Jul 8, 2024
Venture Capital
AI-driven automation startup Quantum Rise secured $15M in seed funding from Erie Street Growth Partners.
Astria, a blockchain ecosystem startup, closed a $12.5M funding round led by dba and Placeholder VC.
Cartken, a developer of autonomous delivery robots, raised $10M in a round led by 468 Capital.
Alcemys, a startup focused on decarbonizing cement and concrete, obtained $10M in funding from Norrsken VC.
SendBlocks, specializing in blockchain data management, raised $8.2M in seed funding.
Overseed, a French cannabis medtech startup, received $7.3M in funding from Blast.Club and UI Investissement.
Tree.ly, a European carbon offset startup, secured $5.4M in seed funding led by PortfoLion Capital Partners.
Altrove, a materials development startup, raised $4M in a funding round led by Contrarian Ventures.
Sensorita, a trash tech startup, closed a $3.3M seed round led by Brick & Mortar Ventures.
Vida, providing carrier-grade AI voice agents for SMBs, raised $3M in seed funding led by Stillmark.
Private Equity
Bain Capital and Cinven are considering a joint bid for Sanofi's $20B consumer health division.
ADNOC and Aramco are weighing bids for Santos, an Australian oil and gas producer with a $17.5B market cap.
Arkhouse Management and Brigade Capital Management increased their buyout offer for Macy's by $300M to approximately $6.9B.
Canada has conditionally approved Glencore's $6.9B acquisition of Teck Resources' steelmaking coal unit.
New Mountain Capital has submitted an all-cash take-private proposal for R1 RCM, valuing the healthcare services provider at around $6B.
KKR has agreed to acquire Varsity Brands, a school apparel maker, from Bain Capital for about $4.75B, including debt.
Carlyle is in exclusive talks to acquire Vantive, Baxter International's kidney care spinoff, for over $4B, including debt.
KKR and Francisco Partners are competing to acquire Instructure, an education software provider valued at $3.4B.
NCR Voyix is exploring the sale of its digital banking business, which could be valued at around $3B.
Hudson's Bay, the owner of Saks, will acquire luxury retailer Neiman Marcus for approximately $2.7B.
EQT and German billionaire Klaus-Michael Kühne are investing $1.2B for a 35% stake in German bus and train operator Flix.
Quest Diagnostics will acquire LifeLabs from OMERS for about $985M, including debt.
Paramount Global's board has approved a merger with Skydance Media.
Chinese EV maker BYD will acquire a 20% stake in its official Thai distributor, Rever Automotive.
UK home builder Crest Nicholson, with a market cap of about $700M, has rejected an all-share bid from Elliot-owned rival Avant Homes.
French insurance giant AXA is considering options for its investment manager, including a joint venture with BNP Paribas' asset manager.
L Catterton, a private equity firm, is looking to sell a stake in the Saudi Arabian gourmet food company Bateel.
IPO
BBVA shareholders approved a $10.8B share issue to bolster their hostile bid for Banco Sabadell.
Korean cloud company MegazoneCloud selected JPMorgan, Samsung Securities, and Korea Investment as lead underwriters for its IPO, which could value the startup at several billion dollars.
Indian renewable energy firm ACME Solar filed for a $360M local IPO.
India's Emcure Pharmaceuticals' $234M IPO attracted $11.2B in bids.
LATAM Airlines will proceed with the re-listing of ADRs and a secondary share sale.
New Funds
Veteran-led VC firm J2 Ventures, specializing in military healthcare, closed its second fund at $150M.