SparkPost secures USD180m strategic growth investment
SparkPost, an email sending and optimisation platform delivering nearly 40 per cent of the world’s commercial email, has secured USD180 million from LLR Partners, NewSpring Capital and PNC Bank. The investment will help fuel SparkPost’s next stage of growth and product innovation as organisations continue to look at email as the channel to communicate and […]
23andMe in Talks to Go Public Via Branson SPAC
DNA-testing company 23andMe is reportedly in talks to go public through a $4bn deal with Richard Branson’s VG Acquisition Corp. A deal may be announced next month for 23andMe, less than three years since being evaluated at $2.5bn. Bloomberg reports that the two sides are still far apart, but that talks are rapidly progressing. The deal […]
The Craftory invests USD50m in HIPPEAS Chickpea Snacks
HIPPEAS Chickpea Snacks, has raised USD50 million from investment house The Craftory. HIPPEAS, a healthy snacking brand, intends to use the funds to boost innovation, expand production, increase distribution and amplify its positive impact. The Craftory is a USD375 million global investment house focused exclusively on ‘championing the world’s boldest, mission-driven consumer brands’. The Craftory […]
Goldman Sachs raises MONETA stake to 10.45% amid offer from PPF
Goldman Sachs has increased its holding in Czech MONETA Money Bank to 10.45% from 3.22% amid a takeover offer by a Czech investment group, a regulatory filing with the Czech central bank showed. The increase comes after PPF Group PPF, owned by Czech billionaire Petr Kellner, offered to buy out as much as 29% of […]
Alstom completes Bombardier rail purchase for 5.5 billion euros
French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier rail business, an acquisition that should make it the world’s No. 2 in its industry behind China’s CRRC. Alstom, which cut its offer for Bombardier rail in September 2020, said the price for the deal was established at 5.5 […]
BGF invests over GBP380 million in UK growth businesses in 2020
BGF backed 61 new companies in 2020 whilst continuing to actively support its portfolio. Total investment totals GBP384 million, which includes GBP262 million into new portfolio companies and GBP122 million into existing portfolio companies. Notwithstanding the global pandemic and associated recession in the UK causing unprecedented uncertainty for business, BGF broke its investment levels from […]
TPG takes majority stake in Santa Clara cybersecurity company and brings in a new CEO
Santa Clara cybersecurity startup Centrify is about to have a new owner and a new CEO. TPG Capital has agreed to buy a majority stake in the company from fellow private equity giant Thoma Bravo, the firms announced Thursday. As part of the deal, TPG is bringing in former Symantec executive Art Gilliland as Centrify’s […]
Signavio to be acquired by SAP
The Apax Digital Fund (ADF), DTCP, and Summit Partners, have agreed to sell portfolio company Signavio, a specialist in the enterprise business process intelligence and process management space, to SAP. The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction have not been disclosed. Founded […]
Nordic Capital offers to buy Advanz Pharma in $846 million deal
Private equity investor Nordic Capital on Wednesday offered to buy Advanz Pharma, valuing the drugmaker at $846 million as part of a move to invest in accelerating the company’s pipeline of innovative specialty pharmaceutical products. Under the offer, shareholders would receive a price of $17.26 per Advanz Pharma share and can also elect a non-cash […]
Luminate Capital Partners sells AMTdirect to MRI Software
Luminate Capital Partners, a private equity firm investing in growth software companies, has sold AMTdirect, a provider of lease accounting, lease administration, and facilities management software, to MRI Software. Jeff Ralyea, Chief Executive Officer of AMTdirect, says: “Over the last few years, the Luminate team has partnered with AMTdirect to deliver cloud-based solutions to leading […]
