Fintech firm GloriFi plans U.S. listing with $1.7bn SPAC deal

Fintech firm GloriFi plans U.S. listing with $1.7bn SPAC deal

Fintech company GloriFi is planning a U.S. listing by merging with blank check firm DHC Acquisition in a $1.7bn deal. GloriFi, whose equity holders will roll forward 100% of their existing shares, will receive nearly $279m in cash proceeds, the companies said on...
British e-commerce firm THG ends agreement with SoftBank

British e-commerce firm THG ends agreement with SoftBank

British e-commerce group THG said it had terminated its collaboration with a unit of Japan’s SoftBank Group Corp due to challenging global market conditions. THG said it has completed the internal separation of its key divisions but the call option with SoftBank...
Italy’s FSI fund to invest in payments group BANCOMAT

Italy’s FSI fund to invest in payments group BANCOMAT

Italian fund FSI, the main investors in which include state lender CDP and the sovereign wealth funds of Kuwait and Singapore, has signed a preliminary deal for an investment in payments card and cash machine operator BANCOMAT. FSI and BANCOMAT have agreed the terms...