CYE raises $100M to continue growth in the global market

CYE announced that it has raised a $100 million financing round, led by the global investment organization EQT, with participation from existing investor, 83North. The investment – EQT’s first in an Israeli company – follows five years of partnership and will be used to continue CYE’s hyper-growth in the global market. Over the last several years, […]

Defence deals snapshot: Veritas acquires Northrop Grumman IT business

In the week 31 January to 6 February two aerospace, defence and security acquisitions took place seeing Veritas Capital acquire Northrop Grumman’s IT and Mission Support Services Business for $3.4bn. Deals in the week were down a third compared with 2020. The divestiture of Northrop Grumman’s IT services business, reported by Army Technology last week, […]

RIL deals lift PE-VC funding to $39 billion in 2020, highest in 5 years

On the back of Reliance’s fund-raising spree, private equity (PE) and venture capital (VC) investments in 2020 beat the pandemic blues and recorded the highest level in the last five years at $39.2 billion across 814 deals. This was 6.6% higher than 2019, which had seen 1,012 deals. Investments into RIL’s businesses made up 44% […]