Cloud communications platform provider Twilio Inc TWLO.N plans to buy customer data infrastructure company Segment for $3.2 billion, Forbes reported.
October 12, 2020
Cyndx Insights is your daily window to the business world, focusing primarily
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Daily Insights reports and categorizes financial news from U.S., Europe and Asia for full global insights.
U.S. & Canada
Twilio to Buy Cloud Computer Data Startup Segment for $3.2 Billion: Forbes
Cloud communications platform provider Twilio Inc TWLO.N plans to buy customer data infrastructure company Segment for $3.2 billion, Forbes reported on Friday. Read more on Reuters.com
Image: rafapress/ Shutterstock.com
Red Sox Owner to Take Fenway Sports Public Through Merger with Redball
Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday. Read more on Reuters.com Image: Marcio Jose Bastos Silva / Shutterstock.com
SPAC Filings Last Week...Including Shaquille O'Neal, Kevin Mayer
Thirteen new SPACs were formed last week as of Friday afternoon. . Among the big names tied to SPACs this week are basketball legend Shaquille O’Neal and billionaire Alec Gores. Read more on Crunchbase.com
Image: Ted Alexander Somerville / Shutterstock.com
Exxon's No Good, Very Bad Week
Exxon's week was particularly challenged and two new reports detailed the toll COVID-19 has taken on energy-industry jobs. It's not great...and the energy industry is entering a new phase focused on returns, which is likely to bring a wave of consolidation. Read more on MSN.com Image: Katherine Welles / Shutterstock.com
Bill Ackman Offers New Hints On Possible Targets For His Record-Breaking SPAC
Pershing Square Tontine Holdings is looking at employee-owned and family-controlled businesses for a potential merger, Ackman told investor Whitney Tilson in an interview, according to Bloomberg. Read more on MSN.com Image:Andy Dean Photography/ Shutterstock.com
Wall Street is Helping Private Equity Recycle its Old Assets
Private equity firms are prolonging the shelf lives of their aging assets with deals that are proving increasingly popular with managers, but not with all investors. Firms under pressure to offload assets from their expiring funds are opting to repackage them. Read more on MSN.com Image: Photon photo / Shutterstock.com
ESG Investing: What You Need to Know Now with Clement Perrette
Research provider ETF Flows says ESG (environmental, social, and governance) investments are continuing to grow, up $15 billion in the year’s first two quarters of 2020. The coronavirus pandemic has cast ESG practices into the spotlight. Read more on Finsmes.com Image: Carlos Amarillo / Shutterstock.com
How Capital One is Using Tech To Improve Online Shopping
By building and investing in digital tools like Eno and Capital One Shopping, Capital One is creating a digital banking experience that provides customers with the tools and resources they need to have confidence and control of their finances. Read more on Venturebeat.com Image:David Cardinez / Shutterstock.com
U.S. Funding & Capital Raising Round Up
JobGet, a leading mobile hiring app, announced a $2.1 Million Seed funding led by Pillar VC with participation from Data Point Capital Partners, Crocker Mountain Capital, EO Ventures. VCNewsdaily.com
Earthly Technologies, a Redwood City, Calif.-based new company creating software build tooling for the post-container era, closed a $2m seed funding round, led by 468 Capital. Finsmes.com
Deep Desert Beverage, Inc. announced the completion of its $1.65m Series B funding round to launch its line of premium, non-alcoholic, cannabis-infused beverages in California during the first quarter of 2021. VCAonline.com
Newlight Technologies, Inc., a producer of an ocean-degradable biopolymer called PHB using air and greenhouse gas, closed a $45M Series F financing round. Valedor Partners and GrayArch Partners in completed the round. Finsmes.com
Pontifax AgTech Management, a growth capital investor in the global food and agriculture sector, announced the final close of its second fund, Pontifax Global Food and Agriculture Technology Fund II, with commitments totaling $302 million. VCAonline.com
Clair, an early stage fintech startup, which wants America’s 82 million hourly workers and 57 million gig workers to get paid as quickly as Uber pays their drivers today: instantly, announced a $4.5 million seed round led by Upfront Ventures. VCAonline.com
Array, an Oklahoma City and Austin-based app for operations and workflow automation processes, has received an investment from Cortado Ventures. VCnewsdaily.com
Donut Lab, a game studio, has raised $1.6 million to finish making its Kids vs Zombies multiplayer shooter mobile game. Level-Up of Luxembourg. Venturebeat.com
U.S. & Canada
Deals of the Day: M&A and Strategic Investments
G4SGFS.L , the private security firm said on Friday that U.S. rival Allied Universal has expressed interest in making an offer for the British company, which is currently in a hostile takeover battle with Canada's GardaWorld. Reuters.com
GenNx360 Capital Partners, a NYC-based PE firm, in partnership with B2B Industrial Packaging LLC and American Machinery Works, Inc., acquired B2B Industrial and the assets of AMW Packaging Supply. VCAonline.com
Daniel Och, billionaire investor who founded hedge fund Och-Ziff Capital Management, said in a filing on Friday that he plans to raise $750 million through a blank check acquisition vehicle. Reuters.com
YCharts, a financial data and charting service, announced that it has been purchased by LLR Partners, a private equity firm. The deal was estimated at between $135 million and $270 million. Techcrunch.com
Bandwidth(NASDAQ: BAND), an enterprise cloud communications company announced it signed a definitive agreement to acquire Voxbone, an international enterprise cloud communications leader, for an enterprise value of €446 million EUR. PRNewswire.com
Cyndx International News
EQT is Said to Explore Takeover of $11 Billion Dutch Carrier KPN
QT AB, the European private equity firm, is considering a takeover of Dutch phone company Royal KPN NV in what would be its largest-ever acquisition, people with knowledge of the matter said. Read more on MSN.com
Image: metamorworks / Shutterstock.com
Jaguar Raises US$700m From High-yield Bond as Rolls-Royce Aims for £1bn
Two of the best-known UK-based brands turned to the high-yield bond markets last week to shore up their finances in the wake of the economic damage caused by the coronavirus pandemic.
Read more on Ifre.com
Image: Arcansel / Shutterstock.com
Paynetics Acquires Wirecard UK and Ireland Corporate Card Portfolio
Bulgarian e-money institution Paynetics has acquired the corporate payout card portfolio of Wirecard UK and Ireland. Wirecard originally acquired the corporate card portfolio from Citi three years ago. Read more on Finextra.com Image:Ascannio / Shutterstock.com
Tim Hortons' UK Expansion to Create 2,000 Jobs
Canadian fast food brand Tim Hortons is planning a major expansion in the UK, hoping to capitalise on increased demand for drive-through dining. The growth could create around 2,000 new jobs, the franchise operator said. Tim Hortons, which is known for its coffee and donuts, opened its first UK location in 2017 and now has 23 locations.
Read more on Bbc.com
Image: Ken Wolter/ Shutterstock.com
London Stock Exchange In Talks With Indian Tech Firms To List Overseas
London Stock Exchange is in talks with several Indian technology firms for their overseas stock listings, a senior executive for the British exchange told news agency Reuters, as New Delhi moves closer to allowing companies to directly access foreign markets. Read more on Ndtv.com
Image: Victor Moussa / Shutterstock.com
Thai Union Invests in Singapore and US foodtech Startups
Thailand-based seafood producer Thai Union will invest in the foodtech venture capital firm VisVires New Protein as well as three foodtech startups, from its $30 million corporate fund launched last year.
Read more on Asia.nikkei.com
Image :Monofaction/ Shutterstock.com
Oil Giant Total Invests in Hydrogen Truck Startup Hyzon Motors
The huge multinational oil-and-gas company Total SE is investing in the hydrogen fuel cell truck and bus startup Hyzon Motors, the companies announced this morning.
Read more onAxios Image: Alexander Kirch / Shutterstock.com
Europe & Asia Funds & Capital Raising Round Up
Gitpod, a Kiel, Germany-based open source developer platform to automate the provisioning of ready-to-code development environments, raised $3M USD in seed funding. Finsmes.com
Zowie, an AI-based customer support system, has raised around €508K in seed funding from a collective including Central European venture capital fund Inovo Venture Partners. Eu-startups.com
Ÿnsect, an insect farming startup, extended its Series C funding to $372m. The new funding from Astanor Ventures, Upfront Ventures, FootPrint Coalition, Happiness Capital, Supernova Invest and Armat Group brought total financing to $425m. Finsmes.com
Diurnal Group announced a proposed conditional placing with institutional investors to raise up to £8m. The AIM-traded firm said the funds would be used primarily to support the continued development of its third product, ‘DITEST’. Sharecast.com
Flash Express, a logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new Series D financing round led by PTT Oil and Retail Business Public Company Limited. Techcrunch.com
AC Ventures wants to tap into the fast-growing internet economy, Indonesia, with its $80 million ACV Capital III L.P. fund. The firm announced the first close of the fund today, with $56 million already committed. Techcrunch.com
Richard Branson’s satellite-launch business Virgin Orbit is looking to raise up to $200 million in a funding round that could value it at around $1 billion, The Wall Street Journal reported on Sunday. Reuters.com
Miko, an Indian robotics company, raised 23Cr in Pre-Series B funding, led by Stride Ventures and existing investors Chiratae Ventures, YourNest Capital and Mr. Keshav Murugesh. Finsmes.com
NAG Studios, a Stockholm, Sweden-based gaming startup, raised $1M in pre-seed funding led by LVP with participation from Antler. LVP partner Are Mack Growen joins the board as part of the funding. Finsmes.com
Capify, a fintech SME lending platform, announced it closed an £8 million equity round and continued support from Goldman Sachs Merchant Banking Division through its existing credit facilities. Fintechf.com
Joko, the cashback app that rewards all the spending of its users, has raised €10 million in investment funding bringing the total amount raised by the startup to €12 million in two years.. UKtech.news
Razorpay, the Indian payments processor has joined the Unicorn ranks, after raising $100 million in Series D financing, co-led by Singapore’s sovereign wealth fund, GIC, and Sequoia. Finextra.com
Europe & Asia
Deals of the Day: M&A and Strategic Investments
Dun & Bradstreet Holdings, Inc, through its subsidiary Dun & Bradstreet Holdings BV, announced that it has entered into a definitive agreement to purchase the outstanding shares of Bisnode Business Information Group AB. Fintechf.com
Boxlight Corporation (Nasdaq: BOXL), a provider of interactive technology solutions for the global education market, acquired Sahara Presentation Systems PLC, a UK leader in distributed and manufactured AV solutions. Finsmes.com
Making the News
A federal judge in California on Friday ruled in an injunction request that Apple IncAAPL.O could bar Epic Games's "Fortnite" game from its App Store but must not harm Epic's developer tools business, which includes the "Unreal Engine" software used by hundreds of other video games. Reuters.com
Swiss ReSRENH.S and carmaker DaimlerDAIGn.DE announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk. Reuters.com
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