$2Bn DON Fund I
Private Investment Fund
China
Starbucks partnership with Sequoia Capital China
The two will also be able to obtain early access to ideas in the retail marketplace.
US
US Blackstone
Blackstone’s private equity division saw assets reach USD174.7 billion
UK
Expedia raises $3.2bn
Expedia raises $3.2bn of fresh capital to
survive
Unicorns
US
Clover Health
Clover Health said it added 15000 new members in the last year, primarily ... in its Medicare Advantage plans for 2020, up from 39,400 in 2019.
Monaco
Could DON be the next Unicorn?
Direct Opportunities Network - DON takes its HNW & UHNW Individuals membership base to 530 members even during the Corona Virus
Family Offices
German family office Eisbaer Capital
Inpera received a Seed-II investment round for its further development
Billionaires
Kanye West is officially a billionaire
The Rapper has an estimated net worth at $1.3bn
Deals
Branson looks to find Virgin Atlantic buyer
$3.2 billion debt pile for Virgin Atlantic
Monaco
DON Elite Online Platform opens $10m funding round
Monaco based HNW & UHNW network
extends digital presence
Finland
Rocsole seeks $6m funding
The Oil & Gas startup
Analysis
Europe
Europe launches €37B initiative to protect businesses during COVID-19 crisis
The European Union is moving to aid affected businesses with a relief plan worth more than €37 billion (around $41 billion).
Europe
European VC enters mega-fund land as Atomico closes on $820 million
Europe’s ever-growing startup ecosystem is prompting venture capitalists to raise ever-larger war chests. The latest is Atomico, a London-based firm.
China
Imagination Tech's owner plans to re-list chip designer
Canyon Bridge, the China-backed owner of Imagination Technologies..
IPOs & Markets
Chinese lactic acid products maker Jindan floats $90m IPO
The company sold 28.3 million shares at a price of over 22.53 yuan ($3.18) apiece in the offering.
India
Three private sector lenders pare stake in India's Yes Bank
Lenders have a three-year lock-in only for 75% of their stakes and are not barred from selling the rest in the...
Venture Capital
Mega-funds thrive despite hard times for small and first-time VCs
Venture capital's biggest firms are heading into a recession with a slew of newly raised mega-funds
Europe
EQT extends runway for €14.8B fund as virus batters fundraising in Europe
Swedish PE giant EQT said Friday that the COVID-19 crisis and its impact on the global economy will likely delay fundraising efforts for its upcoming fund, EQT IX, targeting €14.75 billion (around $16 billion).
Singapore
Sembcorp unit begins proceedings against...
Just last week, Sembcorp Cogen terminated its gasoil supply and storage agreement with Hin Leong.
IPOs & Markets
Social Capital defies IPO lull with $720m blank-check
Palihapitiya is understood to have originally been looking to raise $600 million in the IPO...
Deals
Netflix to raise $1b in debt to fund original content
Netflix plans to use some of the cash to acquire content and for possible acquisitions.
People
China
Chinese self-driving truck startup Inceptio raises $100m from GLP
The proceeds from its series A funding round will be used to further develop its technologies and to start commercial trials
UK
Market Movers Blog: UK listed businesses raise £3.4bn from investors during lockdown
UK listed businesses have raised £3.4bn in additional funds from investors in an attempt to shore up balance sheets