Men’s health platform Manual raises USD30m in Series A funding round
Manual has raised USD30 million in a Series A round for product development and international expansion, as the company sets its sight on becoming the go-to global platform for men’s health and wellbeing In the last 12 months, Manual has grown at a fast pace, quadrupling its revenue and expanding from the UK to Brazil, […]
Analysis: Ready to roll: China flat steelmakers set to cash in on manufacturing boom
China’s top flat steel producers are primed for profit from a post-COVID-19 recovery in global manufacturing and goods demand in 2021, as well as from an emissions-cutting drive that will likely knock out high-cost competitors, sector analysts said Prices for hot rolled coil (HRC) – flat steel rolled at high temperatures for use in cars, […]
Apollo-backed SPAC looks to raise $400 million through U.S. IPO
An affiliate of private-equity firm Apollo Global Management Inc is aiming to raise $400 million in a U.S. initial public offering, a regulatory filing showed on Monday Apollo Strategic Growth Capital III, a special purpose acquisition company (SPAC), said it planned to sell 40 million units composed of shares and warrants, priced at $10 per […]
Ackman stays mum on $4 billion SPAC target, says a second may follow
Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of […]
MetLife Investment Management to provide GBP117.5m in financing for English Football League
MetLife Investment Management (MIM), the institutional asset management business of MetLife, will provide GBP 117.5 million in financing to the English Football League (EFL) to strengthen the league’s financial support of its Championship Clubs The financing agreement will allow the EFL to provide Championship Clubs with immediate additional funding following a difficult 12 months where […]
MEIF invests GBP100 million into Midlands’ businesses
GBP100 million has been invested in the region’s small businesses through the Midlands Engine Investment Fund (MEIF) The milestone was reached by the Fund after making 481 investments in 350 businesses located in the West Midlands and East and South East Midlands. An additional GBP90 million of private sector leverage has also been secured as […]
Audax Private Equity Completes Sale of Altasciences to Novo Holdings
Audax Private Equity (“Audax”) today announced that it has successfully completed the previously announced sale of Altasciences to Novo Holdings Altasciences is a leading, fully-integrated, early drug development services platform, providing the pharmaceutical and biotech industries with a trusted partner for drug development, from preclinical safety testing through clinical proof-of-concept studies. Headquartered in Laval, Quebec, […]
Calculus Capital delivers 6x return with ActiveOps listing
Calculus Capital portfolio company ActiveOps has completed a successful Initial Public Offering on the Alternative Investment Market, generating an impressive 6x return for Calculus EIS investors ActiveOps has placed 45 million shares with institutional investors, raising gross proceeds of GBP76 million for selling shareholders, including Calculus Capital. The placing price of 168 pence values the […]
Nordic Capital exits Itiviti investment to Broadridge in EUR2.143bn deal
Nordic Capital has agreed to sell Itiviti, a provider of trading technology and services to financial institutions, to Broadridge Financial Solutions, in a deal valued at EUR2.143 billion Credit Suisse and Morgan Stanley acted as financial advisors, Dechert as legal advisor, PwC as finance advisor and Oliver Wyman as commercial advisor to Nordic Capital. The […]
Goldman Sachs has eyes on Bailey Nelson funding round
Tearaway eye wear group Bailey Nelson is set to front private equity funds and other growth capital investors for a funding round through Goldman Sachs The company has grown to about 40 stores in Australia and its network also stretches New Zealand, Canada and the UK. It is understood to be making more than $100 […]
