The 55 Most Active Corporate VC Firms Globally
<p>The corporate venture capital ecosystem is expanding far beyond the likes of Google Ventures and Intel Capital. Companies in a range of industries are launching CVC arms, such as aviation companies like JetBlue, and food providers like Tyson Foods, among others.</p>
<p>The number of new corporate venture capital firms making first-time investments reached record levels in 2016. 107 new corporate VC units globally made their first investment in 2016, including funds like Baidu Venture and Sony Innovation Fund.</p>
H Capital, Pacific Securities Lead $273M Series B In Chinese Tourism Startup
The investment is marked as a series B+ round in which other investors also participated . These included the Chinese RMB funds and local tourism development funds, such as Shandong Binhai Tourism Development Fund, Jining Cultural Tourism Development Fund and Chongqing Aviation Investment and Tourism Development Fund.
Clairvest Hikes Up Majority Stake In Discovery Air
Canadian mid-market private equity firm Clairvest Group has acquired additional shares in Discovery Air Inc, a specialty aviation and logistics company headquartered in Etobicoke, Ontario. According to terms of the transaction, Clairvest purchased over four million shares in Discovery Air at $0.20 per share, increasing its majority stake to about 81 percent.
100 Most Exciting Startups In New York City
A panel of 40 judges, including Business Insider's Henry Blodget and Karl-Theodor zu Guttenberg, chairman of Spitzer Partners, chose the finalists.
Atomico Leads €10M Series A In Aviation Startup
The investment will help bring to market the Lilium Jet, a lightweight commuter aircraft capable of carrying passengers into the heart of towns and cities without the extensive airport infrastructure required by traditional planes or the noise associated with helicopters.
HSBC To Advise On Dubai Airports' $3B Financing
The Government of Dubai has announced plans for an initial $3 billion financing deal to boost capacity at Dubai’s two international airports. Emirates News Agency WAM reports that under the proposed financing arrangement, coordinated by Dubai’s Department of Finance, Investment Corporation of Dubai (ICD) and Dubai Aviation City Corporation (DACC), the three parties will work jointly to raise financing from various liquidity sources, both conventional and Islamic. HSBC is acting as Financial Advisor.
Thailand Woos Chinese Startups To Invest In High-end Industries
Thailand is beckoning Chinese start-up companies to invest in the Kingdom in such high-tech industries as information and communications technology, automobiles, aviation and electronics.
How A Chinese Billionaire Grabbed A $260M Stake In Virgin
There is lots of serendipity behind Chinese billionaire Song Suowen's strategic purchase of a 20 per cent stake in Virgin Australia for $260 million.
AirAsia Has Had $1B Takeover Offer For Leasing Unit
Asia's largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying. AirAsia intends to divest the business, Asia Aviation Capital Ltd, at some point, Fernandes told Bloomberg on Monday but added that the offer needs to be discussed further with the board.
Solar Planes Aren't The Green Future Of Air Travel. But Here's What Could Be.
By any standard, the Solar Impulse 2 is a marvel of engineering. This solar-powered plane — currently being flown around the world by Bertrand Piccard and André Borschberg — didn't use a drop of kerosene on its epic trip across the Pacific Ocean. It's a real testament to how far solar technology has advanced.