Despite what some experts have characterized as an environment increasingly hostile to artificial intelligence research, the continent continues to receive the bulk of AI venture dollars, according to data from an investment tracker.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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North America takes bulk of $70B AI VC investments from Feb to May
Despite what some experts have characterized as an environment increasingly hostile to artificial intelligence research, the continent continues to receive the bulk of AI venture dollars, according to data from an investment tracker. Read here
KKR amasses record $42B real estate credit pipeline
The New York-based global investment firm has reached a new high in commercial property financings for the second time this year, according to a recent update from its real estate credit leadership team. Read here
PHOTO: KKR
Chart Industries in $19B merger with Flowserve
The Georgia-based equipment manufacturer and the Texas-headquartered flow control systems maker are combining their operations in an all-stock deal to stem demand for industrial equipment.Read here
PHOTO: CHART
Kimberly-Clark sells tissue unit to Suzano for $3.5B
The Texas-based personal care and consumer products giant is nearing the sale of its Kleenex and tissue businesses outside of North America to the Brazilian pulpmaker in a deal that could be completed within the week.Read here
PHOTO: MISSVAIN
NEWS WORTH NOTING
NEWS WORTH NOTING
Private equity-backed Datasite acquires Grata
The Minneapolis-headquartered virtual data room solutions provider catering to dealmakers has absorbed the private markets-focused firm for more than $200 million to help give customers an edge in transactions. Read here
The Luxembourg-based satellite company is set to win unconditional regulatory approval for its bid for its local peer, creating a major European rival to Starlink. Read here
Deal-hungry investors eye Europe’s defence industry
Global private equity firms are seeking to profit from governments’ ramped-up military spending by channelling funds into the continent and reviving a sluggish market. Read here
Dubai party hotel Five mulls London or New York listing
The owner of the Pacha hotel and nightclub, worth up to $3 billion, has been exploring an initial public offering in Dubai and is considering a dual listing abroad. Read here
Warehouse REIT agrees to Blackstone’s $635.35M bid
The British real estate investment trust has agreed to sell itself to the alternative asset manager, days after the firm lowered its offer due to valuation-related issues. Read here
