Jul 28, 2024
Venture Capital
Egyptian fintech MNT-Halan secured $156M at a valuation exceeding $1B from investors including DPI and Lorax Capital Partners.
Cowbell, a cyber insurance provider for SMEs, raised $60M in a Series C round led by Zurich Insurance.
Sports nutrition company Maurten obtained $21.6M in funding, with Iris Ventures leading the investment.
Fractile, a startup developing a new AI chip, raised $15M in a seed round led by Kindred Capital, NATO Innovation Fund, and OSE.
ZeroTier, a company specializing in secure network connectivity software, raised $13.5M in a Series A round led by Battery Ventures.
Passionfruit, a UK-based platform enabling businesses to collaborate with independent workers, secured $9M in a Series A round led by Seaya.
Energy management platform Greenely raised $8.7M in a Series A round led by Korys.
Primary Portal, a platform digitizing ECM processes for banks and asset managers, secured $7.5M in a Series A round led by DB1 Ventures.
Private Equity
Apollo has agreed to acquire International Game Technology's gaming division and gambling machines firm Everi in a $6.3B cash deal.
Sports PE firm Arctos Partners is in advanced discussions to support a management buyout of BCI's majority stake in European private credit giant Hayfin, valuing the company at $1.3B.
Convenience store chain Casey's General Stores will purchase gas station operator Fikes Wholesale in a cash deal worth approximately $1.2B.
Vital Energy is nearing an agreement to acquire PE-owned Point Energy Partners in an all-cash deal valued at $1.1B.
Regional lender WesBanco will acquire smaller rival Premier Financial in an all-stock deal valued at $959M.
Apollo Global has invested $700M in Sony Music.
German media group ProSiebenSat.1 is seeking buyers for its online businesses Verivox and Flaconi, with Verivox potentially valued at $543M.
Indonesia-based Yupi Indo Jelly Gum has attracted takeover interest from TPG, Blackstone, and KKR for a potential deal worth around $500M.
Qatar Airways is in talks to acquire a 20% stake in South African airline Airlink.
China-owned Sinochem is in negotiations to sell a minority stake in a Brazilian offshore oil and gas field to independent producer Prio.
IPO
Indian electric scooter company Ola Electric is targeting a valuation of approximately $4.3B in its IPO this week.
PE firm Thoma Bravo is looking to raise $2.7B by selling half its stake in Nasdaq.
Spot work startup Timee saw a nearly 30% rise in its Tokyo debut, achieving a valuation of approximately $1.1B.
Latam Airlines experienced a 2.9% increase in its trading debut following its $456M US IPO.
Chinese driverless technology startup WeRide has filed for a US IPO.
New Funds
PE firm One Equity Partners has raised $1.8B for its ninth flagship fund.
PE firm NGP has secured $500M for a fund dedicated to investing in the energy transition.
Lead Ventures launched a new $108M venture capital fund focused on Europe.
The IPO of Pershing Square's new closed-end fund has been delayed.