The Silicon Valley venture capital heavyweight is reportedly in the market to raise capital for a new vehicle focused on artificial intelligence – its largest fund to date – as it taps into global investor appetite for AI opportunities in the US.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Andreessen Horowitz eyes record $20B AI fund in boldest bet yet
The Silicon Valley venture capital heavyweight is reportedly in the market to raise capital for a new vehicle focused on artificial intelligence – its largest fund to date – as it taps into global investor appetite for AI opportunities in the US. Read here
China’s Chagee targets $5.1B valuation in US IPO
The Chinese tea chain is pushing forward with its New York initial public offering, braving choppy market conditions that stem from uncertainty over US-China trade policies as firms take a cautious approach.Read here
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Bain seals $2.6B deal
to acquire HealthEdge
The Boston-based private investment firm has purchased the healthcare software provider, marking the latest in a series of successful exits of private equity-backed software companies. Read here
PHOTO: HEALTHEDGE
NEWS WORTH NOTING
Harley-Davidson explores $1B sale of financing arm
The iconic Wisconsin-based motorcycle manufacturer is working with an adviser to solicit interest in Harley-Davidson Financial Services, which could appeal to regional banks, private equity firms and private credit players.Read here
Bain seeks to raise at least $7B for new Asia PE fund
The Boston-based buyout firm is looking to raise billions of dollars for its next Asia fund and a special situation fund in the region, as it moves to back private equity and credit deals. Read here
SC Capital in talks to buy data center Global Switch
The Singapore-headquartered real estate investment manager has emerged as a potential bidder for the British group with the backing of CapitaLand Investment. Read here
Prada braves uncertainty to clinch $ 1.4 B Versace deal
The renowned Italian luxury fashion house struck a deal to buy its Milan-based rival from Capri Holdings in a move that unites two of the biggest names in European fashion. Read here
Volkswagen’s Scania buys Northvolt’s battery unit
The Swedish heavy-duty truckmaker has agreed to buy the bankrupt division that makes battery packs for heavy industry, reviving a transaction first presented in February. Read here
