Reddit has raised $410m from Fidelity Investments at a valuation of about $10bn. Six months after closing a funding round that doubled its valuation, Reddit is locking in a roughly 50% increase, driven by money managers hunting for investments. The company said it...
Chrono24 has received a $1bn valuation after securing $116m of funding – some of which has come from LVMH-backed, Aglaé Ventures. The watch industry is one that markets itself on tradition and heritage which, unsurprisingly, makes it very resistant to change. These...
The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp. A transaction could value the combined entity at about US$1.8bn...
CORE Industrial Partners LLC, a Chicago-based private equity firm, announced the acquisition of CGI Automated Manufacturing, a custom precision sheet metal fabrication solutions provider. CGI is CORE’s second investment from CORE Industrial Partners Fund II, a $465m...
EQT has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital. The transaction is expected to close in the fourth quarter, subject to regulatory approvals, SGT Capital said in a statement. It didn’t disclose financial... 