Archive for June 2020
Carlyle wary of China deals as it braces for tepid recovery
The firm held off in the first five months on making any fresh investments, part of Carlyle’s decision globally to…
Read More24 Hour Fitness files for bankruptcy amid onslaught of gym closures
Even before the spread of the coronavirus, middle-tier operators like 24 Hour struggled with customer defections to higher-end or budget-friendly…
Read MoreWhy serial acquirer Stephen Gordon is starting a bank from scratch
The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in…
Read MoreM&A wrap: Portfolia Rising America Fund, Lorine Pendleton, GenNx 360, MiLA Capital, MoCafi, Barings, 58.com, Insacart
Portfolia Rising America Fund’s backs companies led by people of color and/or LGBTQ founders, such as mobile banking startup MoCaFi.…
Read MoreInstacart valuation hits $13.7 billion in pandemic investment
Instacart raised $225 million in the funding round. It will use the infusion to support the surge of new customers,…
Read MoreWarburg Pincus and General Atlantic take 58.com Inc. private for $8.7 billion
The deal for 58.com, led by CEO Jinbo Yao, follows more than two months of negotiations after the company said…
Read MoreU.K.’s Metro Bank in talks to buy P-to-P lender RateSetter
Metro Bank is early-stage talks to buy a peer-to-peer lender, aiming to grow in unsecured lending as the troubled British…
Read MoreLed by 5 women of color, Portfolia Rising America Fund backs mobile banking and women’s telemedicine startups
The fund invests in entrepreneurs “who are using shifting demographics and their own diversity of experience and thought to create…
Read MoreFord Foundation taps Wells Fargo for $1B social bond to aid non-profit organizations
Proceeds from the sale would go to providing direct grants to non-profit organizations.
Read MoreDeal hungry Dutch billionaire defeats Uber to enter U.S.
Just Eat Takeaway CEO Jitse Groen has taken the food-delivery platform he created in his college dorm room two decades…
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