Indian ride-sharing giant Ola plans to raise up to $1bn through an initial public offering (IPO) and is finalising banks to advise on the fund-raise. Ola, backed by Japan’s Softbank Group, has roped in Citigroup, two people with direct knowledge of the matter said. It...
Fitness tracker startup Whoop said it had raised $200m funding led by SoftBank’s Vision Fund 2, valuing the company at $3.6bn. The company said it would primarily use the new capital to invest in research and product development, international expansion and...
KBC Bank Ireland has sold a portfolio comprising its remaining non-performing mortgage loans in a €1.1bn deal to funds managed by US private equity giant CarVal. KBC Bank Ireland has sold a portfolio comprising its remaining non-performing mortgage loans in a €1.1 bn...
Private equity firm Centerbridge Partners and Canadian pension fund Caisse de dépôt et placement du Quebec (CPDQ) are nearing a deal to buy TPG-backed Medical Solutions for about $2.3bn including debt. The deal for Medical Solutions, also known as Medsol, could be...
Private equity giant Baring, which owns the software firm Hexaware Technologies, is set to pick the $3bn offer from the Carlyle Group for the city-based company, according to a person with direct knowledge of the matter. The Carlyle Group – the Washington-based...
