Aug 5, 2024
Venture Capital
Bilt Rewards, a loyalty program designed specifically for renters, has secured $150 million in funding, with Ontario Teachers’ Pension Plan (OTPP) leading the round.
Contextual AI, a startup focused on developing tailored language models for businesses, has raised $80 million in a Series A round led by Greycroft.
Private Equity
Mars, the global food giant, is considering the acquisition of Kellanova, a publicly traded snack maker valued at $20 billion.
Neuberger Berman, an asset management firm, is close to finalizing a deal to purchase a minority stake in Nord Anglia, an international school operator, at a valuation of $15 billion, including debt.
Dun & Bradstreet, a data and analytics provider with a market value of $5.5 billion, is exploring the possibility of a sale.
Spanish energy company Iberdrola has agreed to acquire an 88% stake in grid operator Electricity North-West from a consortium for $2.7 billion.
Flywire, a payments processor with a $2.5 billion market cap, is exploring a potential sale following takeover interest.
GDS Holdings is seeking a $1 billion investment for its non-China data center subsidiary, GDS International.
Carlsberg has announced plans to acquire the remaining 33% stake it does not already own in its South Asia unit for $744 million.
Japan's Mitsubishi UFJ is set to acquire an 8% stake in Globe Telecom's Philippine fintech arm, GCash, for $393 million, valuing the company at $5 billion.
23andMe, a genetic testing firm, has rejected a $200 million take-private offer from its CEO, Anne Wojcicki.
Energy engineering firm McDermott International is considering the sale of its storage and tank business.
Hartree Partners, an energy trading firm, has agreed to acquire the commodities business of ED&F Man.
IPO
SoftBank and South Korea's Naver plan to reduce their stake in Japan’s Line app operator, LY, through a $1 billion tender offer.
Aurora Innovation, a self-driving truck startup, has raised $483 million through a follow-on public offering (FPO).
The IT services division of LG is gearing up for an initial public offering (IPO) in South Korea, potentially as early as 2025.
AI chipmaker Cerebras Systems is aiming to go public with an IPO in October.
Mexican fashion retailer Grupo Axo is weighing the possibility of an initial public offering (IPO).
New Funds
Knox Lane, a middle-market investment firm, has closed its second institutional fund, securing $1 billion.