CoreWeave Eyes $8B Valuation, Francois-Henri Pinault Nears $7B Hollywood Deal, and Redwood Materials Secures $1B in Series D Funding
August 31, 2023's biggest news in the private markets.
Mergers, Acquisitions, & Investments:
CoreWeave's Exciting Venture: Backed by Nvidia, they're on the brink of a minority stake sale, potentially skyrocketing their value to a whopping $8B!
Hollywood's Next Big Deal: French billionaire Francois-Henri Pinault is on the cusp of a stellar $7B acquisition, aiming for a majority stake in Creative Artists Agency - the powerhouse behind stars like Brad Pitt and Chris Paul.
Singapore's Asset Showcase: GLP, a prominent real estate logistics provider, unveils a staggering $7B in assets for the state-backed China Logistics Group to peruse, as negotiations heat up.
MaryRuth Organics' Big Decision: With options on the table, including a potential sale, this vitamin mogul could see its valuation soar to an impressive $1B.
The Battle for Sculptor Capital: Led by the renowned Boaz Weinstein, an investor consortium ups their bid to $731M. Yet, Sculptor's eyes are still set on Rithm Capital’s $639M offer, citing fewer risks.
Novo Nordisk's Expansion Spree: The weight loss drug titan is set to acquire Embark Biotech, a Danish appetite suppression pioneer, in a deal worth up to $512M.
Watts Water's Strategic Acquisition: As a leader in water products, they're gearing up to acquire Bradley, a plumbing aficionado, in a $303M deal.
Instem's European Connection: The British life sciences software giant has nodded to a $257M private deal, joining forces with the French PE firm, Archimed.
NFL's Ownership Shuffle: Billionaire Thomas Tull is in the spotlight, negotiating to boost his stake in the Pittsburgh Steelers, eyeing shares from sports magnates Josh Harris and David Blitzer.
Venture Capital
Redwood Materials' Green Revolution: With a whopping $1B Series D funding, they're leading the charge in lithium-ion battery recycling, boasting a $5.25B valuation. Kudos to Goldman Sachs Asset Management, Capricorns Technology Impact Fund, and T. Rowe Price for leading the way!
Altafiber's Network Boost: Securing a robust $600M, this fiber network provider is supercharged for the future, thanks to its dedicated investors.
CIM Group's Renewable Vision: With a fresh $417M in their pocket, they're backing Terreva Renewables, the game-changer in RNG development.
Hyperproof's Compliance Mastery: Raking in $40M, this SaaS risk and compliance guru is set to redefine industry standards, with Riverwood Capital at the helm.
Epigenic Therapeutics' Genetic Breakthrough: This biotech prodigy, focused on gene modulation therapy, secured a promising $32M Series A, championed by Qiming Venture Partners and OrbiMed.
Rewaa's Retail Revolution: From Saudi Arabia, this all-in-one retail platform has garnered a cool $27M Series A, with Wa’ed Ventures leading the charge.
QuantHealth's AI Magic: Predicting clinical trial outcomes with AI, they've secured a $15M Series A, thanks to Bertelsmann Investment and Pitango HealthTech.
SatSure's Galactic Insights: This Indian startup, mastering satellite Earth data, has attracted a stellar $15M Series A, championed by Baring Private Equity Partners India.
Voxel AI's Safety First Approach: With AI-driven workplace enhancements, they've secured a solid $12M, led by the safety experts at Rite-Hite.
Praso's Retail Empowerment: Boosting small retailers in Brazil, they've clinched a $9.3M Series A, backed by Valor Capital Group and NFX.
PatchRx's Medication Mastery: Streamlining medication management, they've secured an $8M boost from Atento Capital.
Confirm's Analytical Edge: Revolutionizing performance reviews with network analysis, they've attracted a $6.2M Series A, led by Spero Ventures.
Context.ai's Analytic Prowess: With $3.5M in funding, they're set to redefine LLM-powered app analytics, thanks to GV and Theory Ventures.
Nevia Bio's Women's Health Vision: This early-stage trailblazer secured a $3M seed round, championed by MindUP Digital Health Incubator.
Videobot's Interactive Wave: From Finland, this video chat innovator has attracted a $2.2M round from a consortium of tech enthusiasts.
Fianu Labs' Governance Genius: Streamlining software governance, they've secured a $2M seed round, led by the tech gurus at DataTribe.
Allume Energy's Solar Surge: With a $1.5M seed round, they're set to light up the solar energy landscape, backed by Elemental Excelerator and the Schmidt Family Foundation.
Flojoy's Python Prowess: Simplifying Python testing, they've clinched a $1.3M seed round, thanks to Flybridge Capital Partners and co-investors.
SPAC
Zhaogang.com, a prominent Chinese steel trading platform, is on the cusp of a groundbreaking merger with Aquila Acquisition Corp, marking Hong Kong's inaugural SPAC transaction.
Debt
Narayana Group, a key player in India's education sector, has entrusted Barclays to exclusively orchestrate a $169M loan, aiming to acquire minority stakeholders in its subsidiary, Nspira Management Services.
Bankruptcy
Country Garden's Financial Quake: The prominent Chinese property developer signals potential default after revealing a staggering first-half loss nearing $7B.
TV Azteca's Legal Tangle: Following a US judge's caution, Mexico's broadcasting giant is entering negotiations with US bondholders, who are owed a hefty $400M, to avoid a potential bankruptcy showdown in New York.
Lordstown Motors' Strategic Pivot: The EV manufacturer is crafting a debt repayment strategy, with optimism about securing buyers under Chapter 11 for its business assets.
Genesis Global's Hopeful Resolution: Despite bankruptcy, the crypto lender and its creditors have forged a path, aiming to restore 70-90% of the owed amounts to their customers.
eMed's Strategic Acquisition: In a move amidst insolvency proceedings, eMed Healthcare takes the reins of Babylon's UK digital health operations.
Fundraising
ALTI's Ambitious Endeavor: The asset management powerhouse is on a mission to pool $300M for its 'ALTI Private Equity Access and Commitments Fund', targeting direct private-equity stakes and collaborative investments in US buyout ventures.
Geek Ventures' Empowering Move: Hailing from New York, this venture capital firm proudly wraps up its 'Geek Ventures Fund 1' with a robust $23M, dedicated to backing the visionary immigrant entrepreneurs.