Fidelity’s Eight Roads Ventures Europe has raised a new $375 million fund, its third, with plans to invest in growth-stage tech firms across Europe and Israel that aim to scale up globally, the venture firm said on Tuesday.
2 min read · 20 March 2018
U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy and was ending all non-disclosure agreements that may have silenced some women, Reuters reported.
2 min read · 20 March 2018
Cloud storage company Dropbox Inc’s initial public offering was oversubscribed, sources told Reuters, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.
2 min read · 19 March 2018
Alibaba Group Holding Ltd (BABA.N) said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region, Reuters reported.
3 min read · 19 March 2018
Caisse de depot et placement du Quebec (CDPQ), one of Canada’s biggest public pension funds, has relied on private equity firms to invest in leveraged corporate buyouts. Now it is building its own investing team to depend less on buyout firms as middle men, Reuters reported.
2 min read · 19 March 2018
Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic, Reuters reported.
1 min read · 19 March 2018
Swiss packaging maker SIG Combibloc is preparing an autumn stock market listing in Zurich that could value it at about 4.5 billion euros ($5.5 billion), sources told Reuters.
2 min read · 16 March 2018
Abu Dhabi state investor Mubadala Investment Company is considering a partial or total sale of Spanish oil and gas company Cepsa and would use proceeds for expansion, a Mubadala spokesman told Reuters on Friday.
2 min read · 16 March 2018
Nippon Steel & Sumitomo Metal Corp (5401.T) on Thursday said it will buy Sweden’s Ovako which makes specialty steel used in industries including wind power generation and robotics, a move that gives Japan’s biggest steelmaker a manufacturing base in Europe.
2 min read · 15 March 2018
African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion), Reuters reported.
2 min read · 15 March 2018
