| |
| |
| Hot or not: Where European VC funding went in 2020 | |  | | With its $160 million round, e-scooter startup Voi helped Sweden hit $3.2 billion of venture funding in 2020. (Courtesy of Voi) | | | Including Israel, European companies collected $46 billion in venture funding as of Dec. 14, outpacing last year's high, according to PitchBook data.
The UK still accounts for the majority of VC deal flow in the region. But deal value in the country increased less than 2% in 2020, PitchBook data shows. For other countries, including Norway and Germany, it was a year when venture investment soared to new highs. | | | | | | | | | | Dyal, Owl Rock make $12.5B SPAC deal official | |  | | (Suppachok Nuthep/Getty Images) | | | Dyal Capital Partners and Owl Rock Capital have formally announced plans to combine their operations by merging with a SPAC, with the transaction valuing the two asset managers at a combined $12.5 billion.
Dyal, which specializes in GP stakes investing, and Owl Rock, which is known for its direct lending, will combine with Altimar Acquisition, a SPAC launched by HPS Investment Partners. Dyal already owns existing stakes in Owl Rock and HPS. The deal also involves a $1.5 billion PIPE investment from several investors, including Iconiq Capital and an affiliate of Koch Industries. The new entity will be known as Blue Owl Capital, trading under the OWL ticker on the NYSE.
Earlier this month, when news of the deal first came to light, our analyst team examined what the SPAC-backed mega-merger will mean for the private equity industry. | | | | | | | | | | At the end of 2019, the pharmaceutical sector was the most despised industry in the US. My, how times have changed. [Bloomberg]
An unexpected new cash crop is emerging as a tantalizing option for farmers looking to bounce back from several years of lower prices—and to help save the planet. [The Wall Street Journal]
So many things about the world have changed during the past nine-plus months of the pandemic. One of them might be the way we think about our privacy. [Recode] | | | | | |
|
| |
| | Since yesterday, the PitchBook Platform added: | | 406 Deals | 1252 People | 366 Companies | 24 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2015 Vintage Global Funds-of-Funds | | | | | | |
|
| |
| | | WeRide has raised a $200 million Series B1 from commercial vehicle manufacturer Yutong Group. The funding follows a $150 million round the Guangzhou-based startup raised in 2018. WeRide, which is a developer of tech for autonomous vehicles, obtained China's first driverless testing permit in July. Yutong and WeRide plan to collaborate on developing self-driving buses. | | | | | | | | Drug discovery startup nails down $109M Series A | | | Neomorph, which uses targeted protein degradation to develop drug therapies for cancer and other diseases, has raised $109 million. Established by Deerfield Management earlier this year, the San Diego-based company plans to use the new funding in part to advance lead programs and expand its research team. | | | | | |
|
| |
| Symplr adds on TractManager | | | Symplr, which develops governance, risk management and compliance software for the healthcare industry, has purchased TractManager from Arsenal Capital Partners. Based in Texas, TractManager is a fellow provider of healthcare management software that Arsenal had owned since 2013. Symplr, meanwhile, has been a portfolio company of Clearlake Capital and SkyKnight Capital since 2018. | | | | | | | | Calera recaps logistics company | | | Calera Capital has completed a majority recapitalization of FitzMark, a provider of logistics and brokerage services for the freight industry. Calera's investment was made alongside Scott Fitzgerald, the founder and CEO of the Indianapolis-based company. | | | | | |
|
| |
| New Mountain set for $1.3B software exit | | | New Mountain Capital has agreed to sell Sparta Systems, a New Jersey-based provider of quality management software for the life sciences sector, to Honeywell for $1.3 billion in cash. New Mountain has backed Sparta since 2017, when it acquired the company from Thoma Bravo in an SBO. | | | | | | | | Roark plans IPO for owner of Meineke, Maaco | | | Driven Brands, an automotive upkeep franchising giant owned by Roark Capital Group, has filed to go public on the Nasdaq. The company's portfolio of brands includes Meineke, Maaco, Carstar and Take 5 Oil Change. With more than 4,100 locations, the North Carolina-based company generated some $600 million in revenue for its fiscal 2019, representing a 37% compound annual growth rate since Roark acquired the company in 2015. | | | | | | | | Nuro takes over fellow self-driving startup Ike | | | Nuro has acquired Ike in a merger of two self-driving vehicle startups. Two-year-old Ike is developing autonomous technology for the trucking industry, and Nuro focuses on last-mile delivery. Nuro has owned a minority stake in Ike since 2018. Ike has reportedly raised more than $50 million in funding from investors including Redpoint Ventures, Bain Capital and Fontinalis Partners. | | | | | | | | AT&T buys tech to aid HBO Max expansion | | | WarnerMedia, a unit of AT&T, has bought You.i TV, which offers technology to build video apps for mobile, streaming and gaming devices. WarnerMedia plans to use the technology to deploy its HBO Max streaming app worldwide. You.i TV had received prior funding from investors such as WarnerMedia, Kayne Anderson and Wise Ventures. | | | | | |
|
| |
| Joe Montana's Liquid 2 Ventures eyes $100M | | | Liquid 2 Ventures, an early-stage venture firm led by football legend Joe Montana, has set a $100 million target for its third fund, according to an SEC filing. The firm's portfolio includes Colombian delivery startup Rappi, healthtech company Nurx and GitLab, a maker of open-source tools used by software developers. | | | | | |
|
| |
| Outdoors retailers to combine in $785M deal | | | The Great American Outdoors Group has agreed to pay $18 per share to acquire Sportsman's Warehouse, valuing the Utah-based seller of outdoor gear and sporting goods at $785 million. Based in Missouri, Great American is already the owner of Bass Pro Shops, Cabela's and White River Marine Group. Shares of Sportsman's Warehouse closed up nearly 40% after the deal's announcement. | | | | | |
|
| |
| |
|
No comments:
Post a Comment