Robinhood's Strategic Buyback, Amgen & Horizon's Green Light, and Carvana's Financial Tune-Up
September 5, 2023's biggest news in the private markets.
Mergers, Acquisitions, & Investments:
Amgen & Horizon's Green Light: The FTC gives a thumbs up, setting the stage for Amgen's whopping $27.8B takeover of Horizon Therapeutics.
CVC's Infrastructure Intrigue: CVC Capital Partners is on the brink of bagging the $17.3B jewel, DIF Capital Partners.
Royal Bank's Canadian Coup: With a nod from Canada’s Competition Bureau, they're gearing up to pocket HSBC’s domestic treasure for $10B.
L’Occitane's Unexpected Pause: The billionaire chairman hits the brakes on the dream of privatizing the $6.5B skincare titan.
SentinelOne's Firm Stand: Quashing the buzz, the $5B cybersecurity behemoth confirms it's not up for sale.
Albemarle's Lithium Leap: They up the ante to $4.3B for Liontown Resources, a move that's got the board's seal of approval.
Saudi's Steel Symphony: PIF's crafting a steel colossus with a $3.3B EV acquisition, reshaping the nation's metal landscape.
Barclays' Business Blueprint: They're scouting for a dynamic partner to amplify their $2.5B UK payment processing prowess.
Ambani's Retail Rumble: Reliance Retail Ventures flirts with global magnates, aiming to amass $2.5B before hitting the stock spotlight.
EU's Booking Blockade: Booking Holding's $1.8B dreams face turbulence as EU raises the competition flag over Etraveli Group acquisition.
Cemex's Caribbean Call: They're eyeing a lucrative exit from their Dominican Republic stronghold, with sights set on a cool $1B+.
Permira's Pharma Play: They're shelling out $886M to snag UK's biopharmaceutical star, Ergomed.
UAE's Tobacco Triumph: Global Investment Holding is lighting up a $625M deal for a 30% stake in Egypt's tobacco titan, Eastern.
Robinhood's Strategic Buyback: They're reclaiming SBF’s stake for $606M, courtesy of the US Marshal Service.
Next's Fashion Forward: Upping their fashion game, they're boosting their stake in Reiss Group by snapping up Warburg Pincus’ shares.
Nestlé's Nutty Nudge: They're parting ways with the peanut allergy venture Palforzia, a $2.6B buy from three years ago, due to lukewarm demand.
Octopus & Shell's Energy Exchange: Octopus Energy Group is set to absorb Shell’s home energy retail units in a hush-hush deal.
Oando's Italian Acquisition: They're diving into the European market, taking Agip Oil Company off Italy’s Eni's hands.
Venture Capital:
Butternut's Bountiful Bite: The doggy-dining sensation, Butternut Box, fetches a juicy $354M, thanks to General Atlantic and L Catterton.
Ather's Acceleration: India's EV prodigy, Ather Energy, revs up with an extra $66.5M boost from the global two-wheeler kingpin, Hero MotoCorp.
Superluminal's Science Surge: Merging biology and chemistry, Superluminal Medicines lights up with a $33M seed infusion led by RA Capital Management.
Innovac's mRNA Magic: With a focus on mRNA therapeutics, Innovac Therapeutics bags an $18M Series A, championed by a consortium including Elikon Venture and Vision Plus Capital.
AskUIRaises' Automation Ambition: This German UI maestro secures a sleek $4.6M seed round, with Eurazeo leading the charge.
Facets' Future-Proofing: Facets.cloud, the DIY infrastructure guru, garners a gleaming $4M seed round, championed by 3one4 Capital.
Stroom's Bitcoin Boost: Pioneering a Bitcoin staking protocol, Stroom strikes gold with a $3.5M seed round, powered by Greenfield.
Woba's Workforce Win: From Denmark with love, Woba's HR platform for employee stickiness secures a snug $3.2M seed, courtesy of PreSeed Ventures and EIFO.
Mimetrik's Dental Dynamo: Revolutionizing dental tech, Mimetrik grins with a $2.5M seed round, led by Northern Gritstone.
Anchor's Financial Flair: Embedded finance whiz, Anchor, anchors a solid $2.4M seed round, steered by Goat Capital.
Miri's Mindful Millions: AI-powered health and wellness beacon, Miri, blossoms with a $1.2M pre-seed round, nurtured by Sassafras Investments.
IPO:
SoftBank's Strategic Squad: SoftBank's Arm is flexing for a massive $50B-$55B IPO, with tech titans Apple, Nvidia, Alphabet, and AMD joining the investor lineup.
Schott's Pharma Phenomenon: German medicine container maestro, Schott Pharma, is eyeing a September IPO, hoping for a healthy $4.3B+ valuation.
Renk's Robust Reveal: Gear up! German tank gearbox giant, Renk, is gearing for a September IPO with an estimated value of around $2.7B.
Hozon's Hong Kong Hustle: Chinese EV trailblazer, Hozon Auto, revs up for a Hong Kong IPO, with Morgan Stanley and CICC steering the way, aiming to raise up to $1B.
Maynilad's Manila Momentum: Filipino water wonder, Maynilad Water Services, is contemplating a Manila IPO splash, hoping to pool in $750M-$1B.
OQ's Oil Odyssey: Omani energy powerhouse, OQ, is set to offload a 49% stake in its gas pipelines, eyeing a domestic IPO windfall of up to $800M.
Rubrik's Radiant Rise: Cloud security sensation, Rubrik, backed by tech titan Microsoft, is cloud-hopping towards its IPO, aiming to secure between $500M-$700M.
Debt:
Jio's 5G Jive: India's telecom titan, Jio Infocomm, is dialing into a whopping $2B offshore loan deal with BNP Paribas. Why? To gear up with cutting-edge 5G equipment from telecom maestro, Ericsson. The future's calling, and Jio's answering.
Bankruptcy:
Carvana's Financial Tune-Up: Carvana hits the financial fast lane, cutting a massive $1.3B from its debt load! This savvy move puts the brakes on $455M in yearly interest, driving the car giant towards a smoother financial journey.