Bain hires banks to revive IPO of French car parts group Autodis
The private equity owner of French car parts group Autodis has hired banks to resume plans for a share sale in Paris in a bid to take advantage of strong investor demand in the busiest-ever start to a year for stock listings, sources told Reuters. U.S. buyout firm Bain Capital, which took control of Autodis […]
BlackRock’s Fink says investors demand sustainable strategies
Companies that do not adopt sustainable business strategies can expect less investment as shareholders grow more focused on topics like climate change, BlackRock Inc CEO Laurence Fink said on Thursday. Fink said he has been telling corporate boards they will see “money moving in to more sustainable strategies. And if you’re not part of that […]
Cambridge spinout CGD raises USD9.5m in Series A funding
Cambridge GaN Devices (CGD) has raised USD9.5 million in Series A funding. The investment was co-led by IQ Capital, Parkwalk Advisors and BGF, and includes investment from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels and Cambridge Capital Group The funding will be used by CGD to expand its product portfolio of energy-efficient power devices […]
BlackRock-Backed Online Car Dealer Cazoo Weighs London IPO
Cazoo Ltd., the British online used car platform backed by some of the world’s best-known investors, is weighing plans for an initial public offering in London, according to people familiar with the matter. Cazoo is speaking with potential advisers about a possible listing as soon as this year, the people said, asking not to be […]
Creation Investments rolls out first debt fund
Creation Investments Capital Management, a Chicago-based impact investor, has launched its first $100 million debt fund focusing on non-bank financial companies in the country, according to a release. The fund seeks to cater to companies in segments such as micro-lending, affordable housing, vehicle loans, small and medium-enterprise lending (SMEs), and education finance. Over the past […]
Carlyle Inks $4.1 Billion Credit Line Linked to Board Diversity
Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to how well its portfolio companies achieve board diversity goals. The buyout firm has structured the revolver for its Americas corporate private equity funds, with pricing of the debt depending on whether they meet a previously set target of 30% diverse […]
Novacap raises record $1.865bn for TMT VI
Canadian private equity firm Novacap has closed the Novacap TMT VI at $1.865 billion, making it the largest fund raised by the firm to date. The total includes significant commitments from Novacap’s partners and employees as well as from the Novacap Executive Fund. Virtually all investors in the firm’s TMT V vehicle committed to TMT […]
Elon Musk’s SpaceX Now Worth $74 Billion After Latest Fundraising Round
Billionaire Elon Musk’s rocket company SpaceX reportedly completed an $850 million fundraising round last week, as it looks to raise capital for its ambitious Starlink and Starship projects. News of the funding was first reported by CNBC, which said that the private company will now have a valuation of around $74 billion, citing people familiar […]
Advent Life Sciences closes two new funds with USD215m in combined commitments
Advent Life Sciences has closed two new funds with commitments totalling USD215 million. Advent Life Sciences Fund III is the firm’s third dedicated life sciences venture capital fund raised from new Limited Partners (LPs), including British Patient Capital, as well as existing LPs. Investing at seed, series A and beyond, the funds will primarily support […]
Montana Aerospace prepares for $1.8 billion stock market listing
Austrian-Swiss aircraft parts maker Montana Aerospace is preparing for a $1.8 billion stock market listing as its private equity owner seeks to exit while stock market valuations are high, people close to the matter said. Austrian billionaire Michael Tojner’s private equity vehicle Montana Tech Components is working with UBS and Berenberg on an initial public […]
