Private jet startup JetSmarter said on Monday it had raised $105 million in financing from a range of investors including the Saudi Royal Family and rapper and businessman Jay Z.
2 min read · 12 December 2016
Private equity firm AnaCap Financial Partners said on Monday it had signed an agreement with Barclays (BARC.L) to acquire its French retail banking business after the bank completed consultations with employees.
1 min read · 12 December 2016
German healthcare group Bayer said on Monday it has set up a joint venture with U.S. life sciences venture capital firm Versant Ventures to invest US$225 million ($296 million) in a stem cell therapy company based in Toronto, Reuters reported. The investors said the financing, one of the largest ever for an initial round of venture capital funding for a biotech company, and the biggest of its kind in Canada, will allow scientists to focus on research and development of treatments for cardiovascular disease and neurodegenerative disorders over the next four years. The venture, BlueRock Therapeutics, is expected to initially employ 30 to 40 people in Toronto, and 70 to 80 people worldwide. It will be based primarily out of Toronto's MaRS Discovery District, one of the world's largest innovation hubs.
2 min read · 12 December 2016
French asset manager Amundi (AMUN.PA) has agreed to buy rival Pioneer Investments from Italian bank UniCredit CRDI.I for 3.6 billion euros ($3.8 billion), extending its reach in Europe and bringing in some much-needed capital for UniCredit, Reuters reported.
2 min read · 12 December 2016
Top executives from Alphabet Inc, Apple Inc and Facebook Inc are among a small group of tech leaders invited to a summit to be held on Wednesday by U.S. President-elect Donald Trump, Recode reported, citing sources.
1 min read · 12 December 2016
Swiss pharmaceutical manufacturer Lonza Group AG on Monday confirmed it is in advanced talks with private equity firm KKR & Co LP to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, Reuters reported.
2 min read · 12 December 2016
U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, sources told Reuters.
2 min read · 09 December 2016
Shares of Athene Holding Ltd (ATH.N) jumped as much as 9.2 percent in their debut on Friday, valuing the fixed annuity service provider at about US$8.25 billion in the year's largest financial IPO, Reuters reported. The offering raised about US$1.08 billion, all for selling shareholders. Bermuda-based Athene's backers include U.S. private equity firm Apollo Global Management, Ontario Teachers’ Pension Plan, and Procific, a unit of the Abu Dhabi Investment Authority.
2 min read · 09 December 2016
Buyout fund Blackstone is hiring banks to prepare for an initial public offering (IPO) of its warehouse firm Logicor, several people with knowledge of the situation said.
1 min read · 09 December 2016
Fixed annuity service provider Athene Holding Ltd (ATH.N) said its initial public offering of 27 million class A shares raised $1.1 billion after the offering was priced in the mid-point of its expected range, valuing the company at about $7.55 billion.
1 min read · 09 December 2016
