Cyware Raises $30M in Series B Funding
Cyware, a NYC-based Virtual Cyber Fusion platform provider, raised $30m in Series B funding. The round, which brought total funding raised to date to $43m, was led by Advent International through Advent Tech, as well as Ten Eleven Ventures, with participation from previous investors, including the Prelude Fund (the venture practice at Mercato Partners), Emerald Development Managers, Great Road Holdings and […]
SK Telecom, Shinsegae Group among bidders for eBay’s Korean business
South Korea’s SK Telecom, retailer Shinsegae Group and private equity firm MBK Partners were among those that entered non-binding, preliminary bids for the sale of eBay Inc’s South Korean business, the telecom company and two sources with knowledge of the matter said on Tuesday. EBay Korea operates open market e-commerce platforms Gmarket, Auction and G9, […]
Rogers’ sweeteners for $16 billion Shaw takeover may test Canadian regulatory
Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face some of the world’s highest phone bills. Analysts and fund managers say the company is facing an uphill battle closing the deal even as it […]
Bain Capital-owned Diversey aims for $6.38 billion valuation in U.S. IPO
Bain Capital-owned Diversey Holdings Ltd, which provides cleaning and hygiene products, said on Tuesday it was aiming for a valuation of up to $6.38 billion in its initial public offering in the United States. Diversey is seeking to raise up to $970 million in its IPO from selling about 46.2 million shares priced between $18 […]
Carlyle to sell SBI Cards stake worth 3,730 crore
American private equity firm Carlyle Group will sell SBI Cards & Payments Services Ltd (SBI Cards) stake worth as much as Rs3,730 crore or $513 million through a block deal, according to deal terms seen by Mint. CA Rover Holdings, a Carlyle entity, will sell 38 million or 4% stake to institutional investors. As of […]
TA Associates Makes a $100 Million Strategic Investment in Appfire
Appfire, a leading provider of apps that help teams solve modern challenges with digital solutions, today announced that it has received a $100 million investment from TA Associates, a leading global growth private equity firm. With this investment, Appfire intends to continue its leadership within the Atlassian ecosystem with more than 85 purpose-built products on the […]
Private equity firm’s second SPAC H.I.G. Acquisition II files for a $300 million IPO
H.I.G. Acquisition II, the second blank check company formed by H.I.G. Capital targeting TMT or healthcare, filed on Monday with the SEC to raise up to $300 million in an initial public offering. The Miami, FL-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share […]
Conair Corp. is acquired by NYC private equity firm
Stamford-based Conair Corp. has been acquired by the New York-headquartered private equity firm American Securities LLC. The financial terms of the acquisition were not made public. Founded in 1959 by Leandro Rizzuto as a hair appliance company, Conair is a leading provider of kitchen electric appliances, nonelectric kitchenware, personal care, grooming, health and beauty products. […]
Pathway Capital Management closes USD1bn custom co-investment fund
Pathway Capital Management is pleased has closed on USD1 billion for Pathway Co-investment Partners Fund V (PCPF V), a custom co-investment fund for a US-based institutional investor. PCPF V will focus on identifying and investing in co-investment opportunities globally alongside high-quality private equity managers in a variety of private equity strategies. PCPF V represents a […]
Private Equity Firm BC Partners Nears Deal to Buy Insurance Service Company Davies
BC Partners is nearing a deal to acquire Davies in a transaction valuing the London-based insurance service company at about 1.2 billion pounds ($1.7 billion), including debt, people familiar with the matter said. The private equity firm, which manages more than 33 billion euros ($39 billion) of assets, could announce the purchase of a majority […]
