Apax Motors Towards £2B Auto Trader Float
Private equity firm is considering floating or selling the used car website after buying out the Guardian's stake earlier this year...
Private Equity Firms are Rollin' Out the Tires
A handful of private-equity firms are vying to buy American Tire Distributors Holdings Inc. in an auction that could fetch more than $3 billion, according to people familiar with the matter....
Uber Gets Uber-Valuation of $18.2 Billion
Uber Technologies Inc.'s whopping valuation of $18.2 billion is a bet by some of the world's top investors that the car-hailing smartphone app can grow by expanding world-wide and branching into new ...
Uber Bandits: why First Round Capital and Lowercase Capital are the Real Stars of Uber's $1.2 Billion Series D
As you may have heard, Uber just raised a $1.2 billion series D on a $18.2 billion valuation. This is, obviously, great news for the fountainhead; it’s also great news for the already shiny track records of First Round Capital and Lowercase Capital -- the micro vc firms who gave the cab(/boat/jet)-hailing app its first institutional capital.
Uber is raising funding that could value it at $17bn to bury Lyft
You’d think reportedly raising enough cash to value your barely-out-of-the-stroller startup at $17bn (£10.2bn) would allow a chief exec to take a moment out to survey their nascent empire. Not so for Uber boss Travis Kalanick, who is apparently ramping up his fundraising efforts to literally spend rival Lyft into submission.
Rolls-Royce Sells Energy Arm to Siemens in £1B Deal
Rolls-Royce has agreed to sell in its gas turbine and compressor energy
business to Siemens in a PS1bn deal....
Bullet-Train Maker China CNR Plans $1.5 Billion Hong Kong IPO
State-owned bullet-train maker China CNR Corp. 601299.SH -0.85% is seeking to raise up to US$1.5 billion in a Hong Kong initial public offering this month, in a test of the city's IPO market after a Chinese pork producer scrapped its high-profile offering last week.
The Second Swedish National Pension Fund accepts Volkswagen's bid for Scania
AP2 has today, after a comprehensive financial analysis, decided to accept the offer from Volkswagen of SEK 200 per share for Scania. AP2 owns 1,554,470 B-shares in Scania, which represents 0.2 percent of the capital and 0.04 percent of the votes.
Rising Volume for Finished, 3D Printed Metal Parts
Manufacturers like Ford Motor Co., Airbus, Boeing, GE Aviation continue to be high-volume buyers of metalcastings – but each one (and many others like them) has confirmed their own activity in additive manufacturing (or 3D printing.) The 3D-printed parts are not replacing castings — not yet in any case — but OEMs’ rate of progress in developing, implementing, and commercializing these in-house design and manufacturing efforts cannot be overlooked.
Hedge Fund Manager Makes Lonely Defense of G.M.
General Motors has come up against a tide of criticism. Its chief executive has been grilled by lawmakers for creating a "culture of cover-up," it has been fined, and it faces investigations by a Sen...