Ironwood Capital portfolio company Ironwave Technologies invests in Syntonics
Ironwood Capital portfolio company, Ironwave Technologies (Ironwave), has purchased a majority interest in Syntonics, a manufacturer and research and development company focused on advanced radio frequency (RF) systems and subsystems such as RF over fibre, Software Defined Radio, Tracking Tagging and Location (TLL) and Expendable Data Exfiltration (EDEX) technologies. “The acquisition of Syntonics expands Ironwave’s […]
Godrej Fund Management hits first close of fund
Godrej Fund Management, the real estate private equity arm of the Godrej Group, has hit the first close of its $500 million (about Rs 3,660 crore) office development fund, the company said in a statement. The fund — GBTC II — has raised $200 million (Rs 1,465 crore) from Netherlands-based APG Asset Management NV, which […]
Memsource acquires Phrase
Memsource, an AI-powered translation management system, together with its majority shareholder The Carlyle Group, has acquired Phrase, a leading software localisation platform. Headquartered in Prague, Czech Republic, Memsource is a translation technology provider that assists global corporations and the language services industry in automating the localisation of large volumes of multilingual content. The company is […]
Shippeo secures USD32m investment from Battery Ventures and existing investors
Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]
Birkenstock in Talks for $5 Billion Sale to CVC Capital
(Bloomberg) — Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, […]
Indigo Paints to come up with its IPO on January 20. All you need to know
For the initial share sale ₹1,488- ₹1,490 has been set as the price band. The public issue would get ₹1,170.16 crore at the upper end of the price band. Indigo Paints is coming up with its initial public offering (IPO) this week. The company ranks fifth in the decorative paints industry in India. The public […]
CVC Growth Fund exits Kount in USD640 million deal
CVC Capital Partners’ (CVC) CVC Growth Fund is to sell Kount Inc (Kount), a provider of Artificial Intelligence (AI)- driven fraud prevention and digital identity solutions, to global data and analytics company Equifax in a deal valued at USD640 million. The transaction, which is expected to close in the first quarter of 2021, and is […]
Volkswagen Finance turns majority stakeholder in KUWY Technology
Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based automotive lending startup KUWY Technology to a majority stake, effective January 5. Financial terms of the deal were not disclosed in the statement. The Mumbai-based financial services arm of the German automaker had in September 2019 picked up a 25% stake in the […]
NCR throws hat in the ring for Cardtronics with $1.73 billion offer
(Reuters) – NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator’s acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital. Atlanta-based NCR, which makes ATMs and self-service kiosks for the retail and hospitality industries, proposed to buy all outstanding […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
