Lidar startup Luminar to go public in $3.4bn SPAC merger

Lidar startup Luminar to go public in $3.4bn SPAC merger

Luminar has agreed to a merger with blank-check company Gores Metropoulos, continuing a streak of such deals for companies in the automotive tech space. The agreement includes a $170 million direct investment led by Alec Gores, founder and CEO of private equity...
M&A deals come roaring back

M&A deals come roaring back

Nearly six months ago it seemed that dealmaking was done for the year as companies pulled back, needing to manage their own businesses during trying times rather than think about acquiring others. Soon after the onset of the coronavirus pandemic — and the sharp...
Blackstone just invested $275m in life sciences company Cryoport

Blackstone just invested $275m in life sciences company Cryoport

Shares of Cryoport, which provides logistic services for the life sciences industry, rose 9.8% Tuesday after the Blackstone Group agreed to invest $275m. The New York investment firm is buying $250m of Cryoport convertible preferred stock and $25m of common stock....
Buyout groups team up in €13bn battle for Italy’s Serie A

Buyout groups team up in €13bn battle for Italy’s Serie A

Private equity firms CVC Capital Partners and Advent International are preparing a joint bid of 1.3 billion euros ($1.54 billion) for a minority stake in Italy’s Serie A soccer league, the Financial Times reported on.ft.com/31yvOmR on Wednesday. Looking for ways...