U.S. private equity firm TPG Inc said on Monday it would buy alternative investment firm Angelo Gordon in a deal valued at $2.7 billion as it looks to bolster its credit investing business. Major private equity firms have been expanding beyond their mainstay business as the equity funding market loses steam. They are also strengthening… Continue reading TPG to buy investment firm Angelo Gordon in $2.7b dealAngelo Gordon, founded in 1988, will become a new investing platform within TPG.
Tag: People
Matrix Partners China latest to join Singapore rush with new officeThe VC firm, however, seeks to retain its long-term focus on the Chinese market.
Matrix Partners China, the Chinese franchise of US venture capital (VC) major Matrix Partners, has set up a new office in Singapore, making it the latest China-focused investment house to build a presence in the city-state. The Singapore office is, however, not primarily for investments in the city or Southeast Asia’s emerging markets, as the… Continue reading Matrix Partners China latest to join Singapore rush with new officeThe VC firm, however, seeks to retain its long-term focus on the Chinese market.
IFC considers $73m investment in Mahindra Group’s new subsidiary
International Finance Corporation (IFC), a member of the World Bank Group, is weighing a $73-million equity investment in the new subsidiary of Mahindra & Mahindra Limited (M&M), the flagship company of Mahindra Group. The new subsidiary, Mahindra LMM, will be incorporated to house M&M’s last-mile mobility business. It plans to incur a total capex of… Continue reading IFC considers $73m investment in Mahindra Group’s new subsidiary
TuSimple gets temporary reprieve from Nasdaq delisting
Autonomous trucking company TuSimple’s stock shot up 28% Monday after the company narrowly dodged a delisting from the Nasdaq stock exchange. TuSimple’s stock closed at $1.06 per share. TuSimple reported last week that it received a delisting notice from the Nasdaq for failing to file its quarterly report on time. The stock exchange was meant… Continue reading TuSimple gets temporary reprieve from Nasdaq delisting
Institut auf dem Rosenberg Unveils Design for Self-Sustaining Floating Habitat
Student-concepted vessel explores the ocean as new habitable space amidst climate change and rising sea levels HÖHENWEG, Switzerland, May 15, 2023 /PRNewswire/ — Pioneering Swiss boarding school Institut auf dem Rosenberg (Rosenberg) today unveiled its groundbreaking design for ‘Blue Nomad,’ a self-sufficient solar floating habitat. Blue Nomad was conceived by students in collaboration with SAGA Space… Continue reading Institut auf dem Rosenberg Unveils Design for Self-Sustaining Floating Habitat
Zoomlion Empowers Product and Market Development with Glocalization Strategy
CHANGSHA, China, May 15, 2023 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) shared the milestone achievements of their Glocalization strategy and future roadmap with its global partners and customers at its technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14. Continue Reading About 500 Zoomlion’s international… Continue reading Zoomlion Empowers Product and Market Development with Glocalization Strategy
Yanolja Cloud Acquires Leading B2B Travel Solution Provider, Go Global Travel, Enhancing its Global Presence and Technology Solution Offerings
Brings Yanolja Cloud extensive travel inventory of over 1 million products from 200 countries Reinforces Yanolja Cloud’s commitment to leading global digital transformation and enhancing the travel experience SEOUL, South Korea, May 15, 2023 /PRNewswire/ — Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, has announced the acquisition… Continue reading Yanolja Cloud Acquires Leading B2B Travel Solution Provider, Go Global Travel, Enhancing its Global Presence and Technology Solution Offerings
CEAT Specialty Showcases Advanced Tire Solutions at Brazil’s Agrishow 2023
SAO PAOLO, Brazil , May 15, 2023 /PRNewswire/ — CEAT Specialty, leading off- highway tire manufacturer, showcased its range of agricultural tires, at Agrishow 2023- Brazil’s largest agricultural technology trade show. The event was held from 1st to 5th May at Ribeirão Preto, Sao Paolo – Brazil. On display are CEAT Specialty’s VF technology tires- Torquemax… Continue reading CEAT Specialty Showcases Advanced Tire Solutions at Brazil’s Agrishow 2023
Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
ABU DHABI, UAE, May 15, 2023 /PRNewswire/ — Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours… Continue reading Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
Apax Funds make approximately $450m investment in travel tech company IBS Software
DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software