By Heather West and Mark Andress • Waiving control rights to access PPP • Convertible notes on the rise • Non-bank lenders considered Startups are increasingly asking their venture backers to waive control rights so they can access government loans and are looking at less-than-optimal funding instruments in a bid to stay afloat, said dealmakers. Many venture
by Rupert Cocke, Ryan Gould, Amy-Jo Crowley and Maryna Irkliyenko, with additional reporting by Iñaki Miguel The Madrid-based sponsor-backed company was approached by potential private equity suitors earlier this year, but talks broke down, two of the sources said. But Idealista remains a solid IPO candidate and could be one of the first to go ahead with a listing in the second half of the year, said the first source familiar with the situation.
by Davide Salvi in London OpenTeleHealth is looking to raise up to EUR 23m by 2021 after launching a platform to monitor COVID-19 patients remotely, CEO Henrik Ibsen said. The Danish company has developed a white-label cloud-based platform that healthcare providers can use to undertake remote consultations with patients with diabetes, chronic obstructive pulmonary disease (COPD),
by Louise Weihart in Sydney Holista Colltech, an Australian specialist food ingredient and wellness product developer, is actively seeking strategic partners to accelerate a global roll-out of its NatShield hand sanitizer, which has been found to be more than 99.99% effective against the feline coronavirus, MD Rajen Manicka said.
by Jane He and Neal Zhang China’s largest medical equipment manufacturer Shenzhen Mindray Bio-Medical Electronics, will be actively scouting for M&A targets throughout the next three to five years with its strong cash reserves at hand, the company’s IR official told Mergermarket.
by Giovanni Amodeo in London and Micaela Osella in Milan Italy-based Saima, which specialises in supplying baked goods and ingredients to patisseries, restaurants and cafes, has tapped Lazard to find a majority investor, four sources familiar with the situation told Mergermarket.
by Savitha K. and Darshan Rane in Mumbai Mumbai-based packaging company Parksons Packaging has mandated Credit Suisse to help with a majority stake sale including an exit for private equity sponsor Kedaara Capital, two sources familiar with the matter said.
Mergermarket predicts US M&A trends after COVID-19 using a combination of proprietary data and market insights to decipher market signals on future activity. Our methodology for predictions is included below. In a best-case scenario, if the coronavirus pandemic starts to recede later this year ahead of a vaccine emerging in the next
Showa Denko, the Tokyo-based chemical manufacturer, is preparing a slew of non-core business divestitures upon the successful completion of its acquisition of Hitachi Chemical, sources familiar with the situation said. The divestitures are expected to come from both companies, they noted.
by Izaz Ansari This is a list of companies to follow in the Canada healthcare sector and their response to the COVID-19 crisis. They are compiled from company announcements, original reporting and local press reports. AI-based Drug-discovery platform Cyclica partners with Chinese firm to find a COVID-19 medicine Virtual healthcare platform Dialogue plans
