CVC pulls back from IPO as turbulence hits May 11, 2022 Buyout giant CVC Capital has pushed back a planned move onto the public markets this year as market turmoil continues to take its toll on IPO activity.
US oil giant Chevron backs London cleantech firm in $150m funding round May 11, 2022 US oil giant Chevron has thrown its weight behind London cleantech firm Carbon Clean today in a $150m funding injection - the largest ever equity round for a ‘point of emission’ carbon capture company.
Tiger Global nursing $17bn losses after global tech rout May 10, 2022 Prolific tech investor Tiger Global is nursing losses of $17bn this year after a rout in global tech stocks, fresh data has revealed.
Yapily snaps up German open banking firm as it ‘builds the muscles’ for global push May 10, 2022 London fintech Yapily has snapped up German open banking firm finAPI today as it “builds the muscles” for a push into a swathe of new global markets.
Payments firm Paddle bags ‘unicorn’ status with $200m funding boost May 10, 2022 London fintech firm Paddle has bagged a $200m funding injection today at a valuation of $1.4bn, making it the latest UK firm to achieve so-called ‘unicorn’ status with a value of more than $1bn.
Investors fled equities in April in worst month of flows since March 2020 May 9, 2022 Global exchange traded products notched their worst month of flows since March 2020 in April as investor jitters spread amid soaring inflation and the continued turbulence of war in Ukraine.
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]
City exclusive: Women occupy less than one in six senior positions at London hedge funds May 9, 2022 The financial industry has long been dominated by men, whether in banking, insurance, or hedge fund management. Even today, it has emerged that women occupy just 15 per cent of senior positions in the City’s hedge funds. A new study that was exclusively shared with City PM found that, within hedge funds, only one in [...]
Private equity firms dismiss Brexit concerns in European investment surge May 9, 2022 UK private equity firms shrugged off Brexit concerns and went on the offensive in Europe last year as acquisitions of corporates on the continent jumped 80 per cent, fresh data has revealed.
London-listed HydrogenOne injects £20m into fuel cell firm May 9, 2022 Energy investment vehicle HydrogenOne has pumped £20m into a fuel cell firm today as it looks to spur the development of emission-free electricity.
