Exclusive: AbbVie in talks to sell $5 billion women’s drugs portfolio – sources
(Reuters) – U.S. drugmaker AbbVie Inc is in discussions to sell a roughly $5 billion portfolio of women’s drugs acquired last year through its $63 billion purchase of Botox maker Allergan Plc, sources familiar with the matter told Reuters. The move revives a process to sell the business, which makes the Lo Loestrin Fe birth […]
Inflexion makes minority investment in The Goat Agency
Inflexion has made a minority investment in The Goat Agency (Goat), a global social media and influencer marketing agency. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s lower mid‐market fund. Inflexion will work with Goat to sustain its impressive growth trajectory in international markets, with support from Inflexion’s in-country experts. Goat’s data-led […]
CAPZA participates in refinancing of Sterimed Group’s debt
CAPZA, an established European private investment platform focused on small and mid-cap companies, has participated in the refinancing of Sterimed Group’s debt, a specialist in the medical sterilisation packaging industry, and is supporting the acquisition of the European hospital packaging division of the listed group Amcor. Founded in 1911, Sterimed is one of the world’s […]
Lindsay Goldberg to acquire ARYZTA AG’s North American bakery business
Affiliates of Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders, and management teams, is to acquire ARYZTA North America (ANA), one of the largest B2B providers of frozen baked goods in the US and Canada, from ARYZTA AG (ARYZTA). “ANA is one of the leading suppliers of high-quality baked goods […]
Baidu’s AI chip unit Kunlun completes new funding, at $2 billion valuation
Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about $2 billion. The fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, […]
Blank-cheque firm backed by Bain Capital affiliate aims for IPO
A blank-cheque firm backed by BCC Investment Management, an affiliate of Bain Capital, is looking to raise up to $300 million through an initial public offering, a regulatory filing showed on Thursday. BCC Investment Corp, a so-called special purpose acquisition company, or SPAC, plans to sell 30 million units composed of shares and warrants on […]
Warburg Pincus acquires stake in Edelman Financial Engines
(Reuters) – Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a 62% increase in the valuation of Edelman Financial Engines since 2018, when buyout firm Hellman […]
Astorg to acquire Xceptor from CBPE Capital
Astorg, a leading global private equity firm, has signed a definitive agreement to acquire Xceptor, a global leader in the end-to-end, no-code process automation market, from CBPE Capital LLP (“CBPE”). Founded in 2003 and headquartered in the UK, Xceptor is a fast-growing software business operating within the high growth intelligent data automation space, combining a […]
Alderwood Capital makes two senior hires
Alderwood Capital (Alderwood), a London-based fund manager, has made two further senior hires – Ryan Sinnott as Partner and member of the Investment Committee, while Jonathan Crawford has been appointed Partner, General Counsel and Chief Compliance Officer. With over twenty years’ experience, both in the UK and Australia, Sinnott has a long and successful track […]
Deepbridge confirms latest GBP1m SEIS life sciences funding
Venture capital investment manager Deepbridge Capital has completed its latest Life Sciences SEIS GBP1 million funding round. Companies receiving seed-stage funding include Carocell Bio, Circada, FlutterLab, GenoMe Diagnostics, Glucose Republic and NanOptima. The Deepbridge Life Sciences SEIS enables private investors to access a portfolio of early-stage companies within the UK’s vibrant life sciences sector, whilst […]
