Caterpillar, a global leader in construction and mining equipment, has joined a group of investors to back Nth Cycle, a Massachusetts-based startup that has developed a novel metal refining technology. The startup raised $44 million in Series B and non-dilutive financing to scale up its operations and expand its market reach. Nth Cycle’s technology,…
There’s no doubt that the stock market has been unpredictable lately. With wild swings up and down, it can be difficult to know where to invest your money for the best return. While stocks might still be a good option for some people, others may want to consider alternative investments. Here are several important…
LONDON, UK: Pantheon Infrastructure, the listed global infrastructure fund, has agreed to invest approximately £40m alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60% stake in the UK gas transmission and metering business of National Grid. The business owns and operates the UK’s regulated national gas transmission system and an…
LONDON, UK: Pantheon Infrastructure Plc has agreed to invest €43 million in a European transport and logistics company through Pomodoro Holdings Limited, a company controlled by funds managed by affiliates of Apollo Global Management Inc. Apollo is a leading global alternative investment firm with a successful track record in the transport and logistics sector.…
ABU DHABI, UAE: Aldar Properties and Apollo Global Management (NYSE: APO) have signed a landmark commitment that will see Apollo-managed funds and clients invest a total of US$1.4 billion in strategic capital to drive Aldar’s transformational growth initiatives. The commitments are structured in the following components: • US$500 million: Investment into a land joint…
LONDON, UK: Vela Technologies has invested £750,000 in EnSilica Limited, a leading fabless semiconductor design business focused on custom mixed signal Application Specific Integrated Circuits (ASICs), in the form of convertible loan notes, as part of a pre-IPO funding round being undertaken by EnSilica to raise up to £1.5 million. Vela Technologies is an…
ABU DHABI, UAE: Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, will be investing about AED 1 billion in the Abu Dhabi Chemicals Derivatives Company, known as TA’ZIZ. This step comes as part of Alpha Dhabi Holding’s expansion plans and future strategy announced last week targeting AED 8 billion for investments in real estate, hospitality,…
LONDON, UK: Sanofi, a global biopharmaceutical company, has committed to invest up to $60 million in equity of Gyroscope Therapeutics Holdings. Gyroscope plans to use proceeds from this investment to support funding of ongoing clinical trials of GT005 in GA. GT005 has been granted Fast Track designation by the U.S. Food and Drug Administration…
LONDON, UK: Syncona Ltd, a leading healthcare company, announced that Blackstone Life Sciences has entered into a strategic collaboration and financing agreement with Syncona portfolio company Autolus Therapeutics. The key terms of the financing agreement are set out below: · $250 million transaction: $100 million immediate equity investment and up to $150 million in…
LONDON: The water sector is set to invest £2.8 billion in environmental projects to help the country build back greener. Ofwat, in collaboration with Defra, the Environment Agency, the Drinking Water Inspectorate, and CCW, wrote to water companies last year and challenged them to identify ways to support the country’s green economic recovery from…
LONDON: Ocado Group plc has commercially partnered with Oxbotica Ltd., headquartered in Oxford. Ocado will invest £10m in Oxbotica as part of Oxbotica’s latest Series B equity funding round. The round was led by bp ventures, and included other strategic and financial investors in the U.S., the U.K., China and Australia, such as Tencent,…
LONDON: Saint-Gobain has announced the construction of a second plasterboard manufacturing line in its Turda plant, in northern Romania. This €45 million investment aims to considerably increase the plasterboard manufacturing capacity in Romania in order to meet the rapidly growing local needs as well as those of the Central and Eastern European countries, and…