The California-based AI pioneer, the Texas-headquartered enterprise software provider, and the Japanese venture capital investor are among the top firms that have committed to a joint venture to build the “Stargate” artificial intelligence infrastructure in the US.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    OpenAI, Oracle, SoftBank team up  on $500B data center project

    The California-based AI pioneer, the Texas-headquartered enterprise software provider, and the Japanese venture capital investor are among the top firms that have committed to a joint venture to build the “Stargate” artificial intelligence infrastructure in the US. Read here

      Thoma Bravo gets $3.6B for third credit fund

      The Chicago-based private equity firm has closed its largest credit fund to date, Credit Fund III, which will focus on senior secured debt investments in sponsor-backed software companies. Read here

      PHOTO: BRIAN JIZ

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      Deal of the day

      Google invests another $1B round in Anthropic

      Alphabet Inc’s search engine giant is backing the California-based artificial intelligence developer with a further $1 billion, building its stake in one of the most promising rivals to ChatGPT’s OpenAI. Read here

      PHOTO: OUTREACHPETE

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      Atwell expands with SEI Engineering acquisition

      As part of its continued growth in the Southeast, the Michigan-based full-service consulting, engineering, and construction firm has taken over the operations of the Georgia-based engineering company. Read here

      PHOTO: CYNDX

      acquirer predicterd this deal

      DEALS ROUNDUP

      • Microsoft relaxes data center grip on OpenAI amid $500B JV
      • Sunway Healthcare hires banks for $675M Malaysian listing
      • Highnote raises $90M Series B led by Adams Street Partners 
      • Render receives $80M in Series C funding to expand features 
      • Vertice secures $50M for AI-powered procurement platform
      • Cloud and SaaS security startup Mitiga snags $30M in Series B
      • LeapXpert gets $20M Series B funding to expand operations
      • Percipio Health takes $20M in funding for health monitoring
      • Belfry completes $12M in Series A led by Base10 Partners
      • Axoflow nabs $7M seed funding led by EBRD Venture Capital

        INTERNATIONAL MARKETS

        Mandate takes Investcorp Asia fundraising to $2.3B 

        The global alternative investment firm has secured a $110 million special managed account mandate focussing on private equity investments. Read here

        Bankers pitch $1B debt for buyout of Karo Healthcare 

        Private equity firm EQT AB is working with Jefferies Financial and Morgan Stanley on the possible sale of the Swedish consumer health business, which it acquired in 2019. Read here

         

        Asyad Group seeks at least $1B value in Oman IPO

        Backed by Oman’s sovereign wealth fund, the logistics provider has unveiled plans to list its shipping unit, as the sultanate pushes forward with its privatization drive. Read here

          Azul-Gol airline merger ‘necessary’ in Brazil market

          A plan to merge two of Brazil's top airlines to create a dominant carrier will likely win regulatory approval amid the government's push for a financially healthy sector. Read here

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