Private equity firms have been circling US sports outfitter Reebok, as Adidas looks to untether itself from its subsidiary.
November 09, 2020
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Private Equity Firms Circle Reebok
Private equity firms have been circling US sports outfitter Reebok, according to people familiar with the matter, as the brand’s corporate parent Adidas looks to untether itself from the long-term, awkward relationship with its subsidiary. Read more on Finanz
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Merck to Acquire VelosBio, for $2.75B
Merck (NYSE: MRK), known as MSD outside the United States and Canada, is through a subsidiary, is to acquire VelosBio Inc., a San Diego CA-based clinical-stage biopharmaceutical company, for $2.75 billion. Read more on Finsmes
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Vimeo Raises $150M
Vimeo, a NYC-based professional video platform, received a $150m equity investment. Backers included Thrive Capital and GIC. The deal values the software-as-a-service (SaaS) company at $2.75 billion. Read more on Finsmes.com
Analysis: Dealmakers See Divided U.S. Government Favoring M&A
Joe Biden’s projected win of the U.S. presidency and the Republican Party potentially retaining control of the U.S. Senate could drive a pickup in M&A that took a hit amid the COVID-19 pandemic, dealmakers said.. Read more on Reuters
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Here Comes The Next IPO Wave
Software stocks rallied as the summer-era trade appeared to come back into vogue, in which investors pour capital into SaaS and cloud companies in hopes of parking their wealth into something with growth potential. Read moreon Techcrunch.com
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How AI Predictions Fared Against Pollsters in the 2020 U.S. Election
Firms like KCore Analytics, Expert.AI, and Advanced Symbolics claim algorithms can capture a more expansive picture of election dynamics because they draw on signals like tweets and Facebook messages. Read more on Venturebeat.com
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U.S. Capital Raising and M&A Highlights
American International Group Inc said on Friday it is considering an IPO or a private sale of nearly 20% of its life and retirement business. Reuters
Apollomics, Inc., an biopharmaceutical company committed developing oncology combination therapies, announced the completion of a $124.2 million Series C Financing led by Ping An Capital. VCAonline
Banyan Software, Inc., an Atlanta-based company focused on acquiring enterprise software businesses, acquired RinkNet, a provider of a scouting and player management solution for hockey teams. Finsmes
Elliott Management Corp has taken a stake in software firm F5 Networks Inc making it one of the company's largest investors. Reuters
A blank-check company set up by veteran investor Bill Foley is in talks to merge with online payments firm Paysafe Group Ltd, which is backed by Blackstone Group Inc and CVC Capital Partners, Bloomberg reported on Friday. Reuters
Immortals Gaming Club, an Esports company, raised $26 million in funding from investors including Meg Whitman. It is also selling off its franchise for the Call of Duty League to 100 Thieves. Venturebeat
Edge, the end-to-end solution that connects and automates data, contract and payments, is pleased to announce investment of $1.5m. Edge’s investment was led by Blake Picquet, Manager of his family office. Fintechf
GoPuff, a delivery startup backed by SoftBank Vision Fund, said it’s buying brick-and-mortar liquor retailer BevMo! for about $350 million. MSN
rMark Bio, a Chicago, IL-based, an AI-driven life sciences company, received an investment from CerraCap Ventures. Details were not disclosed. Finsmes
SugarCRM Inc., a Cupertino, Calif.-based time-aware CX company, acquired W-Systems, a New Jersey-based CRM and marketing automation solutions and services provider. Finsmes
Sun Life Financial is considering a range of options to expand in Asia, including buying insurance and asset management firms and taking bigger stakes in existing joint venture partners. Reuters
Take-Two Interactive Software has made a bid to buy Dirt 5 publisher Codemasters for $973.8 million. Venturebeat
Telus Corp, a Canadian telecoms company, said its unit Telus International would buy data services provider Lionbridge AI in a $935 million deal. Reuters
International News
Top Startup Sectors Likely to Shape the Post COVID-19 Era
While the COVID-19 pandemic has shaken the world in an unprecedented way and brought many businesses to a halt, the enforced digitisation has accelerated the pace of various new and existing sectors. Read more on Eu-startups Image: wowomnom / Shutterstock.com
Pony.ai Hits $5.3B Valuation
Driverless car developer Pony.ai is now valued around $5.3 billion, thanks to a recent Series C funding round. The round was led by an investment arm of the Ontario Teachers’ Pension Plan. Read more on Pymnts.com Image: Tada Images / Shutterstock.com
Point Nine Closes Fifth Fund, at nearly €100M
Point Nine, a Berlin, Germany-based early stage venture capital firm, closed its fifth fund, at nearly €100m. Point Nine invests in B2B SaaS and B2B marketplaces, primarily in Europe and North America. Read more onFinsmes.com Image: Natasa Azdic / Shutterstock.com
Early Stage Venture Capital Firm Antler Launches in Berlin
Global early stage capital firm Antler is opening a new office in Berlin. The firm plans to invest in > 160 startups over the next four years across Central Europe. Read more onFinsmes.com Image : Ahmetov Renat / Shutterstock.com
Accenture Completes Acquisition of Salt Solutions
Accenture completed its acquisition of Salt Solutions AG, a Würzburg, Germany-based technology consultancy. Terms of the transaction, which Accenture announced on September 16, were not disclosed. Read more on Finsmes.com Image: 360b / Shutterstock.com
Switzerland Launches Green Fintech Network
Switzerland is setting up a Green Fintech Network to help the country take advantage of the "great opportunity" presented by sustainable finance. Read more on Finextra
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International Capital Raising and M&A Highlights
Better Collective, a Copenhagen, Denmark-based sports betting media group, recently completed the acquisition of Atemi Group, an iGaming lead generation company, for up to £40m. Finsmes
British Business Investments, a Sheffield-based investment management firm, recently announced a £30 million commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund. UKTN
Countrywide Plc, a British real estate agent said on Monday real estate management firm Connells Ltd has submitted an early-stage approach to buy the company in a deal valuing it at 127 million pounds ($167.39 million). Reuters
Mind Foundry, an Artificial Intelligence company that spun out of the University of Oxford’s Machine Learning Research Group, raised an additional €11.46 million in Series A funding led by Aioi Nissay Dowa Insurance. Eu-startups
Navenio, the healthcare scale-up whose location-based technology has been shown to double the throughput of hospital teams, has secured a £400,000 grant from the UK government and Innovate UK. UKTN
Nektar.ai, a Singapore-based productivity platform for sales teams, has raised $2.15 million in seed funding led by Nexus Venture Partners. Techcrunch
Novum, a Dresden, Germany-based battery monitoring startup, raised 7-digit in funding from Dr. Hettich Beteiligungen and High-Tech Gründerfonds. Finsmes
Orange has agreed to buy a 54% stake in Telekom Romania Communications from Deutsche Telekom's OTE, in a deal giving the Romanian unit an enterprise value of 497 million euros ($591.1 million). Reuters
Sonic Capital, an Asian venture capital and impact investment fund to be tokenized on the blockchain, launched by former Bitcoin.com CEO Stefan Rust, is looking to invest in startups that leverage blockchain for conservation and social equality. Finsmes
TripAdmit, an Irish startup which provides end-to-end online sales and distribution solutions for tour and activity providers raised €500K in seed funding from both international and Irish investors. Eu-startups
twinwin, a German startup which helps companies and employees with ‘separation management’ closed a first round of funding at €285K. Eu-startups
Uzabase Inc, a Japanese media company is selling U.S.-based online business news publisher Quartz to its co-founder and editor-in-chief nearly two and a half years after it bought the site in a deal valued at up to $110m. Reuters
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