Apollo-backed SPAC looks to raise $400 million through U.S. IPO
An affiliate of private equity firm Apollo Global Management Inc is looking to raise $400 million for a blank-check company through a U.S. initial public offering (IPO), a regulatory filing showed on Wednesday. Spartan Acquisition Corp IV, a special purpose acquisition company (SPAC), said it planned to sell 40 million units, composed of shares and […]
Deliveroo aims for $12 billion market cap in biggest London debut in a decade
Food delivery company Deliveroo could make Britain’s biggest stock market debut since commodities giant Glencore went public nearly a decade ago, after setting a price range on Monday that values it at up to $12 billion. Deliveroo will also be the biggest tech IPO on the LSE, dwarfing The Hut Group from last year — […]
J.P. Morgan Private Bank Closes Global Impact Fund with Investable Capital of More Than $150 Million
J.P. Morgan Private Bank announced the final closing of its Global Impact Fund (the “Fund”), with total investable capital of more than $150 million. The Fund, which began investing in December 2020, has already committed to four underlying impact venture, growth and buyout managers, in addition to executing two co-investments. The Global Impact Fund targets […]
Rakuten to sell 8% stake to Japan Post in Amazon battle
Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc. Friday’s deal makes Japan Post Holdings the biggest shareholder in Rakuten outside the founding Mikitani family, […]
Branson-backed SPAC to raise $500 million through U.S. IPO
A blank-check firm, backed by Virgin Group’s billionaire founder Richard Branson, is looking to raise as much as $500 million through an initial public offering, a regulatory filing showed on Tuesday Virgin Group Acquisition Corp III, a special purpose acquisition company, or SPAC, plans to sell 50 million units, composed of shares and warrants, priced […]
DigiCert’s Private Equity Owners Said to Weigh $8 Billion Sale
Clearlake Capital Group and TA Associates, the private equity owners of DigiCert, are exploring options including a sale of the digital security technology company, according to people with knowledge of the matter. Lehi, Utah-based DigiCert may be valued at about $8 billion, including debt, in any transaction, said some of the people, who asked not […]
Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal
Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters. Centerbridge Partners bought enterprise software companies Syncsort and Vision Solutions Inc from Clearlake Capital for $1.26 billion in 2017. Clearlake […]
Chinese car maintenance start-up Tuhu plans U.S. IPO after $400 million fundraising
Chinese car maintenance service start-up Tuhu is considering a U.S. IPO this year, after raising up to $400 million from a funding round earlier this month, people with direct knowledge of the matter told Reuters. Founded 10 years ago in Shanghai, Tuhu provides car repair and maintenance services via an online-to-offline business model. Its app […]
SoftBank-backed serial acquirer Sinch eyes further M&A
SoftBank-backed cloud platform provider Sinch AB, which is gaining a reputation as a serial acquirer, is eyeing further deals, its chief executive told Reuters, days after announcing its latest billion-dollar acquisition. “We have an active M&A agenda and that still stands going forward, assuming we find good targets at good prices,” Sinch Chief Executive Oscar […]
Oprah-backed Oatly plants IPO seed with private regulatory filing
Sweden-based Oatly, which counts Oprah Winfrey and rapper Jay-Z among its prominent backers, has submitted plans for an initial public offering to regulators, the maker of vegan food and drink products said on Tuesday. The company, which sells its Oatly brand of products in more than 20 countries across Europe and Asia, could be valued […]
