Tag: deals and transactions

WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG

WarnerMedia parent AT&T has clinched hotly anticipated deal to sell a significant minority stake in satellite broadcaster DirecTV to private equity group TPG in a deal that will net the telecom giant $7.8 billion. The deal, expected to close in the second half of 2021, values DirecTV’s video business at $16.25 billion. In a hastily […]

Aviva sells French business to Macif’s Aéma Groupe for $3.9 billion

Aviva has agreed the sale of its operations in France for 3.2 billion euros ($3.89 billion) to Macif’s Aéma Groupe, as part of the British insurer’s shift to focus on its core operations in Britain, Ireland and Canada. London-based Aviva, led by boss Amanda Blanc, said the sale would increase excess capital by 2.1 billion […]

3D printer maker Markforged to go public via $2.1 bln SPAC deal

3D printer maker Markforged said on Wednesday it agreed to go public through a merger with a blank-check firm backed by venture investor Kevin Hartz, in a deal valuing the equity of the combined company at $2.1 billion The deal with one, sponsored by ticketing site Eventbrite Inc founder Hartz, is expected to provide the […]

Exxon to divest some UK, North Sea assets for over $1 billion

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as the oil major seeks to free up cash and focus on some mega projects The deal includes holdings in 14 producing fields, operated primarily by Shell, as well […]

Secure Trust Bank provides GBP70m in funding for PE-backed businesses

Secure Trust Bank’s Commercial Finance division has provided more than GBP70 million in funding to private equity-backed businesses in 2020 Despite the challenges faced across the sector in 2020, this figure reinforces Secure Trust Bank’s continued appetite to write new business and support existing clients. Of the GBP70 million of new facilities provided, GBP20 million […]

Lucid dream deal turns Klein’s $43 million investment into $3.3 billion windfall

Veteran dealmaker Michael Klein and his partners have made a paper gain of nearly $3.3 billion on their $43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc, according to Reuters calculations. Many mom-and-pop investors bought Churchill Capital IV shares hoping for a quick gain, […]

MENA start-ups attract $1 billion during 2020, despite coronavirus

UAE start-ups attract investment locally and from abroad during the Covid-19 pandemic, but some struggle Venture capitalists poured $1 billion into regional start-ups last year, signaling high investor confidence, despite the global coronavirus pandemic, a report published by Magnitt said. The coronavirus pandemic has wreaked havoc on international markets, leaving start-up markets in some regions […]

Torii raises $10 million Series A funding to automate software management in the enterprise

Series A funding led by Wing Venture Capital brings the total raised to $15 million Torii, the enterprise Software-as-a-Service (SaaS) management company, today announces that it has closed a $10 million Series A financing round to automate software management in the enterprise. The financing was led by Wing Venture Capital together with the company’s existing […]

Private equity fund Mid Europa Partners expects one deal in Romania this year

Private equity investment fund Mid Europa Partners has 2-3 investments in the pipeline that it could complete in 2021, one of which is in Romania. “Now that our resilience has been tested and the vaccination process has begun, we are confident in 2021,” says Matthew Strassberg, co-managing partner of Mid Europa Partners, according to Ziarul […]

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