PWI Daily January 14, 2022
January 14. 2022 Hitachi Ltd. of Japan announced plans to sell roughly half of its share in Hitachi Construction to marketing firm Itochu for 182.4 billion yen ($1.60 billion). With Japan Industrial Partners, Itochu will purchase Hitachi's interest for 3,300 yen per share. As a result, Hitachi now holds a 51.5% interest in the construction firm. Thrasio Holdings Inc., an Amazon.com Inc.-based brand aggregator, has reserved more than $500 million for development in one of the speediest e-commerce marketplaces in the world, India.
Read MorePWI Daily January 13, 2022
January 13. 2022 Asos Plc is relocating its stock listing to the primary market of the London Stock Exchange, a long-awaited move aimed at luring more investors as party dresses and formal wear sales rise. Following conversations with around 30 central banks about aims linked to government-backed digital currencies, Visa has teamed up with blockchain software developer ConsenSys Inc. to pilot a program. This collaboration aims to create a digital currency onramp for central banks (CBDC). After receiving interest from pos...
Read MorePWI Daily January 12, 2022
January 12. 2022 Despite concerns from significant shareholders, including activist investor Elliott Investment Management, that the conditions undervalue the pharmaceutical company, Clinigen Group Plc intention to sell itself to Triton Investment Management has gained support from a renowned shareholder advisory group. 2TM, a Brazilian startup backed by Softbank and the operator of Latin America's largest crypto exchange, Mercado Bitcoin, has announced that it will acquire a majority stake in Cripto Loja, a crypto exchange based in...
Read MorePWI Daily January 11, 2022
January 11. 2022 Il Makiage, a cosmetics company, backed by L Catterton, has secured $130 million in the capital at a $1.5 billion value. Franklin Templeton, Fidelity Investments, Thomas Tull, a tech angel investor, and venture capital company First Light Capital Group led the investment. Sequoia Capital and Paradigm Capital have made a $1.15 billion minority investment in Citadel Securities, a significant global market maker. The investment round was led by Sequoia, Sequoia Capital Global Equities, Sequoia Heritage, and the Global ...
Read MoreMarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.
Read MorePWI Daily January 10, 2022
January 11. 2022 In addition to its WilliamsMarston portfolio business, Align Capital Partners has announced the acquisition of Bay Valuation Advisors, an accounting, tax, and valuation firm situated in Oakland, California. Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) subsidiary Biohaven Therapeutics Ltd., and CD3 and LICR at KU Leuven signed an exclusive global license and research agreement to develop and bring the first in class TRPM3 antagonists to market for the treatment of chronic pain disorders. The ...
Read MorePWI Daily January 7, 2022
January 07. 2022 · AstraZeneca PLC and Neurimmune have signed an exclusive global cooperation and licensing agreement to develop and market NI006, a treatment for transthyretin amyloid cardiomyopathy. · ICU Medical added Smiths Medical's syringe and ambulatory infusion devices, vascular access, and critical care products to its portfolio, transforming it into a leading infusion therapy company with a greater global footprint. The combining organizations establish a substantial infusion treatment corporation with pro forma combined sales of nearly $2...
Read MorePWI Daily January 6, 2022
January 06. 2022 · Palantir Technologies Inc. plans to expand into South Korea as part of a joint venture with Hyundai Heavy Industries Group 329180 to establish a bid data platform for Hyundai's shipbuilding and offshore engineering businesses. · Korro Bio, Inc., an RNA editing company engaged in discovering and developing innovative genetic treatments, raised $116 million in a Series B investment round. The financing was led by Fidelity Management & Research Company LLC, Eventide Asset Management, Atlas Venture, Invus, Point72, Monashee Invest...
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