10 Companies Raise Over $200M, Investors Raise $1.55B for New Funds, and $41B in M&A
October 9, 2023's biggest news in the private markets.
Amgen completed its $27.8B acquisition of Horizon Therapeutics after it received approval from the FTC last month.
Bristol-Myers Squibb will acquire cancer drugmaker Mirati Therapeutics for $4.8B.
Australian billionaire Gina Rinehart raised her stake in lithium producer Liontown Resources, which is being acquired by US miner Albemarle for $4.3B, to 16.7%, giving her enough leverage to possibly block the deal.
Germany’s billionaire Schaeffler family is considering a buyout of Vitesco Technologies Group to boost their presence in the EV supply chain; the family could announce a deal for the $3.2B company as soon as today.
RSK Group, a UK environmental, engineering, and technical services firm, is seeking to raise $607M through preferred equity to a new investor to fund growth.
State investor Abu Dhabi Investment Authority will acquire a 0.6% stake in Indian billionaire Mukesh Ambani’s Reliance Retail for $597M at a $100B valuation.
Italian club Juventus Football Club will seek to raise as much as $212M of new equity from shareholders after another annual loss.
Kombucha beverage brewer JuneShine is exploring a sale that could value the company at over $100M.
Disney is in talks with Adani, Sun TV Networks, and PE firms to sell its India streaming and television assets; Disney is weighing an outright sale, joint venture, and other options.
AirTrunk, an Australian data center operator backed by Macquarie, is considering strategic options including a minority stake sale.
France blocked the takeover of the French units of Canada’s nuclear supplier Velan by US-based Flowserve.
Regent, an electric seaglider startup, raised a $60M Series A co-led by 8090 Industries and Founders Fund.
On-demand personal rapid transit startup Glydways raised a $56M Series B led by New Science Ventures.
Immediate-access behavioral health crisis care startup Connections Health Solutions received a $28M growth round led by Town Hall Ventures.
Vibrant Planet, a wildfire protection and ecosystem restoration startup, raised a $15M Series A led by Ecosystem Integrity Fund.
Beat The Bomb, an interactive social video game company, raised a $15M Series B from Otium Capital, Conversion Venture Capital, and more.
Castelion, an El Segundo-based modern defense production company, raised a $14.2M round led by a16z and Lavrock Ventures.
Concentric Educational Solutions, a provider of an education support system, raised a $5M Series A led by New Markets Venture Partners.
Azumuta, a startup providing software for manufacturing process management, raised a $3M seed round led by PMV.
Atalan Tech, a startup providing a platform to accelerate early prediction and prevention of healthcare worker burnout and turnover, raised a $2.5M seed round led by Excelerate Health Ventures and OCA Ventures.
Velostics, a SaaS startup focussed on unified scheduling for shippers, raised a $2M seed round led by Starboard Star.
Energy PE firm Quantum Capital Group raised $1.4B for its Quantum Capital Solutions II to help finance new oil and gas wells and $650M for its first credit opportunities fund.
Insurance-focused VC Viewpoint Ventures closed its inaugural Viewpoint Fund I at ~$150M to invest in companies that solve problems in the insurance industry.