A lot happened in 2020, to say the least. But it was also the year of the special purpose acquisition company (or SPAC), also known as a “blank check company.” These are holding companies that go public with essentially no business attached. Their sole...
Chinese online tutor Zuoyebang has raised more than $1.6 billion in a new funding round from investors including Alibaba Group and SoftBank’s Vision Fund, the company said on Monday. Existing investors Tiger Global, Sequoia Capital China and FountainVest Partners have...
More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis...
Despite its status as a global private equity firm on a par with KKR and Carlyle, Apollo is a relatively unfamiliar name in Japan. Headquartered in a skyscraper on New York’s 57th Street, otherwise known as Billionaires’ Row, alternative investment manager Apollo...
Wrapping up 2020, this will certainly be a year to remember. Vaccines for Covid-19 are now coming out and we will soon have the privilege to sit back, take a deep breath and say “wow, what a year!” The cross-border M&A between the U.S. and Israel continued to be...
