The California-based data and AI company is nearing a deal that could become one of the largest venture capital funding rounds in history, as investors have shown a strong appetite to own a piece of the fast-growing data analytics firm.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: DATABRICKS
Databricks nears record $9.5B raise, eyes extra $4.5B debt
The California-based data and AI company is nearing a deal that could become one of the largest venture capital funding rounds in history, as investors have shown a strong appetite to own a piece of the fast-growing data analytics firm.Read here
Stonepeak in deal for Carlyle’s $1.6B Forgital
The New York-based investment group has reached an agreement with the Washington, DC-based private equity firm to acquire the Italian manufacturer of forged components for the aerospace sector.Read here
PHOTO: FORGITALGROUP
SWIB sets $1.2B to PE, real estate investments
The State of Wisconsin Investment Board has allocated nearly $1.2 billion to private equity, private debt, and real estate investments in the third quarter of 2024, according to a report by Pensions & Investments.Read here
PHOTO: SWIB
Berkshire Hills, Brookline banks in talks to combine
The Boston-based lenders are in discussions to merge, each with about $12 billion in assets, in a deal that may be announced as soon as next week, according to people with knowledge of the matter.Read here
Global law firms cashing in on $150B Gulf deals boom
Top law firms from New York, London, and Chicago are winning big business from regional behemoths Saudi Aramco and Abu Dhabi National Oil Company. Read here
Allianz withdraws $1.63B offer for Income Insurance
The German insurer has retracted its offer to acquire at least 51% of the Singaporean insurance firm, after reports last week that the insurer had scrapped the proposal. Read here
Alibaba near $1B Intime sale to Youngor Fashion
The Chinese e-commerce specialist is close to a deal to sell its department store business to the apparel company, according to people familiar with the matter. Read here
Adnoc signs 15-year LNG supply deal with EnBW
The United Arab Emirates’s biggest oil producer has agreed to sell liquefied natural gas to a second German utility as it wraps up more supply contracts from a new terminal.Read here
