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Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Source link
FIS to Sell Majority Stake in Worldpay for $11.7 Billion
Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. Source link
Kidney-Care Specialist Diaverum Expected to Be Sold in $2 Billion Deal
Mubadala-backed M42 would buy the operator of 440 dialysis clinics from buyout firm Bridgepoint. Source link
Subway Sale Process Heats Up as Bidders Head to Second Round
More than 10 possible suitors, including some big names in private equity, are conducting due diligence. Source link
Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that
Tonal Founder Steps Down as CEO
The at-home fitness company completed its latest funding round at a fraction of its prior valuation. Source link
Private Equity’s Food Binge Goes Sour
Private-equity funds went on a buying binge for food companies before markets crashed in 2022. Now they have indigestion that is contributing to rising prices
In Wake of SVB Collapse, Venture Lending Faces Uncertainty
Among the questions for venture capital after the Silicon Valley Bank debacle: Will funding get a lot more difficult for startups? Source link
Assured Guaranty and Sound Point Join Up to Form CLO Powerhouse
The deal is part of a wave of consolidation driven by insurers and alternative asset managers. Source link
Hedge Fund Hestia Seeks Leadership Overhaul at Pitney Bowes
The shareholder is calling for a new chief executive and five new board members at the century-old shipping services company. Source link