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| Blackstone-backed Oatly files for US IPO | |  | | (Courtesy of Oatly) | | | Oatly, a maker of plant-based milk and other products with celebrity investors like Oprah Winfrey, has confidentially filed for an initial public offering in the US. - Oatly could seek a valuation of roughly $10 billion for its public debut, Bloomberg reported.
- Last July, the Malmo, Sweden-based company raised $200 million from a group led by Blackstone, valuing it at $2 billion, according to a PitchBook estimate. Winfrey, Jay-Z's entertainment agency Roc Nation, actress Natalie Portman, former Starbucks CEO Howard Schultz, Orkila Capital and others also took part in the funding round.
- Verlinvest, a family-owned evergreen investment group that's based in Brussels, is said to be Oatly's largest shareholder.
| | | | | | | | | | VCs and enterprise companies accelerate investment in software development | | The digital era continues to put pressure on enterprises to improve software development capabilities and speed up internal processes, and VCs are targeting technologies that meet that demand.
Our latest installment of Emerging Tech Research includes market maps of venture-backed companies, technology overviews, and analysis of opportunities and risks in the DevOps industry. Key takeaways include: - DevOps providers raised $7.4 billion in VC funding in 2020, up from $6 billion in 2019.
- Increased recognition of DevOps as a strategy to drive digital transformation is fueling investment in related tools and technology; simultaneously, society is placing more value on the ability to shop, communicate, work and learn remotely.
- The DevOps space was active in IPO exits and M&A last year and we expect this trend to continue in 2021, particularly as several startups achieve late-stage unicorn valuations.
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| Accelerate into 2021 with global M&A insights | | Ansarada interviewed M&A experts in the Americas and APAC and conducted a survey of 50 leading dealmakers across Europe to round out a global perspective on what lies ahead.
The spirit that will define 2021 is one of resilience, readiness and transformation. The challenges posed by the pandemic are already being overcome by an intelligent approach, with clear standouts in areas of technology and better information governance.
What are the bold predictions for 2021? What will leading companies and their advisors double down on? What will help reduce risks and drive decision-making this year?
Download the report here | | | | | | | |
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| | A reflection on the life of Lawrence Ferlinghetti, owner of San Francisco's City Lights bookstore and spiritual godfather of the Beat generation. [The New York Times]
Experts predict that Europe will become the world's largest legal cannabis market in the next five years. Some growth equity firms want to make sure they don't miss out. [Private Equity News]
How a 1960s discovery in Yellowstone made millions of COVID-19 tests possible. [USA Today] | | | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 441 Deals | 1433 People | 416 Companies | 18 Funds | | | | | | |
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| Grafine hires former Providence Equity MD | | | Alternative asset management firm Grafine Partners has hired Julie Fisher as a managing director. Fisher's career includes 13 years at Providence Equity Partners, where she was a managing director and head of investor relations. Fisher will focus on business development and partner relationships with Grafine, which was founded in 2019. | | | | | | | | Steven Mnuchin preps investment fund | | | Former Treasury Department Secretary Steven Mnuchin has plans to start an investment fund and raise capital from sovereign wealth funds based in the Persian Gulf, The Washington Post reported. Mnuchin's fund would focus on fintech, entertainment and other sectors, the report said. Before heading the Treasury Department, Mnuchin was a Wall Street executive and movie producer. | | | | | |
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| Klarna eyes new funding at $31B valuation | | | Swedish installment loan company Klarna has plans to raise new funding that could range from $800 million to $1 billion, Bloomberg reported. The latest capital would reportedly triple the company's valuation to $31 billion. Last September, Klarna raised $650 million in a round led by Silver Lake at a $10.65 billion valuation, making it Europe's most valuable VC-backed fintech company. | | | | | | | | | SpaceX has landed $850 million for its latest financing round. The funding values the company at $74 billion, CNBC reported. Last August, SpaceX raised $1.9 billion at a $46 billion valuation, according to PitchBook data. | | | | | | | | Reddit brings in $367M+ for Series E | | | Reddit has now raised more than $367 million for its Series E, with plans to secure a total of $500 million for the round, according to an SEC filing. Earlier this month, the operator of an online discussion platform raised over $250 million for the round, valuing the company at $6.15 billion, according to PitchBook data. The new funding comes from both new and existing backers, TechCrunch reported. | | | | | | | | Zomato gobbles up $250M round at $5.4B valuation | | | | | | | | | Plume hits $1.35B valuation with new round | | | Smart home startup Plume has raised $270 million at a $1.35 billion valuation, more than doubling its total funding to $397 million. Insight Partners was the sole investor in the Series E for the Bay Area startup. Plume's wifi system offers self-optimizing connectivity, parental controls, motion sensing and other features. | | | | | | | | ScienceLogic picks up $105M | | | | | | | | | Anuvia harvests $103M Series C | | | Anuvia has raised $103 million in a round co-led by TPG ART and Pontifax AgTech, with participation from Generate and Piva Capital. The company, a producer of bio-based fertilizers and plant nutrients, plans to use the funding in part to commercialize operations. | | | | | | | | Shippo reveals $45M round | | | Shippo, the provider of an ecommerce shipping platform, has announced that it raised $45 million from existing backers and several angel investors in the last quarter of 2020, valuing the San Francisco-based company at about $500 million. In April, D1 Capital Partners led a $30 million funding for Shippo that valued it at $225 million, according to PitchBook data. | | | | | |
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| Apollo, GIP jump into Saudi pipeline auction | | | | | | | | | GTCR, Reverence ink $2.1B deal for Wells Fargo unit | | | GTCR and Reverence Capital Partners have agreed to acquire Wells Fargo Asset Management for $2.1 billion in a deal that's expected to close in the second half of this year. Wells Fargo will retain a 9.9% stake in the business, which has more than $600 billion in assets under management. Current WFAM CEO Nico Marais will continue to lead the company following the deal's completion. | | | | | | | | KKR seals $1B pact for Chilean fiber-optic network | | | KKR has agreed to acquire a majority stake in the Chilean fiber-optic network of telecom company Telefónica in a transaction worth around $1 billion. Telefónica will retain a 40% stake in the network as part of the deal, which will close sometime in the first half of 2021. Funds for the investment will come via KKR's Global Infrastructure Investors III fund, which closed on $7.4 billion in 2018. | | | | | | | | ArcLight Capital strikes $830M agreement for NGPL stake | | | | | | | | | TPG nearing deal with DirecTV | | | TPG Capital is close to purchasing a minority stake in DirecTV from telecom company AT&T in a deal that would value the satellite television provider at around $15 billion, according to reports. That would mark a massive discount after AT&T acquired DirecTV in a 2015 deal that valued it at some $67 billion, including debt. An announcement could reportedly come as soon as this week. | | | | | |
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| Reliance's Jio invests $200M in Kalaari Capital fund | | | | | | | | | Peak Rock ups target for Fund III | | | Peak Rock Capital has increased the target for its third flagship fund to $1.8 billion, Buyouts Insider reported. The Austin-based middle-market firm had originally set a target of $1.3 billion, but Fund III and a parallel vehicle launched in November have together raised more than $1.6 billion to date, the report said. Peak Rock closed its second namesake fund on $1.3 billion in 2018. | | | | | |
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| Estée Lauder to pay $1B for Deciem | | | Estée Lauder has agreed to take control of Canadian beauty and skincare company Deciem for $1 billion. The beauty products giant agreed to increase its stake in Deciem to 76% from 29% and buy the rest of the company after three years. The deal values Deciem at $2.2 billion. Estée Lauder initially invested in the company in 2017. | | | | | |
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