Canoo Holdings Ltd, a U.S. electric vehicle startup already working with South Korea’s Hyundai Motor, will go public later this year at a value of $2.4 billion and aims to start delivering vehicles by the second quarter of 2022. It has joined forces with a so-called...
ADS Initiative is seeking critical mass to achieve an ambitious goal: persuade the $4tn private equity industry to adopt a data reporting standard that clarifies investment costs and performance. The US-based not-for-profit group now counts more than 10 members,...
Bain Capital clinched a $1.2 billion deal on Tuesday to buy Japanese nursing-home operator Nichiigakkan after fending off a higher, last-minute bid from rival Baring Private Equity Asia. Some financial industry professionals criticised Bain for closing its bid despite...
The largest hedge fund in the world, Bridgewater Associates, dumped a number of investments in the second quarter as the coronavirus pandemic recovery raged. The hedge fund, founded by billionaire investor Ray Dalio, exited 153 holdings entirely and decreased holdings...
Even as global markets reeled through the first half of 2020, venture funds filled their coffers with $61.3bn, representing a multiyear high, according to data provider Preqin. The amount collected by funds globally in the first half of 2020 was 19% greater than in... 