Alternative Investment news & headlines
Latest breaking stories, features and analysis
- Dunkin' Brands agreed to sell itself to Inspire Brands on Friday.
- Inspire will pay Dunkin' shareholders $106.50 per share.
- Dunkin' investors are getting a 30% premium versus a 30-day average.
Latest Alternative Investment news
Shares of Beyond Meat Inc (NASDAQ: BYND), a maker of plant-based meat-alternative food products, gained nearly 10% on Tuesday after the company said in a press release it expanded its presence at retail giant Walmart Inc (NYSE: WMT). Tripling in size Beyond Meat said in a Tuesday press release that the world’s largest retailer agreed to carry its plant-based products at 2,400 stores in the U.S. as soon as next week. This marks an increase of thre...
Shares of Comcast Corporation (NASDAQ: CMCSA) gained more than 3% on Tuesday after notable activist investor Trian Fund Management bought a relatively small stake in the media giant, The Wall Street Journal reported Monday evening. Undervalued thesis Trian bought $900 million worth of Comcast’s stock recently, giving it a stake of around 0.4% in the parent company of NBC, Telemundo, CNBC, USA Network, Universal Pictures, among many other media as...
Silicon Valley-based venture capital firm Lightspeed Venture Partners announced that the firm would be expanding its operations by entering into Southeast Asia. Lightspeed officially announced the establishment of office at its regional headquarter in Singapore. In April 2020, Lightspeed Venture announced the closing of $4.2 billion fresh fundraisings across three funds. The funds were – $890 million for early...
On September 10, Virtusa Corporation (NASDAQ: VRTU) announced that it had signed a definitive merger agreement with Baring Private Equity Asia (BPEA). The Baring PE will be acquiring all Virtuas’ outstanding common stock for $51.35 per share in an all-cash transaction, translating into approximately $2.0 billion deal valuation. The $51.35 per share implies the 16.2x Firm Value / Trailing Twelve Months EBITDA as of June 30, 202...
Founded in 2017, New York-based financial technology startup Capitolis received an $11 million funding from Citi, J.P. Morgan and State Street. Capitolis is a software-as-a-service (SaaS) provider having a platform that provides financial resource optimization for capital markets. Capitolis is expected to use the funds for technology and product development, as well as for enhancing sales and marketing initiatives in coming periods. Capitolis ha...
We look at the Top 11 industries that were positively affected by COVID-19 and how these industries will fare over the coming year
On September 3, Daniel Kamensky, the principal of Marble Ridge Capital was criminally charged with securities fraud, wire fraud, extortion and obstruction of justice by the US Department of the Justice. The official link can be found here. Daniel Kamensky, 47, has been alleged to pressurise the rival bidder (investment bank) not to bid for the assets related to Neiman Marcus’ bankruptcy. That way, he could get the assets for himself at...
Germany-based Auxmoney has announced the fundraising worth €150 Million in growth capital in a round led by Centerbridge Partners. This deal is mentioned to be the biggest fintech capital raising deal in the eurozone region in 2020 so far. In addition to the current funding, private equity firm Centerbridge Partners will also be acquiring the additional shares from the existing shareholders in Auxmoney and thus is expected to become a major...
Based in Taranaki, New Zealand, Greenfern Industries has launched an equity crowdfunding campaign to raise NZ$ 4.0 Million. Total retail investment is limited to NZ$ 2.0 Million (50%), and the rest of the NZ$ 2.0 Million (50%) is restricted to Wholesale or Qualifying Investors. The NZ$ 0.2 Million of the wholesale category has already been issued. The minimum investment value is NZ$ 500. Medicinal cannabis company Greenfern Industries chose the...
Headquartered in Bengaluru, edtech startup Unacademy raised funding worth $150 Million led by Japanese multinational conglomerate SoftBank. With the recent fundraising, Unacademy has entered into a unicorn club by having valuation at around $1.45 Billion. The funding round also consisted of investment from existing shareholders General Atlantic, Facebook, Blume Ventures, Sequoia Capital and Nexus Venture Partners. On 2nd September, co-founder an...
A Berlin-based Venture Capital Fund, BITKRAFT Ventures has announced the closing of a new $165 Million venture fund that will be used for Seed and Series A investments in various companies related to the Game Studios, Interactive Platforms and Immersive Technologies. BITKRAFT Ventures is founded by former ESL CEO and G2 Esports chairman Jens Hilgers. The new fund’s investor list consists of many renowned names. Under corporate investor cate...
On September 1st, the US Dollar dropped towards multi-year lows against most major currencies. Investors are expecting the Federal Reserve’s new policy framework would translate into lower US interest rates as compared to interest rates in other countries. The dollar index fell to a two-year low at 91.775. The dollar index volatility is expected to continue in the coming periods as the first week of September is full of macroeconomic data r...
BlackBull Markets – a multi-asset broker in New Zealand becomes a licensed broker after receiving a derivative issuer by the New Zealand’s financial regulator, the FMA. BlackBull Markets, the trading name of BlackBull Group Limited, offers different types of trading services – including Forex, CFDs, and commodities. The trading company was created in 2014 and since operated as a registered (but unlicensed) financial service provider in New Zealan...
On 4th August 2020, two explosions occurred at the Port of Beirut. The second explosion was related to 2750 tonnes of ammonium nitrate blast. This explosion is considered to be one of the largest artificial non-nuclear explosions in history. Beirut’s Mar Mikhaël area is very well known for fashionable trendy boutiques, art galleries, antique furniture stores. This area is right across the Port of Beirut, where the blast took place. The city’s des...
KPMG Private Enterprise recently shared its Venture Pulse Q2 2020 report. The report provides a great insight into the global and local venture capital industry. In this article, we have provided a super-condensed and summarized version of the major trends, challenges and opportunities in the global venture capital market for Q2 2020. You can read the KPMG report here. Globally, venture capital-backed companies raised almost $62.9 Billion funds a...
On 30 July 2020, Crestview Partners announced an investment into Upwell Water LLC, a water-focused specialty finance company. San Francisco-based Upwell Water’s services consist of providing liquidity and investment solutions to water-related assets. The company acquires and finances water assets. Upwell Water got spun out of Upwell, LLC, a holding company for purpose-driven platform companies. With a recent Crestview Partners’...
Boston based investment firm, Berkshire Partners along with the CrossFit’s incoming CEO Eric Roza, announced buying the global gym brand CrossFit from former CEO and founder Greg Glassman for an undisclosed amount. “Following a month of hard work by several dozen individuals on our respective deal teams, I’m delighted to report we have signed the final contract to purchase 100% of CrossFit from Greg Glassman. I will be joi...