GPT acquires Ascot industrial for $850m

GPT acquires Ascot industrial for $850m

The GPT Group is paying Ascot Capital a speculated $850m for a portfolio of 28 investments. Containing a total lettable area of over 200,000 square metres, the properties – 24 warehouses and four offices – earn annual income of about $36m. The sale price reflects a...
Memic Innovative Surgery to Combine With SPAC MedTech Acquisition

Memic Innovative Surgery to Combine With SPAC MedTech Acquisition

Israeli medical-device company Memic Innovative Surgery on Friday unveiled plans to go public through a combination with blank-check company MedTech Acquisition Corp. The companies said the transaction gives Memic a pro-forma equity value topping $1bn, with roughly...
SoftBank-backed Argentine fintech valued at almost $2.5bn

SoftBank-backed Argentine fintech valued at almost $2.5bn

Ualá has established its place in the ranks of the unicorns of Latin America, despite the troubled economy in the country, while groups, including SoftBank and Tencent, use a regional shift from cash to digital services. The company secured $350m in private funding...