by Heather West in Palo Alto, California Enel continues to prioritize investment into regulated distribution networks and renewable assets worldwide, CEO Francesco Starace told this news service. On the sidelines of the Italy-USA Innovation Forum at Stanford University on Friday, where Starace spoke at the event designed to foster cooperation between Italy and the US in technology development,
by Valentina Caiazzo in Milan Italian payment-app operator Satispay expects to close a EUR 50m financing round by year-end and could consider listing in 2022, co-founder and CEO Alberto Dalmasso told Mergermarket. Satispay has been trying to attract international investors to the ongoing EUR 50m round, as it wants to accelerate international expansion, starting with Germany,
by Ryan Gould and Maryna Irkliyenko in London Private equity firm Advent International is preparing to exit portfolio company Rubix through an IPO in the first half of next year, two sources familiar with the plans told this news service. While advisory roles are yet to be formalised, Goldman Sachs, Morgan Stanley and Rothschild are expected to be appointed for the flotation-led exit, the sources
by Joshua Armstrong in Charlottesville, Virginia Dynasty Sports and Entertainment, a private equity-backed ticketing analytics firm, is hoping to expand its data offerings through organic growth or acquisitions, said founder and CEO Cole Rubin. Targets in the concert, theater or collegiate spaces are attractive, as well as companies that specialize in premium or exclusive content, Rubin noted. “There
by Jeff Sheban in Chicago and Carlos Martinez, Adriana Curiel and Dominic Pasteiner in Mexico City • US auto sector could draw foreign buyers • All eyes on US in wait for ratification M&A is down noticeably this year in Canada and Mexico, two of the three parties to the new NAFTA. And that makes it tempting to assign blame to new provisions in the United States-Mexico-Canada Agreement (USMCA) treaty, which after all has its origins
by Thiago Barrozo in Sao Paulo SoftBank, the Japanese conglomerate, is looking for new investment opportunities in Brazil, including in sectors where it has not yet invested, said Managing Partner in Brazil Andre Maciel. Brazil’s healthtech and agritech are two sectors SoftBank has been monitoring, Maciel said on the sidelines of the Corporate Venture in Brasil conference held
by Claire Rychlewski in Chicago Independent sponsors are emerging as uniquely positioned participants in the middle to lower middle market, according to panelists at the McGuireWoods Independent Sponsor Conference. Ballooning valuations continue pushing capital down-market, a phenomenon that has opened the door for independent sponsors to bring creatively-sourced, proprietary
by Troy Hooper in Los Angeles Caribou Biosciences will consider testing the public markets in 2020 but a highly charged political atmosphere may keep it on the sidelines, Chief Business Officer Timothy Herpin said. The Berkeley, California-based biotechnology company views an initial public offering as the logical next step after a private round of financing that Herpin said
by Amy-Jo Crowley in London and Yizhu Wang and Jay Antenen in New York Vista Equity Partners is looking to sell a minority stake in its UK fintech portfolio company Finastra, said four sources familiar with the matter. The stake sale comes more than two years after Vista formed Finastra through the merger of its portfolio company Misys with D+H, a Canadian fintech group that the financial sponsor acquired in 2017 for CAD
Reynolds Group is exploring a sale of Reynolds Consumer Products via Credit Suisse, said three sources familiar with the matter. The business, known for its aluminum foil and Hefty waste bags, generated USD 650m in EBITDA last year, according to Reynolds filings. It may be able to fetch 11x to 12x this figure if a deal is reached, suggesting the unit
