Free-Spending Private Equity Firms Set Record Pace in Europe
A year of pandemic prudence is giving way to jumbo dealmaking in Europe for deep-pocketed private equity houses. Buyout firms have announced $29 billion of takeovers involving European companies this year, up 60% year-on-year and the most for this period on record, according to data compiled by Bloomberg. That’s after months in which many large […]
Payoneer Reaches $3.3 Billion Deal to Go Public With Betsy Cohen SPAC
Payment firm used by Airbnb, Amazon to merge with FTAC Olympus. Company is profitable, expects $432 million in revenue in 2021. Payoneer Inc., the online payments firm used by the likes of Airbnb Inc. and Amazon.com Inc., agreed to go public by merging with a blank-check firm led by Betsy Cohen. The deal with FTAC […]
BGF invests over GBP380 million in UK growth businesses in 2020
BGF backed 61 new companies in 2020 whilst continuing to actively support its portfolio. Total investment totals GBP384 million, which includes GBP262 million into new portfolio companies and GBP122 million into existing portfolio companies. Notwithstanding the global pandemic and associated recession in the UK causing unprecedented uncertainty for business, BGF broke its investment levels from […]
Robert Downey Jr launches FootPrint Coalition Ventures
Producer, actor and investor Robert Downey Jr has launched ESG-focused FootPrint Coalition Ventures, a series of rolling venture capital funds focused on sustainable technology, while participating in World Economic Forum (WEF) Digital Davos Agenda on a High Level Panel. FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental […]
Gauge Capital closes Gauge Capital III at USD800m
Gauge Capital (Gauge), a middle market private equity firm, has closed its third fund with an oversubscribed first and final close of USD800 million in commitments. The Gauge Capital team is the largest investor in the fund and represents over 25 per cent of the committed capital. Ropes & Gray LLP served as counsel. Gauge […]
Start-up funding dries up as GCC investor ecosystem adapts to pandemic
Some private equity players are also looking into venture capital space to participate in the tech play in the region The pandemic-hit GCC start-up funding ecosystem is in slowdown, with investors choosing more carefully where to place their bets in the wake of the market seeing a correction in valuation, according to experts and venture […]
Private equity pushes into healthcare: 8 latest deals
There were more than 300 private equity deals in the healthcare industry in 2019, and the healthcare sector has continued to draw private equity investors over the past year. Here are eight private equity deals announced since Jan. 1: 1. Water Street Healthcare Partners invested in Southern Scripts, a Natchitoches, La.-based pharmacy benefit management company. […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
Polish locker company InPost valued at 7 billion-8 billion euros in IPO
WARSAW (Reuters) – Polish parcel locker firm InPost has set its price range in an initial public offering (IPO) in Amsterdam at 14-16 euros per share, which implies a valuation at 7 billion-8 billion euros, confirming an earlier Reuters report. The business is widely used in Poland by sellers on online commerce platform Allegro, which […]
After layoffs, travel start-up TripActions is hiring and raises $155 million
(Reuters) – U.S. corporate travel startup TripActions on Thursday said it raised $155 million at a valuation of $5 billion, after a sharp downturn in business due to the coronavirus pandemic last year forced it to lay off a quarter of its staff. The company now has 750 employees and is looking to double that […]
