by Sebastian | Aug 13, 2021 | News
Reddit has raised $410m from Fidelity Investments at a valuation of about $10bn. Six months after closing a funding round that doubled its valuation, Reddit is locking in a roughly 50% increase, driven by money managers hunting for investments. The company said it...
by Sebastian | Aug 13, 2021 | News
Chrono24 has received a $1bn valuation after securing $116m of funding – some of which has come from LVMH-backed, Aglaé Ventures. The watch industry is one that markets itself on tradition and heritage which, unsurprisingly, makes it very resistant to change. These...
by Sebastian | Aug 13, 2021 | News, SEAPEC
The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp. A transaction could value the combined entity at about US$1.8bn...
by Sebastian | Aug 13, 2021 | News
CORE Industrial Partners LLC, a Chicago-based private equity firm, announced the acquisition of CGI Automated Manufacturing, a custom precision sheet metal fabrication solutions provider. CGI is CORE’s second investment from CORE Industrial Partners Fund II, a $465m...
by Sebastian | Aug 13, 2021 | News
EQT has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital. The transaction is expected to close in the fourth quarter, subject to regulatory approvals, SGT Capital said in a statement. It didn’t disclose financial...
by Sebastian | Aug 13, 2021 | News
Zooplus, one of Europe’s largest online pet supplies to retailers, said it had received and accepted a $3.5bn takeover offer from U.S. PE firm Hellman & Friedman. The offer represented a premium of 40% to the German company’s closing price on Thursday...
