by Sebastian | Jan 11, 2022 | News
Estonian startup Bolt said on Tuesday it had raised $711.40m from investors led by Sequoia Capital and Fidelity Management and Research Co, taking its valuation to $8.38bn. Bolt, a rival of Uber’s ride-sharing and food delivery business, last raised funding in August...
by Sebastian | Jan 11, 2022 | News
KKR has reached out to Saudi Arabia’s sovereign wealth fund as it seeks co-investors to join its proposed acquisition of Telecom Italia, people with knowledge of the matter said. KKR approached the Public Investment Fund, which is chaired by Saudi Crown Prince...
by Sebastian | Jan 10, 2022 | News
Most of the private equity industry has been enriched during the pandemic — but a select group has had a particularly good time. Eleven listed private equity firms collectively gained nearly $240bn in market value in 2021. Against that backdrop, a growing number of...
by Sebastian | Jan 10, 2022 | News
Government retirement funds are pumping record sums into private equity, defying concerns about risk and cost as they try to plug pension shortfalls. U.S. pension funds’ private-equity investments swelled to an average 8.9% of holdings in 2021 after three years of...
by Sebastian | Jan 10, 2022 | News
Healthcare revenue management firm R1 RCM said on Monday it would buy peer Cloudmed in an all-stock deal worth about $4.1bn, including debt. Upon the deal’s closing, R1 shareholders will own about 70% of the combined company on a fully diluted basis and Cloudmed...
