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Clean Energy Storage Maker Moxion Raises $100 Million
Moxion Power Co., which produces clean, mobile energy storage technology, said it has secured $100 million in Series B funding, which it will use to scale production at two new domestic manufacturing facilities. The company also signed a strategic partnership with Sunbelt Rentals, which will purchase Moxion units through 2025...
Opto Investments Secures $145 Million in Series A Funding
Opto Investments, a provider of technology solutions for registered investment advisors, has announced it has emerged from stealth with $145 million in Series A financing. The company operated in temporary secrecy as “LIT.” Tiger Global led the round with participation from 8VC, a technology and life sciences investment fund, along with MSD Capital, Clocktower Ventures, FinVC, and HOF Capital...
Stonepeak to Acquire Intrado’s Public Safety Telecom Business
Alternative investment firm Stonepeak has entered into a definitive agreement with Intrado Corporation to buy its 40-year-old public emergency telecommunications services for $2.4 billion. Intrado’s Safety business has been the foundation for the U.S.’s 911 infrastructure, which connects callers with first responders and public safety dispatchers...
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Corebridge Financial Is Year’s Biggest IPO, Highlighting Sullen Market
As the U.S. initial public offering (IPO) market endures a lackluster year, AIG spinoff Corebridge Financial looks to be its most significant prospect yet. The insurance company is seeking to raise $1.8 billion. The amount would constitute a quarter of 2022’s proceeds, Bill Smith, Co-Founder and Chief Executive Officer of Renaissance Capital...
RedBird Capital Buys A.C. Milan for $1.2 Billion
An investment firm with ties to the New York Yankees and Boston Red Sox has acquired seven-time European soccer champion A.C. Milan. RedBird Capital Partners’ $1.2 billion purchase of the Italian league champion is the latest in a series of sports industry acquisitions...
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$2.4B Three-Way Merger to Tackle Kidney Disease, Offer Value-Based Care
A triumvirate of kidney care providers have announced a three-way, $2.4 billion deal to form a value-based company targeting early-stage disease. InterWell Health, Fresenius Health Partners, and Cricket Health will combine their varied expertises to create an industry leader on track to having $11 billion in costs under management by 2025...
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Thoma Bravo to Acquire Australian Tech Firm Nearmap
Private equity firm Thoma Bravo is set to take over Australian aerial imagery company Nearmap Ltd. for $728.5 million, the company said. The offer represented a premium of close to 39% over Nearmap’s stock closing price the day before the deal was disclosed...
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Avalara to Go Private in $8.4 Billion Deal with Vista
In one of the largest take-private deals this year, tax software platform Avalara Inc. said it has agreed to be acquired by private equity firm Vista Equity Partners for $8.4 billion including debt. Vista secured a $2.5 billion loan from private lenders and has brought in institutional investors as co-investors, according to Reuters...
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Thoma Bravo to Buy Ping Identity for $2.8 Billion
Private equity firm Thoma Bravo will acquire software security company Ping Identity Corporation in a $2.8 billion all-cash deal, taking it private, Ping announced in early August. Thoma Bravo will pay $28.50 per share, which is 63% over Ping’s closing share price the day before the announcement, the company said...
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Cookie-less Adtech Company Seedtag Raises $252 Million
Seedtag, a Spanish advertising startup that uses AI tools to match clients with consumers, has raised more than $252 million from a single investor, Advent International, which will be used for expansion beyond Europe. The eight-year-old adtech company has responded to the need for an alternative to cookies...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...