Capitalism

Abraaj Said to Plan $4.5 Billion in First Close for Record Fund - Bloomberg

Buyout firm Abraaj Group is planning a first close of as much as $4.5 billion by the end of June for what will be its largest-ever investment fund, …

Business

Netflix to raise $1 billion through debt offering to fund new content and other ‘strategic transactions’

Netflix has announced that it intends to raise €1 billion — a smidgen more than $1 billion (USD) when converted at today’s rate — via a senior note debt offering for “general corporate purposes,” which include “content acquisitions, capital expenditures, investments, working capital and potential …

IPTV

Term Sheet — Monday, April 24

OPEN MIC<p>It’s feedback time.<p><b>Joe writes:</b> Expecting evidence of transparency <i>before</i> investing, either crowdfunding, angel or venture, would improve …

Venture Capital

Wal-Mart e-commerce investment arm names new retail startup CEO

(Reuters) - Wal-Mart Stores Inc (N:WMT), the world's no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny …

Walmart

Kimbell Royalty Partners closes on mid-continent acquisition

Kimbell Royalty Partners (Pending:KRP) announces closing on the acquisition of 1.1M gross acres of overriding royalty interests in the Anadarko Basin …

Business

Citic Sees Buyers Covet Dollar Funds as Capital Controls Tighten - Bloomberg

Chinese companies seeking overseas acquisitions increasingly covet offshore dollar funds as capital controls make it hard for even state-controlled …

China

Maven Capital closes ProspectSoft MBO

<b>Maven Capital Partners</b> said April 24 that it completed the £6 million ($7.69 million) management buy-out of <b>ProspectSoft Ltd.</b> ProspectSoft provides …

SaaS

Tikehau names first London head

Former Goldman partner will help develop Tikehau's private equity, real estate and private debt offerings<p>Fresh from its Paris listing last month, …

Wall Street

POPxo raises $3.1M led by IDG and Kalaari

POPxo, the digital community platform for women today raised $3.1 million in funding. The round was led by IDG Ventures India and Kalaari Capital. …

Technology

Tel Aviv U. Insulin Study: Diet, Exercise Help Prevent Dementia

Health News<p>Comments<p>While a healthy diet and regular exercise are well-known keys to good physical health, a decade long Israeli study on insulin now …

Israel

Online grocery platform Farmdrop raises £7M Series A led by Atomico

Farmdrop, a farmer-friendly online grocery platform based in the U.K., has raised £7 million in Series A funding. Leading the round is Atomico, the London VC fund founded by Skype co-founder Niklas Zennström.<p>Originally launched in 2014 as a ‘click and collect’ service that let you order groceries …

Startups

Moto2 Americas, Austin - Free Practice (3) Results | MotoGP Results

<b>Free Practice (3) results from the Moto2 Grand Prix of the Americas, round 3 of 18.</b><p>1. <b>Alex Marquez</b> SPA EG 0,0 Marc VDS (Kalex) <b>2m 10.164s</b> <br>2. <b>Miguel</b> …

Here Are The Fanciest And Craziest Cars Registered In Montana To Dodge Taxes

For years, many exotic car buyers have been registering their cars in Montana thanks to a loophole in the law that allows them to avoid paying sales …

Taxes

Schroders To Acquire Adveq Holdings For Private Equity Platform

Schroders plc has agreed to acquire alternative asset management firm Adveq Holdings for an undisclosed sum.<p>Adveq has $7 billion in AUM (Assets Under …

Stocks

Apollo Boosts Fund's Stock Allowance for `Diamonds in the Rough' - Bloomberg

Apollo Global Management LLC is upping the amount it can invest in public stocks from its new buyout fund, a technique also used by KKR & Co. as …

Wall Street

Lynn Tilton Says She Didn't Consider Fairness in Board Roles - Bloomberg

Patriarch Partners Chief Executive Lynn Tilton acknowledged she didn’t examine the fairness of a decision to grant herself permanent control over …

Business

MakeSpace, a Manhattan startup backed by Carmelo Anthony, gets $30 million in funding

A company that provides both moving services and personal storage has entered the big leagues. Manhattan-based startup MakeSpace announced Thursday …

Real Estate

Blockchain Technology Startup Humaniq Raises $3.8M and Signs Contract With Deloitte

LONDON, April 21, 2017 /PRNewswire/ --<p>Blockchain technology startup <b>Humaniq</b> and global auditing firm <b>Deloitte</b> join forces.<p>Humaniq is on a mission to …

Bitcoin

Element Data raises $1.7M to power platform that helps people make decisions using A.I.

Element Data, a Seattle startup that uses machine learning to help people and organizations make big decisions, just closed a $1.7 million seed round …

Analytics

Sunil Munjal invests Rs 100 Cr in Aavishkaar Bharat Fund

Hero Enterprises Chairman Sunil Kant Munjal committed an investment of Rs 100 crore in a new fund of social venture capital firm Aavishkaar - …

Fund

These were the 10 biggest European tech stories this week - Tech.eu

Happy Friday!<p>This week, Tech.eu tracked 11 technology M&A transactions, two IPOs and 39 tech funding deals totalling €139 million in Europe, Turkey …

Startups

BrewDog sells 23% stake to TSG Consumer Partners in deal valuing brewer at £1bn

[Photo Credit: BrewDog]<p><i>[Press Release:]</i><p>Transaction values BrewDog at £1bn<p>Investment provides growth capital and gives Equity Punks the opportunity to …

Drinking

Bedly raises $2.7 million to make renting an apartment a little less horrible

Craigslist is great for serial killers and spear-phishers, but less than ideal for anyone looking for housing.<p>As a platform for renters, Bedly aims to take some of the pain out of the housing-rental process — and it’s hoping that’s a draw for landlords too. Co-founded by Martin Greenberg, formerly …

Housing

A big deal in trading has brought together some of the biggest names on Wall Street

This has to be the hottest Wall Street deal we've seen in a while.<p>Virtu Financial, the high-speed trading firm, will acquire KCG Holdings in an all cash transaction deal for $1.4 billion, according to a news release out April 20. Virtu has offered KCG $20 per share, a 12.7% premium to the firm's …

Wall Street

Law Firm Expels Female Partner Who Filed Discrimination Suit

Partners at the law firm Chadbourne & Parke, in an unusual public gesture, voted on Thursday to expel from its ranks a female partner who filed a gender discrimination and pay inequity lawsuit against the firm last year.<p>The partners, polled by telephone, voted overwhelmingly to remove Kerrie L. …

Netflix rival Iflix reveals its first original content series for emerging markets

Fresh from raising $90 million from investors in March, Iflix, a Netflix-like service for emerging markets, has announced its first slate of original content.<p>The Malaysia-headquartered business claims five million registered users across 10 countries — it recently branched out into Africa and the …

Emerging Technology

Schwarzman’s ‘Dream’ Tested as Private Equity Eyes Your Nest Egg - Bloomberg

Private equity firms are good at solving complex problems. What’s stumping them? Normal people.<p>Five years ago, Carlyle Group LP’s David Rubenstein …

Retirement

SafeGraph Raises $16 Million Series A

<i>Announcing our round led by IDG Ventures USA and over 100 well-known individuals including Peter Thiel, Adam D’Angelo, Romesh Wadhwani, Eric Cantor,</i> …

Startups

Swingvy raises $1.1M to give HR staff in Southeast Asia a break from paperwork

Human resources paperwork is never fun to take care of—especially if it’s literally on paper. Swingvy co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck with physical spreadsheets and piles of forms. Swingvy wants to help them with affordable cloud-based HR …

Small Business

Term Sheet — Thursday, April 20

UNCOMFORTABLE REALITY<p><i>The following is from the latest print edition of</i> Fortune<i>, where I write a regular column about technology and startups called</i> …

Venture Capital