Adobe to buy online design firm Figma in $20B deal
Photoshop maker Adobe Inc said on Thursday it would buy Figma in a cash-and-stock deal that valued the online design startup at about $20 billion. Shares of Adobe, which had cash and cash equivalents of $3.87 billion as of Sept. 2, were down nearly 8% in premarket trading. The company also reported its earnings on […]
Arcmont raises €800m for debut capital solutions strategy
Arcmont Asset Management (Arcmont), a European private debt asset management firm, has completed fundraising for its Capital Solutions Fund I and associated vehicles, attracting total strategy capital of approximately €800 million. The total raised for the first vintage of Arcmont’s Capital Solutions strategy exceeded the firm’s initial target and reflects the strong support received from […]
Goldman Sachs backs data startup Fortanix in $90million round
Data security startup Fortanix Inc. raised $90 million from backers led by a Goldman Sachs Group Inc. fund, as cybersecurity companies attract investor interest despite a cooling venture financing market. The Mountain View-based company’s Series C round was fronted by Goldman Sachs Growth Equity, with participation from Giantleap Capital and existing investors including Intel Capital, […]
AIG unit Corebridge raises $1.68B in year’s largest IPO
After divesting a 10% stake to private equity firm Blackstone for $2.2b last year, AIG filed for the Corebridge offering raising $1.68b in the biggest initial public offering so far this year AIG Inc’s life insurance and retirement division Corebridge Financial Inc raised $1.68b on Wednesday in the biggest initial public offering (IPO) so far this […]
Carlyle acquires ManTech in $4.2B deal
Funds managed by global investment firm Carlyle have acquired ManTech International Corporation (ManTech), a provider of technologies and solutions for national security programmes, in an all-cash transaction representing a total enterprise value of approximately $4.2 billion. Under the terms of the go-private transaction, ManTech stockholders will receive $96.00 per share in cash. With the completion […]
Blackstone-backed Sphera to acquire riskmethods
Sphera, a global provider of ESG performance and risk management software, data and consulting services, and a portfolio company of Blackstone, is to acquire riskmethods, a Munich, Germany-based, software company specialising in supply chain risk management (SCRM). Its software platform collects supplier data and real-time information, distinguishes critical signals from “noise” and provides users with detailed […]
Barings supports Thoma Bravo’s acquisition of Mercell Holding AS
Barings has acted as sole lead lender of secured credit facilities in Thoma Bravo’s investment in Mercell Holding AS, a European provider of e-tendering and procurement systems. Mercell’s solutions help buyers and organisations cut costs, grow their businesses and boost efficiency. Its cloud-based platforms are responsive and accessible from anywhere, giving customers insights and transparency. Barings […]
Madrona raises record $690m for two new VC funds
Madrona has raised $690 million across two oversubscribed venture capital funds for technology startups based in the Pacific Northwest and beyond – $430 million for the Madrona Fund 9 and $260 million for the Acceleration Fund 3. These funds represent an almost 40% increase from the $500 million Madrona raised in 2020, and the firm […]
Audax Private Equity announces acquisition of DISA Global Solutions
Audax Private Equity announced the acquisition of DISA Global Solutions, a leading tech-enabled provider of employee screening, compliance, and workplace health & safety solutions, from Court Square Capital Partners. Headquartered in Houston, Texas with operations across the U.S., DISA specialises in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a […]
For the first time ever, KKR makes fund available to individual investors through blockchain
KKR has made a major move in allowing individuals access to its private equity funds by making one of its vehicles available to backers through a public blockchain. Digital assets securities business Securitize has launched a fund tokenising an interest in KKR’s Health Care Strategic Growth Fund II on the Avalanche public blockchain. The new […]
