FlashParking to merge with parking services platform Arrive

FlashParking to merge with parking services platform Arrive

U.S. parking management software maker FlashParking Inc said on Tuesday it would merge with Arrive Inc, an online platform that allows drivers to find and book parking spaces. The COVID-19 pandemic has spurred demand for fully digitized and touchless alternatives to...
Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Royal Philips NV has shortlisted a clutch of Asian suitors in the bidding for its home appliance unit, which could fetch at least 3 billion euros ($3.7 billion), people with knowledge of the matter said. Philips invited Chinese buyout firm CDH Investments and domestic...
Oak Hill Closes Fifth Fund at $3.8 Billion

Oak Hill Closes Fifth Fund at $3.8 Billion

Oak Hill Capital today announced that it has successfully closed Oak Hill Capital Partners V, a ~$3.8 billion private equity fund. OHCP V was significantly oversubscribed, surpassing its target of $3.0 billion and exceeding Oak Hill Capital Partners IV by over 40%....