Israel’s Hailo, which is developing a chip for deep learning, said on Tuesday it has raised $12.5 million, bringing its total raised to date to $16 million, Reuters reported.
1 min read · 05 June 2018
The listing of Adyen, the Dutch firm whose payments processing technology is used by Facebook and Netflix, got off to a strong start on Tuesday when investor demand for its shares covered those on offer within an hour, Reuters reported.
2 min read · 05 June 2018
Dubai-based private equity firm Abraaj said on Monday its secured creditors are expected to “imminently conclude” a standstill on its debt obligations, Reuters reported.
1 min read · 04 June 2018
Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, sources told Reuters.
2 min read · 04 June 2018
White Star Capital, the start-up funder co-founded by ex-technology deals banker Eric Martineau-Fortin, has raised a second, $180 million fund that was significantly oversubscribed, Reuters reported.
1 min read · 04 June 2018
Scandinavian payments group Nets is planning to merge with German peer Concardis in a roughly $6 billion transaction, adding to a string of deals in the rapidly consolidating industry, Reuters reported.
2 min read · 04 June 2018
German online furniture retailer Home24 has set the price range for its initial public offering (IPO) at 19.50 to 24.50 euros, which would give it a market value of 530 million to 650 million euros ($618-758 mln) following its stock market flotation, Reuters reported.
2 min read · 01 June 2018
Private equity firm KKR & Co LP (KKR.N) wants to buy divisions from Japanese companies seeking to streamline their businesses in the world’s third-largest economy, co-Chief Executive Henry Kravis said on Friday.
1 min read · 01 June 2018
China’s Pengxin International Mining Co Ltd (600490.SS) is in advanced talks to buy Indonesian gold and silver mine Martabe from a consortium led by EMR Capital, for about $1.5 billion, the Wall Street Journal reported on Friday, citing sources.
1 min read · 01 June 2018
Japan’s Toshiba Corp said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.
1 min read · 01 June 2018