Apollo SPAC and Vista Halt $15 Billion Merger Talks
One of this year’s biggest blank-check mergers has been put on ice amid tremors in technology stocks and broader market volatility. Vista Equity Partners’ negotiations to merge three of its companies with acquisition firm Apollo Strategic Growth Capital in a $15 billion transaction have been halted, according to people familiar with the matter who asked […]
Carve-out deals by tech firms ‘just tip of the iceberg’: Carlyle Japan chief
Recent carve-out deals by tech giants such as Hitachi Ltd are just the beginning of potential divestitures of non-core assets by Japanese firms, U.S. buyout firm Carlyle Group’s Japan chief said. The comments come as Carlyle recently successfully exited one of its own investments and sees plenty of opportunities for private equity firms in the […]
News Corp inks Australia Facebook deal, signalling truce after blackout
Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country, which makes News Corp the first major media outlet to strike a Facebook deal under controversial new laws that let an […]
Socure closes USD100m in round led by Accel
Socure, a specialist in 100 per cent digital identity trust, has secured USD100 million in a Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others. This round brings Socure’s total funding […]
Lumentum raises Coherent offer to $6.9BN with private equity backing
The bidding war to acquire laser company Coherent shows no sign of abating, with Lumentum responding to II-VI’s latest offer with another increased bid of its own. Latest bid now includes $1 billion in support from investor Silver Lake. Estimated to be worth $6.9 billion – slightly higher than II-VI’s latest offer – the new Lumentum deal would see $220 in cash and […]
Israel’s Incredibuild raises $140 million in Insight-led funding round
Israel’s Incredibuild, which helps companies speed up their software development process, said on Wednesday it had raised $140 million in a private funding round led by U.S. venture capital and private equity firm Insight Partners. The financing will help expand Incredibuild’s U.S. operations to meet rapidly growing demand for its software development acceleration technology, the […]
White & Case advises Triton on acquisition of Acre
Global law firm White & Case has advised funds advised by Triton on the acquisition of ACRE, a leading end-to-end security solutions provider. “Our role advising Triton on its acquisition of ACRE follows its successful sale of DSI Underground at the end of 2020, on which we also advised, and demonstrated the strengths of our […]
Nuventura raises new funding to support global expansion of SF6-free gas insulated switchgear
Deep Tech start up Nuventura has launched a new funding round in order to make the crucial next steps towards the product’s industrialisation and prepare for expansion into other markets. In December 2020 deep tech startup Nuventura successfully closed an equity funding round of EUR2.5 million in extension of its 2019 seed round. This funding […]
Bowmark Capital sells investment in Oxford International
Bowmark Capital has agreed to sell its stake in Oxford International Education Group, an international education provider, as part of two simultaneous transactions – the sale of the company’s schools division to Nord Anglia Education, and the sale of its university partnerships, online learning and languages business to a management buy-out, backed by THI Investments. […]
Ontario Teachers’ and AIMCo Have Sold Glass Lewis to Private Equity Firm
Peloton Capital Management — founded by two ex-Ontario Teachers’ managing directors — and Stephen Smith have acquired the advisory firm. Private equity firm Peloton Capital Management and Canadian financial entrepreneur Stephen Smith have acquired proxy advisory and research firm Glass Lewis & Co., according to an announcement Tuesday. Peloton and Smith bought Glass Lewis from […]
