Funding dries up Focused on cash preservation Opportunity for cash-rich startups In the technology startup world, a lot can change in a short space of time. Two years ago, Mexico implemented a groundbreaking law regulating cryptocurrency exchanges, crowdfunding platforms, and mobile payment companies that spurred hundreds of
Johnson & Johnson [NYSE:JNJ] is in the early stages of exploring a sale of its Mentor Worldwide breast implant business, according to three sources familiar with the matter. However, the process is likely to be impacted by the current coronavirus outbreak, which is causing a major slowdown in the healthcare deals market, two of the sources said. JNJ
by Mintoi Chessa-Florea and Davide Salvi in London and Yiqin Shen in New York, with analytics by Oliver Gilkinet As the World Health Organisation (WHO) announced last week a coordinated global trial (SOLIDARITY) that spans 10 countries to test effective treatments against COVID-19, biotechs and large cap pharma have promptly stepped up efforts to develop vaccines.
Chomps, a privately held maker of premium meat snack sticks, sees COVID-19 “significantly” boosting sales as consumers flock to shelf-stable products, said co-founder and CEO Pete Maldonado. The executive said Naples, Florida-based Chomps was projecting 2020 revenue of USD 50m-USD 60m, up from nearly USD 35m in 2019, before the pandemic, and is
Compiled by Jenny Ackerfeldt, Christopher Kenneth, Mathieu Peraste, Eve Poland and Vladimir Rodina, with additional reporting by Patrick Costello, Laura Larghi and Joanna Socha This is a list of companies to follow throughout the EMEA region and their response to the COVID-19 crisis. It has been compiled from local press reports and original reporting.
by Xinyi Jiang in Charlottesville, Virginia and Yizhu Wang in New York The COVID-19 outbreak has put a hold on most M&A among registered investment advisors (RIAs), but industry players expect accelerated deal flows after the dust settles as the forces behind consolidation remain strong. Deal pitches and ongoing talks have been largely interrupted with travel restrictions amid the pandemic, said a sector advisor and a sector
by Onofrio Castiglia in Charlottesville, Virginia Plastic Molding Manufacturing, a Hudson, Massachusetts-based manufacturer of molded plastic components, is carrying on with three deals it plans to complete in 2020, majority owner George E. Danis said. As COVID-19, or the novel coronavirus, continues to spread and stall economic activity throughout the US, Danis said he has been “inundated”
CoverHound, a digital property and casualty insurance platform, is looking for investment bankers to explore a potential sale to a strategic, said Keith Moore, CEO. The San Francisco-based company, which was founded in 2010, is considering two separate sales: one of CoverHound and one of CyberPolicy, a subsidiary founded in 2016 for its commercial
by Dayna Fields in Los Angeles and Emily Fasold in Chicago The rapid spread of COVID-19 leaves the fate of many announced consumer M&A deals in jeopardy as the public markets fluctuate and consumers are encouraged to avoid places of public gathering. All-cash offers around halfway through an auction process still have a good chance at closing, said one beverage industry executive.
by Kyle LaHucik in Chicago 4Voice, a cloud-based phone and texting service provider for small and medium-sized businesses, will nearly double in size following its first-ever acquisition and sees the uptick in remote work as a significant growth driver this year, said CEO and co-founder Amruth Laxman.
