Exotel closes A91-led round; Mumbai Angels investors exit with bumper returns
Exotel Techcom Pvt Ltd has handed handsome returns to some of its earliest investors from angel network Mumbai Angels as the cloud telephony platform closed a new round led by venture capital firm A91 Partners that was floated by former Sequoia executives. Exotel said in a statement that some of the early Mumbai Angel investors […]
Rickitt Mitchell In Strong Position Ahead Of Busy Period
Manchester-headquartered Rickitt Mitchell entered 2021 in a strong position, a partner at the corporate finance firm has told Insider, with the company readying itself for a busy period. Neil Mitchell has advised shareholders and management teams on a wide range of transactions, including MBOs, disposals, acquisitions, private equity investment and IPOs. Speaking to Insider, he […]
Goodwin adds partner to private investment funds practice
Global law firm Goodwin has expanded its Private Investment Funds practice in the Frankfurt office with the addition of fund formation and regulatory partner Dr Joachim Kayser. “During a period of continued expansion in Frankfurt, we are thrilled to launch Goodwin’s German funds platform and amplify the firm’s dominance at the intersection of capital and […]
Eight Roads promotes Aditya Systla to partner post
Eight Roads Ventures India and Southeast Asia, which is part of Fidelity-backed global investment firm Eight Roads, on Tuesday said it has elevated Aditya Systla to partner position. Systla, who had joined Eight Roads in 2015 as an associate, is the fourth partner at the firm in India, said Eight Roads in a statement. He […]
Why Yellen’s Wall Street windfall is getting a pass
The former Fed chair’s past comments help explain why many Democrats are confident she won’t be beholden to financial interests. Treasury Secretary-nominee Janet Yellen’s revelation that she received more than $5 million in speaking fees from financial firms raised concern among some progressives that she’s too cozy with Wall Street. But a review of her public […]
Hedge funds bet on recovery in 2021
TORONTO (Reuters) – Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic. Hedge funds, which use leverage and employ more aggressive, often riskier strategies than other investors, believe many previously undesirable sectors, ranging from energy to retail, will rebound in 2021. […]
US hedge fund bids for Tribune Publishing in $520m deal
Chicago Tribune and New York Daily News owner would be taken private under proposed transaction Alden Global Capital, a US hedge fund known for taking over distressed American newspapers, has unveiled a bid to acquire and take private the Chicago Tribune’s owner, valuing the publishing company at about $520m. The hedge fund, which already owns […]
SolarWinds Hack Throws Wrench In Private Equity’s Most Profitable Market
For years, one of the most lucrative corners of financial markets has been the software leveraged buyout, where firms like Thoma Bravo, Silver Lake Partners and others have earned industry topping returns. Their unheralded target companies provide the digital infrastructure, network management, and applications to run businesses on the cloud. These companies generally deploy stable […]
