IFM Investors has acquired a 49% stake in Splend, a $200m startup providing vehicle financing solutions for rideshare drivers. The investment aims to fuel Splend’s growth, enabling the company to expand its platform and fleet while strengthening its presence in key...
Global private equity and venture capital deal activity saw a 24.7% increase in value in 2024, reaching $639bn, according to S&P Global Market Intelligence. This growth comes despite a 6.5% decline in the volume of transactions, reflecting rising valuations and...
New Forests, a global sustainable investment manager, has raised €410m in the first close of its latest fund, focused on climate and forestry initiatives. The fund, supported by European investors such as pension funds, insurers, and family offices, aims to reach a...
OpenAI has added Adebayo Ogunlesi, CEO of Global Infrastructure Partners, to its board. Ogunlesi will help the company secure the infrastructure needed to advance artificial intelligence development. GIP, a private equity firm managing over $100bn in assets, owns...
Hellas Verona, a Serie A football club, has been acquired by Presidio Investors, a private equity firm based in Texas. The firm has purchased 100% of the club from its long-standing owner, Maurizio Setti. This acquisition makes Hellas Verona the ninth club in Serie A... 