Edition:
United Kingdom

Joshua Franklin

Pool supplies retailer Leslie's prices IPO above target range

29 Oct 2020

U.S. swimming pool supplies retailer Leslie's Inc on Wednesday priced its initial public offering (IPO) at $17 a share, above its target range, to sell $680 million in stock, it said in a statement.

SoftBank attempted to delay WeWork's $3 billion share purchase - court filing

28 Oct 2020

SoftBank Group CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed.

Sustainable rubber ingredient maker Bolder in talks to go public

27 Oct 2020

Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at $880 million, including debt, the two companies said on Tuesday.

Sustainable rubber ingredient maker Bolder in talks to go public: sources

26 Oct 2020

Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at close to $900 million, including debt, people familiar with the matter said on Monday.

UBS promotes SPAC head to co-lead U.S. equity capital markets business: memo

26 Oct 2020

UBS Group AG has elevated the head of its special purpose acquisition company (SPAC) practice, Jeff Mortara, to co-lead its equity capital markets (ECM) business for the Americas, the investment bank said in internal memo seen by Reuters.

Former Fair CEO seeks to buy the SoftBank-backed car leasing service-sources

23 Oct 2020

Oct 23 Scott Painter, the founder and former chief executive of online car leasing startup Fair, is exploring a bid to acquire the company from SoftBank Group Corp's Vision Fund and other investors, people familiar with the matter said on Friday.

Vista-backed TIBCO agrees deal for Information Builders: sources

22 Oct 2020

NEW YORK TIBCO Software Inc, the enterprise data provider owned by U.S. private equity firm Vista Equity Partners, has agreed to acquire data and analytics software company Information Builders Inc (ibi), according to people familiar with the matter.

Used car consignment store CarLotz agrees deal to go public

22 Oct 2020

NEW YORK CarLotz Inc said on Thursday it has agreed to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp which values the U.S. consignment store for used vehicles at $827 million, including debt.

EXCLUSIVE-Used car consignment store CarLotz nears deal to go public -sources

22 Oct 2020

NEW YORK, Oct 21 CarLotz Inc, a U.S. consignment store for used vehicles, is nearing a deal to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp at a valuation of close to $830 million, including debt, people familiar with the matter said on Wednesday.

Analysis: U.S. investment bankers' new pitch - Biden's tax hike

21 Oct 2020

Investment bankers keen to win lucrative assignments have a new pitch for U.S. corporate owners: hire us to sell your company now or pay at least twice as much in taxes if Democratic presidential candidate Joe Biden has his way.

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