Canva nearly doubles valuation to $6B with new funding

Canva nearly doubles valuation to $6B with new funding

Canva has raised $60 million in a round that values the Sydney-based company at $6 billion. The funding comes less than a year after the graphic design business raised $90 million at a $3.2 billion valuation in October, according to PitchBook data. Co-founded in 2012...
Ares nearly doubles target for opportunities fund

Ares nearly doubles target for opportunities fund

Ares Management has closed its first special opportunities fund on $3.5 billion, blowing past an original $2 billion goal. The news comes shortly after Bain Capital raised $3.2 billion for a similar vehicle focused on distressed debt and special opportunities,...
Wirecard Explored Deutsche Bank Tie-Up in 2019

Wirecard Explored Deutsche Bank Tie-Up in 2019

Before its meltdown in an accounting scandal, Wirecard AG toyed with a deal to vault into the global financial elite. The embattled payments-processing company last year considered a tie-up with Deutsche Bank AG and even approached the lender with the idea, according...
Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Bill Ackman’s blank check company is seeking to raise as much as $6.45 billion through an initial public offering combined with a commitment from the billionaire’s hedge fund. The company known as Pershing Square Tontine Holdings Ltd. doesn’t specify what sectors it...