China plant-based ‘meat’ brand HERO Protein closes USD850k pre-seed round
HERO Protein, the first domestic plant-based ‘meat’ company in China to use cutting-edge “high moisture extrusion” technology, has completed a USD850k pre-seed funding round to launch its products into the market. The funding round saw participation from Cremer, a leading global commodities and co-manufacturing company; Lever China Fund, the most active alternative protein investor in […]
EQT-backed IVC Evidensia expands partnership
European veterinary care provider IVC Evidensia (IVC), one of Europe’s largest veterinary care providers, has announced an expanded partnership among its shareholders to support the group in driving its next phase of accelerating growth. The aggregated new investment from the expanded partnership transaction totals EUR3.5 billion and values IVC at an enterprise value of approximately […]
Laser maker Coherent receives $6 billion takeover offer from MKS Instruments
Coherent Inc said on Monday it had received a $6 billion takeover offer from manufacturing devices maker MKS Instruments Inc, weeks after the laser manufacturer agreed to a deal from Lumentum Holdings. Its cash-and-stock offer values Coherent shares at $240 apiece, representing a premium of about 24% to the stock’s Friday close. MKS said its […]
Cubic to be taken private for $2.2 billion by Veritas, Elliott
Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. hedge fund Elliott Management in a deal valued at about $2.2 billion. The company had adopted a poison pill last year, allowing existing shareholders to buy more shares at a discount, after Elliott took a 15% stake in the firm […]
Renesas boosts power and connectivity prowess with $6 billion Dialog deal
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry. One of the world’s biggest auto chipmakers, Renesas aims to capitalise on technology shifts that are putting more electric vehicles on the streets with […]
Hedge fund Marshall Wace seeks venture capital deals
London-based Marshall Wace, which manages about $52bn in assets, is raising as much as $400m for a fund that will invest in privately owned healthcare companies, according to people familiar with its plans. The strategy is to buy them before flotation and then hold on to them after they list. The Marshall Wace and Third […]
Blackstone invests in new hedge fund ApaH Capital, sources say
Blackstone Group, the world’s largest hedge fund investor, is committing $150 million in start-up capital to a hedge fund run by a former senior executive at Lone Star Funds, two sources familiar with the matter said. Anand Balakrishna Madduri is launching ApaH Capital Management with roughly $200 million in assets, including the capital from Blackstone, […]
Appgate to Merge With Public Company Newtown Lane Marketing
Newtown Lane Marketing (Newtown) and Appgate have entered into a definitive merger agreement. The deal will see Appgate become a public company with significant financial resources to accelerate growth, scale, and go-to-market strategies. Newtown Lane Marketing, Incorporated (“Newtown”) and Appgate (the “Company”), an industry leading secure access company, today announced that they have entered into […]
Private equity fund takes majority stake in Kramer
Fortissimo Capital Fund, which has a track record of supporting growing technology companies, made the acquisition as Dr Joseph Kramer retires. Fortissimo Capital Fund, a leading private equity fund based in Israel, has acquired a majority interest in Kramer Electronics, as Dr Joseph Kramer, an entrepreneur and a founder of the company, retires. Michael and […]
Kingswood Capital Management closes oversubscribed USD230m PE fund at hard cap
Kingswood Capital Management (Kingswood), an operationally-focused lower-middle market private equity firm, has closed the Kingswood Capital Opportunities Fund I. The Fund was oversubscribed and closed at the hard cap with total commitments of USD230 million. The Fund received commitments from a balanced group of high-quality limited partners, including public pension funds, insurance companies, endowments, foundations, […]
