Bird Rides said on Wednesday it would merge with blank-check company Switchback II Corp to go public in a deal valuing the electric scooter rental company at $2.3bn. The scooter startup said the deal would be supported by a private investment of $160m from Fidelity...
Paris-based private equity house Eurazeo is to sell its 49% stake in the Virginia-based automotive online advertising firm Trader Interactive for a sum reported to be $624m. The sale is being made to Carsales, the largest online automotive advertising platform in...
Germany’s top-flight soccer league has drawn up a shortlist of buyout funds, including KKR and Bridgepoint, to buy a 25% stake in its overseas broadcasting rights, people close to the matter told Reuters. European private equity firm CVC has also advanced to the...
Mid-market private equity firm Livingbridge has successfully raised $1.7bn for its Livingbridge 7 fund, ahead of its final close. Launched in April 2020 and with a hard cap of about $1.8bn, this fundraise marks the firm’s largest to date – nearly double the size of...
Drawn by a growing investor appetite for alternative strategies and returns, more and more fund managers are entering the market. Yet raising, operating and reporting on a fund for the first time brings a host of tactical and operational challenges. Read the... 