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May 7, 2021

Private Equity (TRBC level 5)

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Toshiba shares surge on imminent CEO resignation, bidding war expectations

Reuters
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign. FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo,......

Exclusive: GameStop initiates search for new CEO – sources

Reuters
(Reuters) – GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood......

Domino’s, Nuro to start robot pizza delivery in Houston

Reuters
FILE PHOTO: A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo SAN FRANCISCO (Reuters) – Domino’s Pizza Inc and Nuro Inc, a Silicon Valley startup, said on Monday they will launch robotic pizza delivery in Houston this week, seeking to capitalize on......

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

Exclusive: China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters
BEIJING/HONG KONG (Reuters) – China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office......

Vaccitech, startup behind AstraZeneca-Oxford’s COVID-19 vaccine, files for U.S. IPO

Reuters
FILE PHOTO: Vials of Oxford/AstraZeneca’s COVID-19 vaccine are pictured at a vaccination centre in Bierset, Belgium March 17, 2021. REUTERS/Yves Herman/File Photo (Reuters) – Biotech startup Vaccitech Plc, which owns the technology behind the COVID-19 vaccine developed by Oxford University and AstraZeneca Plc, filed for a U.S. initial public offering......

Breakingviews – Capital Calls – Cellebrite good times

Reuters
A Cellebrite forensic device extracts data from a Samsung mobile phone during a demonstration at a training centre in Beijing, China June 19, 2018. REUTERS/Cate Cadell NEW YORK (Reuters Breakingviews) – SOMETHING TO CELLEBRITE. Controversy over cops breaking into people’s cellphones is heading to a stock exchange near you. Israeli......

Breakingviews – Capital Calls – KPN’s buyout window gets narrower

Reuters
The KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. LONDON (Reuters Breakingviews) – DUTCH COURAGE. Buyout barons eyeing up KPN are having to contemplate an increasingly narrow door. The Dutch telecom firm’s shares have risen nearly a third since October, when Bloomberg first reported that......

Creators’ platform Patreon valued $4 billion in latest funding round

Reuters
(Reuters) – Patreon Inc, a platform that lets artists seek financial patronage from their fans, said it was valued at $4 billion in its latest funding round, more than tripling from September last year. The San Francisco, California-based company raised $155 million in the fresh round led by new investor......

Insurer Genworth terminates $2.7 billion buyout deal with China Oceanwide

Reuters
(Reuters) – Genworth Financial Inc has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co, the U.S. insurer said on Tuesday. Originally proposed in October 2016, the merger was stalled for years over concerns about Chinese access to sensitive data of U.S. citizens. Shares of......

Payments giant Stripe expands to Middle East with Dubai office

Reuters
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration DUBAI (Reuters) – Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by......

Global money market funds obtain highest inflows in 14 weeks – Lipper

Reuters
(Reuters) – Investments into money market funds surged to the highest this year in the week ended March 31, as investors favoured safety amid a fall in bond prices and fresh lockdowns in Europe, with the region grappling to contain a rising number of coronavirus infections. FILE PHOTO: Rolled Euro......

3i Infrastructure to buy 60% stake in DNS:NET for 182 million euros

Reuters
(Reuters) – UK-listed investment company 3i Infrastructure said on Thursday it has agreed to invest 182 million euros ($213.23 million) for a 60% stake in German telecommunications provider DNS:NET. 3i Infrastructure, which is buying the stake from private equity fund Deutsche Beteiligungs AG, said it will also provide additional funding......

Sensex, Nifty fall weighed by financials

Reuters
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photo BENGALURU (Reuters) – Indian shares fell on Wednesday, after gaining more than 2% in the previous session, pressured by financial stocks, as rising U.S. Treasury yields renewed concerns of foreign......

Explainer: Why Archegos Capital was in U.S. regulators’ blind spot

Reuters
By Michelle Price, Lawrence Delevingne WASHINGTON (Reuters) – Some global banks are facing billions of dollars in losses after a U.S. investment firm, named by sources as Archegos Capital Management LP, defaulted on margin calls, putting investors on edge about who else might be exposed. 888 7th Ave, a building......

Factbox: The protagonists in the Grindr story

Reuters
(Reuters) – The parties involved in the $620 million sale last year of dating app Grindr Inc gave information to a U.S. national security panel that contradicted disclosures to potential investors and Chinese regulators, Reuters reported on Monday. Many of these discrepancies center on ties between the acquirer, Chinese-American businessman......

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