Private equity managers are turning to specialty borrowing facilities to make sure they can survive the coronavirus pandemic, the Financial Times (FT) reports, though this could pose its own new set of difficulties. According to FT, specialist lenders have been popular as ways to provide...
Greenbriar Equity Group L.P., a New York investment firm in the logistics sector, led a $500 million Series A preferred stock financing for Uber Freight, putting its value at $3.3 billion, Uber Technologies Inc. announced Friday (Oct. 2). Under the terms of the investment, Uber...
Hims, a direct-to-consumer (D2C) company selling health products targeted at millennials, is going public via a special purpose acquisition company (SPAC), CNBC reported. Hims was started three years ago and is sometimes called Hims & Hers, targeting both men’s and women’s health brands. The company...
Mubadala Investment Co. has put more cash into Reliance Retail Ventures Ltd, a division of Reliance Industries Ltd. in India. Reliance Industries, the global conglomerate whose businesses include retail, energy, textiles, natural resources and telecommunications, announced on Thursday (Oct. 1) that the Abu Dhabi, United...
General Atlantic, a New York-based global growth equity firm, announced it will invest 3,675 crore into RRVL, a subsidiary of Reliance Industries in Mumbai, India. General Atlantic’s investment represents a 0.84 percent equity stake in RRVL on a fully diluted basis, the company said. The...
Alternative investment firm Apollo Global Management Co-Founder Josh Harris said he thinks the trend of special purpose acquisition companies (SPACs) is not a flash in the pan, CNBC reported. SPACs are blank-check development-stage shell companies that only exist to help other companies go public, at...
Online commerce platform VTEX completed a fund-raising round that puts its valuation at $1.7 billion, the company said in a news release Wednesday (Sept. 30). VTEX calls itself “the world’s first and only fully integrated commercial marketplace-OMS platform” and said the new funding round of...
Chinese search engine and artificial intelligence (AI) giant Baidu is accelerating its push into the booming voice assistant sector that has spawned AI celebrities like Alexa. Citic Private Equity Funds Management is teaming up with Baidu Capital and IDG Capital to pump an undisclosed amount...
The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). “The fact that...
