Novacap raises record $1.9bn for TMT VI

Novacap raises record $1.9bn for TMT VI

Canadian private equity firm Novacap has closed Novacap TMT VI (TMT VI) at USD1.865 billion, making it the largest fund raised by the firm to date. The total includes significant commitments from Novacap’s partners and employees as well as from the Novacap...
Origin Materials to go public via $1.8 bln SPAC merger

Origin Materials to go public via $1.8 bln SPAC merger

Carbon-negative products maker Origin Materials said on Wednesday it has agreed to go public through a merger with blank-check firm Artius Acquisition Inc, in a deal that values the equity of the combined entity at $1.8 billion. The deal will provide Origin with gross...
Asda: How to buy a £6.8bn supermarket for £780m

Asda: How to buy a £6.8bn supermarket for £780m

The Issa brothers have completed the deal to buy Britain’s third-largest supermarket chain. Asda was valued at £6.8bn, but the brothers and the investment firm TDR Capital paid just £780m. The rest was borrowed. So how does this kind of deal work? And will it...