gas Chairman […]
HCAP Partners invests in 83bar
HCAP Partners, a California-based private equity firm and nationally recognised impact investor, has invested in 83bar, an Austin, Texas-based specialist in patient journey management for both clinical trials and commercial clients across pharma, medical device, and diagnostic industries. The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small […]
NBA’s private equity plan in motion, betting on the allure of sports ownership
The NBA is banking on private equity investment to bring it financial optionality and a new pool sports ownership seekers. Ownership accoutrements. It’s the phrase National Basketball Association commissioner Adam Silver used in 2019 to help frame the attraction of becoming a sports owner. And Silver suggested the NBA could incentivize those looking to join […]
Food delivery platform Wolt raises $500m from global investor group
The Finnish company will announce investment from KKR and Tiger Global as soon as Tuesday, Sky News understands. Another of Europe’s food delivery giants is raising hundreds of millions of pounds to fund its expansion, underlining the frenzy of global investor interest which has gripped the sector. Sky News has learnt that Wolt, a Finnish […]
Super League clubs reject private equity proposal
League Express understands that the Super League clubs have turned their backs on the prospect of attracting private equity investment – at least for the time being. The process of attracting private investment into the game has been a lengthy one, with arguments on both sides about its desirability. With several Super League clubs edging […]
CDC Group Targets $1 Billion of African Investments in 2021
Funds earmarked for infrastructure, climate projects, finance. U.K.’s CDC partnering with Vodafone for Ethiopia telecom bid. CDC Group is planning about $1 billion in Africa investments this year in sectors including infrastructure and finance, and is part of a consortium considering a bid for a new telecommunications license in Ethiopia. The U.K. development-finance institution is […]
Israel-Dubai partnership to launch USD100m debt investment fund for tech companies
Tel Aviv-based global fund manager Liquidity Capital and Dubai-based Vault Investments are to form a joint USD100 million Venture Debt Investment fund based in Dubai. The new fund will deploy debt financing funding aimed at fuelling technology financing in the Middle East, North Africa and Europe, and will leverage technology already in use by Liquidity […]
EV charging network EVgo to go public via $2.6 billion SPAC deal
EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition Corp, in a deal that values the electric vehicle charging station provider at $2.6 billion. The deal is expected to provide EVgo with about $575 million in net cash proceeds, […]
