BlackRock's acquisition of customized index provider Aperio Group, announced Monday, is set to broaden the offerings of the world's asset manager for financial advisors. It also could help popularize an investment strategy for separately managed accounts -- known as direct indexing -- and shake up competition in this area, several industry experts say. For BlackRock, the $1.05 billion acquisition is "just another bolt-on deal that adds to its capabilities, but it's not a big mover on its own at the forefront," said Greggory Warren, senior equity analyst at Morningstar.
Shipsy helps shipping and logistics industry automate their operations. : Shipsy, a SaaS-based startup which enables shipping and logistics companies to digitise and automate their operations, has raised $6 million in Series A funding led by Surge, a programme under Sequoia Capital India. Existing investor Info Edge also participated in the round. Founded in June 2015 by IITians Soham Chokshi, Dhruv Agarwal, Himanshu Gupta and Sahil Arora, Shipsy brings together all the stakeholders of the international logistics ecosystem on a single platform.
MIAMI, November 24, 2020-- H.I.G. Capital ("H.I.G."), a leading global alternative asset management firm with $42 billion of equity capital under management, is pleased to announce the closing of its third European Lower Middle Market Fund, H.I.G. Europe Capital Partners III (the "Fund"). The Fund closed with aggregate capital commitments of EUR1.1 billion, exceeding its target. The Fund will continue the successful strategy of its two predecessor funds, by making private equity investments in lower middle market companies, primarily in Western Europe. Sami Mnaymneh and Tony Tamer, H.I.G.
Kaspi's October IPO was the largest international tech listing in London this year. But the mystery is around exactly how CEO Mikhail Lomtadze came to own a $2 billion stake.
Gurugram-headquartered SaaS (software-as-a-service) startup for shippers and logistics companies, Shipsy, has raised $6 Mn in Series A funding in a...
HONG KONG -- JD.com, China's second-largest e-commerce group, is set to raise $3.5 billion for its health care unit in what would be the largest initial public offering so far this year in Hong Kong. The offering by JD Health International, which is expected to price on Dec. 1, could help propel Hong Kong to its biggest year for new listings since 2010. JD Health has already locked in six cornerstone investors, including Singapore state investment group GIC and U.S. fund management company BlackRock, who will put in a combined $1.35 billion.
Zoom Video Communications, Inc. (nasdaq:zm) - Discord Valued At $7B In Latest Funding Talks: Report | Benzinga
Gaming and online communications software company Discord Inc is nearing a deal to secure an undisclosed amount in a fresh round of funding. read more.
Summary List Placement Europe's tech investors are piling into dark store startups, hoping that superfast grocery delivery can disrupt retail in the way food delivery apps revolutionized takeaway. A dark store is essentially a grocery store without customers, dedicated to fulfilling online deliveries of groceries and other supplies. Buying your weekly food supply online is an established concept, but the new wave of dark store startups in Europe promise to cut urban delivery time from days or hours to as little as 10 minutes by using a network of small urban warehouses.
WASHINGTON -- Cheap coronavirus tests that ordinary Americans can administer at home, without either a prescription or any medical expertise, could significantly drive down infection rates, say researchers from the University of Colorado and Harvard. Their findings counter long-standing concerns that rapid tests are less accurate than those that are sent to laboratories. Those inaccuracies become effectively inconsequential if enough rapid tests are done with sufficient frequency, their statistical models indicate. "The critical finding of our work is that when it comes to screening tests for COVID, turnaround time is absolutely critical," said Daniel Larremore, a computer scientist at Colorado.
The unicorn valuation surprised many in the startup world. But DST Global, which invested $200 million Cars24 recently, is convinced about the company's growth, having had a close relationship with the used-car buying platform for a while.