Bain Capital Ventures, which has backed companies including LinkedIn and DocuSign, said on Tuesday it will start investing in "angel" investors - early-stage investors who are often the first source of capital for startups, providing a relatively small amount of money.
2 min read · 16 May 2017
BiomX, which is developing drugs using microbiome bacteria, said on Monday it raised $24 million in an early stage funding round led by OrbiMed, Jonhnson & Johnson Innovation and Takeda Ventures.
1 min read · 16 May 2017
JPMorgan Chase & Co has shaken up its Asia Pacific top management, naming new heads for mergers and acquisitions and equity capital markets, Reuters reported.
1 min read · 16 May 2017
Chinese shoe retailer Belle International Holdings posted an 18 percent drop in its annual profit on heightened competition from e-commerce, likely bolstering the chances of success for a $6.8 billion buyout offer targeting the firm, Reuters reported.
2 min read · 16 May 2017
U.S. teen fashion retailer Rue21 Inc filed for Chapter 11 protection on Monday in the Western District of Pennsylvania bankruptcy court, Reuters reported.
1 min read · 16 May 2017
Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc (ETSY.O), the Brooklyn-based online retailer of handmade goods, Reuters reported.
2 min read · 16 May 2017
U.S. buyout firm TPG Capital Management has raised its cash bid for Fairfax Media Ltd, offering A$2.76 billion (US$2.04 billion) for the struggling Australian publisher and sending its shares to a six-year high, Reuters reported. The fresh offer from TPG and partner Ontario Teachers' Pension Plan Board would allow shareholders to cash out completely rather than leaving them with scrip in a piecemeal collection of small assets including radio, regional newspapers and television streaming. Fairfax is the publisher of The Sydney Morning Herald and The Australian Financial Review, but its best-performing asset is property listings website Domain, which has boomed amid the decline of newspaper earnings.
2 min read · 15 May 2017
Scientific instruments maker Thermo Fisher Scientific Inc (TMO.N) is in talks to buy Patheon NV (PTHN.N), Bloomberg reported late on Sunday.
1 min read · 15 May 2017
Shares of Gardner Denver Holdings Inc (GDI.N) rose as much as 6.5 percent in their stock market debut on Friday, giving the U.S. industrial machinery maker a market value of about $4 billion, Reuters reported.
2 min read · 14 May 2017
Music streaming service Spotify, most recently valued at $13 billion, will be the first major company to carry out a direct listing on the New York Stock Exchange when it goes public later this year or early next year, Reuters reported.
3 min read · 14 May 2017
