Apr 24, 2024
Venture Capital
Perplexity (AI search engine): Raised ~$250M Series B at a $2.5B-$3B valuation, investors unspecified.
Campus (Community college platform): Raised $23M Series A extension, led by Founders Fund.
Framework (Repairable laptop): Raised $17M Series A-1, led by Spark Capital.
Outpost (Managed semi-truck parking facilities): Raised $12.5M Series A, led by GreenPoint Partners.
HighByte (Industrial software): Raised $12M Series A, led by Standard Investments.
401GO (Retirement plan provider): Raised $12M Series A, led by Next Frontier Capital.
Zefir (Proptech, Paris): Raised $12.1M, led by Zigg Capital and Sequoia Capital.
Summer Health (Digital health platform): Raised $11.7M Series A, led by 7wire Ventures and Lux Capital.
Prophet Security (AI-powered security platform): Raised $11M seed round, led by BCV.
Texture (Data platform for renewable energy): Raised $7.5M seed round, led by Abstract Ventures, Day One Ventures, Equal Ventures.
Aquabattery (Climate tech for saltwater LDES solution): Raised $6.6M seed round, led by EIT InnoEnergy.
Prime Intellect (Decentralized AI platform): Raised $5.5M seed round, led by Distributed Global and CoinFund.
Bump (Platform for creators): Raised $3M seed round, led by ImpactX, Capitalize, Serac Ventures.
SustainAble Exchange (Sustainable commerce platform): Raised $2M seed round, led by Jeff Hallstead.
Private Equity
Bunge's acquisition of Viterra: Canada found competition concerns with the $34B deal, including debt.
Uniti Group and Windstream: Communications infrastructure REIT Uniti is in advanced talks to reunite with Windstream in a deal worth up to $15B, including debt.
CVC Capital Partners and Recordati: Exploring options for its controlling stake in the $11.8B Italian drugmaker.
US lawsuit against Tapestry’s acquisition of Capri Holdings: The US sued to block the $8.5B acquisition due to concerns over luxury goods competition.
IBM and HashiCorp: IBM is in advanced talks to acquire software company HashiCorp valued at $5.9B.
Seven Group Holdings and Cleanaway Waste Management: Australian conglomerate exploring acquisition of Cleanaway, with a market cap of ~$4.3B.
PAI Partners and Audiotonix: Acquiring a majority stake from Ardian in a deal valued at ~$2.5B.
JD Sports Fashion and Hibbett: UK retailer JD Sports Fashion agreed to acquire US sportswear retailer Hibbett for $1.1B.
Ithaca Energy and Eni’s UK fields: Acquiring almost all of Eni’s UK oil and gas fields in a ~$940M stock deal.
Luigi Lavazza and IVS Group: Coffee roaster Lavazza agreed to buy vending machine maker IVS Group in a $697M cash deal.
Infinite Reality and Drone Racing League: Metaverse firm acquired the Drone Racing League for $250M.
Redwood Capital Investments and Marquette Transportation: Nearing a deal to acquire BDT & MSD Partners' majority stake in Marquette Transportation.
Allfunds Group: Abandoned discussions over a potential sale of its European fund distribution platform.
IPO
Eletrobras: Obtained approval for a $780M public share sale of its stake in power grid operator CTEEP.
Rubrik: Microsoft-backed cloud and data security startup's $713M IPO is approximately 20 times oversubscribed.
Nexamp: Independent renewable energy provider secured a $520M capital raise led by Manulife Investment Management.
Spinneys 1961: UAE franchisee of supermarket chain Spinneys is seeking to raise $375M at a ~$1.5B valuation in its Dubai IPO.
ChaPanda: Hong Kong’s biggest IPO of 2024 saw shares drop 38% in its debut after raising $331M.
Fidelidade-Companhia de Seguros: Portuguese insurer, controlled by China’s Fosun International, planning a 2025 IPO.
New Funds
The Sterling Group: Industrial middle-market private equity firm raised $3.5B for its sixth PE fund.
Fundamental Advisors: Investment firm is seeking $1.5B for its latest flagship fund, focused on municipal assets.
Crosslink Capital: Early-stage venture capital firm closed its tenth flagship VC fund at $350M.
Strattam Capital: Private equity firm closed its third flagship PE fund at $308M, targeting investments in founder-led tech companies.
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