Rivian raises $2.65B as it pushes towards production of its electric pickup
Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other […]
Shippeo secures USD32m investment from Battery Ventures and existing investors
Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]
NovaQuest Private Equity Acquires CoreRx, Inc.
New Strategic Financial Sponsor to Support Continued Growth and Capability Expansion NovaQuest Private Equity (“NovaQuest”) today announced its acquisition of CoreRx, Inc. (“CoreRx” or the “Company”), a global contract development and manufacturing organization (“CDMO”). Based in Clearwater, FL, CoreRx provides clinical and commercial CDMO services to a wide range of small to mid-sized pharmaceutical and […]
Biden’s Wall Street backers face new threat from Warren
Democratic lawmakers are poised to crack down on the private equity industry. Private equity firms went all out for Joe Biden in the 2020 election, giving his campaign six times more money than they donated to President Donald Trump. That’s not going to do them much good with progressive Democrats in Congress. Democratic lawmakers are […]
London Private Equity Fund Loses Ruling on Racism, Fraud Claims
A private equity fund backed by families in Hong Kong and Qatar lost a bid to keep claims of fraud, racism and anti-Semitism away from public scrutiny. London-based Queensgate Investments LLP wanted to hold further court proceedings in private. But Judge James Tayler said the upcoming hearing should be in public, saying investors and others […]
EQT Real Estate sells Trideca, a 15,400 sqm office building in Paris
EQT is pleased to announce that the EQT Real Estate I fund (“EQT Real Estate”) has sold Trideca, an office building located at 28-34 rue du Château des Rentiers, in the 13th arrondissement of Paris. The buyers are Batipart and its partners ACM, Covéa and BNP Paribas Cardif. The building is located in the immediate […]
Why Big Tech regulation is good for private equity, according to one CEO
Increased scrutiny of Big Tech’s power may have some shareholders sweating it. But not so for private investors. With a new Biden administration and recent threats to crack down on some of the biggest tech behemoths (from Facebook to Amazon), there seems to be support for more regulation. And according to alternative investment manager Hamilton […]
Exotel closes A91-led round; Mumbai Angels investors exit with bumper returns
Exotel Techcom Pvt Ltd has handed handsome returns to some of its earliest investors from angel network Mumbai Angels as the cloud telephony platform closed a new round led by venture capital firm A91 Partners that was floated by former Sequoia executives. Exotel said in a statement that some of the early Mumbai Angel investors […]
Rickitt Mitchell In Strong Position Ahead Of Busy Period
Manchester-headquartered Rickitt Mitchell entered 2021 in a strong position, a partner at the corporate finance firm has told Insider, with the company readying itself for a busy period. Neil Mitchell has advised shareholders and management teams on a wide range of transactions, including MBOs, disposals, acquisitions, private equity investment and IPOs. Speaking to Insider, he […]
Lebanon inks final deal for 2.1 mln doses of Pfizer-BioNTech vaccine
BEIRUT, Jan 17 (Reuters) – Lebanon’s caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech’s COVID-19 vaccine as the country battles a steep rise in infections. The vaccines are expected to arrive in batches starting February, the ministry said in a statement. The ministry is also cooperating with […]
