Catherine Badour

Airspace Technologies raises $20 million as investors pile into logistics startups: Reuters

The latest startup aiming to bring new technology to the business of moving around cargo has raised $20 million in fresh funding, bolstering an already record year of fundraising for companies in the shipping and logistics sector, Reuters reported.

Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy: Reuters

Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors.

Cerberus in talks to take on $2.8 billion of NordLB's ship loans, say sources: Reuters

Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros ($2.8 billion) of non-performing shipping loans that the German public sector lender wants to shed ahead of a planned stake sale, sources told Reuters.

Snap reveals U.S. subpoenas on IPO disclosures: Reuters

The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.

WeWork gets $3 bln in new funding from SoftBank: Reuters

U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters.

Israeli cybersecurity firm XM Cyber raises $22 mln: Reuters

Israeli cybersecurity firm XM Cyber said on Tuesday it raised $22 million in a private funding round, bringing its total raised to date to $32 million.

Johnson Controls sells its power business to Brookfield in $13 billion deal: Reuters

Johnson Controls International Plc (JCI.N) said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion.

Israeli cyber firm NSO in talks to buy Fifth Dimension, say reports: Reuters

Israeli cyber surveillance company NSO Group is in talks to buy Fifth Dimension, a start-up chaired by former Israel Defense Forces Chief of Staff Benny Gantz, Israeli media reported on Monday.

Nuance Communications nears sale of imaging division, say sources: Reuters

Speech-recognition software provider Nuance Communications Inc (NUAN.O) is nearing a deal to sell its imaging division to Kofax, a company owned by private equity firm Thoma Bravo LLC, for about $500 million, sources told Reuters.

Australian PE snubbed twice in a day as firms seek higher offers: Reuters

BGH Capital, an Australian private-equity firm run by three star dealmakers, was rebuffed on two billion-dollar deals on Monday, underscoring how companies are trying to squeeze out better offers in a market crammed with cash-rich investors.