Private equity firm BGH Capital has proposed a A$607.3 million ($431.37 million) buyout of Australia’s Virtus Health after acquiring a 10% stake, the fertility services provider said on Tuesday, sending its shares up by more than a third. BGH proposed to pay A$7.10 per share, representing a 36% premium to the stock’s last close, after… Continue reading PE firm BGH Capital makes $431m bid for Australia’s Virtus Health
Category: Tech News
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Top investors don’t call Vietnam a frontier market anymore. Watch the video here
Thanks to attractive macro fundamentals, SE Asia’s fast-growing economies, Vietnam in particular, are increasingly grabbing the interest of global private equity powerhouses. “Now people don’t call Vietnam a frontier market anymore,” Conrad Tsang, chairman & co-founder, Strategic Year Holdings Limited, said during the Vietnam-focused panel discussion at the Asia PE-VC Summit 2021. What is driving the shift… Continue reading Top investors don’t call Vietnam a frontier market anymore. Watch the video here
SGX to ask companies to make climate, board diversity disclosures next year
The Singapore Exchange (SGX) will start requiring companies to provide climate-related reporting as well as disclosures on board diversity from next year, the bourse said on Wednesday. All issuers must provide climate reporting on a “comply or explain” basis in their sustainability reports from the financial year starting 2022. Climate reporting will become mandatory for issuers in the financial,… Continue reading SGX to ask companies to make climate, board diversity disclosures next year
Canoo ends partnership with VDL Nedcar to manufacture EVs in Europe, partners with VDL Groep
Electric vehicle startup Canoo is ending its deal with Dutch automotive manufacturing company VDL Nedcar to serve as its contract manufacturer in Europe, according to a Securities and Exchange Commission filing on Wednesday. A separate filing reveals that Canoo will also be exploring a new deal with VDL Groep, another Dutch auto manufacturing company, to… Continue reading Canoo ends partnership with VDL Nedcar to manufacture EVs in Europe, partners with VDL Groep
New York becomes largest US city to ban new gas hookups
The Big Apple just became the biggest city yet to say goodbye to gas hookups in new construction. New York City Council passed a bill today that prohibits the combustion of fossilfuels in new buildings, effectively phasing out the use of gas for cooking and heating. Addressing building emissions is critical to New York City… Continue reading New York becomes largest US city to ban new gas hookups
Ample’s John de Souza on the merits of B2B, company culture and investors who get it
The odds are against San Francisco-based electric vehicle battery swapping company Ample. Other companies have tried to build a business on exchanging dead batteries for fresh ones to solve the problem of long EV charge times: Fourteen years ago, Better Place raised nearly a billion dollars to do what Ample’s doing, and it ended up… Continue reading Ample’s John de Souza on the merits of B2B, company culture and investors who get it
Voly raises $13M led by Sequoia to deliver instant groceries in Australia
The trend that is instant grocery delivery — online ordering of essentials with your purchases being delivered to you in under an hour — continues to proliferate across multiple markets, and in the latest development, Sequoia is leading an investment in one out of Australia. Voly, a five-month-old Sydney-based startup that offers thousands of SKUs… Continue reading Voly raises $13M led by Sequoia to deliver instant groceries in Australia
To itemize or not to itemize? That is the question
Misconceptions can easily happen when it comes to filing taxes, but some aspects of income tax preparation have more than their fair share of misunderstandings. The largest breeding ground for misconceptions? Discrepancies over rules: The actual IRS rules versus the rules according to your best friend. The rules that you hear from others include timeless… Continue reading To itemize or not to itemize? That is the question
GM announces GMC Electric Sierra Denali pickup truck, releases teaser
GM announced today that the GMC Electric Sierra Denali pickup truck is going to follow the Hummer EV as GMC’s next electric vehicle. The automaker released a new teaser for the electric pickup truck. The first Hummer EV pickup truck is about to be delivered, and it’s going to mark the first new electric vehicle… Continue reading GM announces GMC Electric Sierra Denali pickup truck, releases teaser
Tesla is facing mounting lawsuits for ‘fostering a culture of sexual harassment’
Six current and former Tesla female employees have filed lawsuits against the company at the same time alleging that the automaker is “fostering a culture of sexual harassment.” The firm Rudy, Exelrod, Zieff & Lowe LLP is representing the six women who filed the lawsuits following another similar lawsuit filed by Jessica Barraza, an employee… Continue reading Tesla is facing mounting lawsuits for ‘fostering a culture of sexual harassment’