Archives

Phillips 66 Divesting Majority Interest In German And Austrian Marketing Businesses For $1.6 Billion

By Amit Chowdhry ● May 18, 2025

Phillips 66 announced that its subsidiary Phillips 66 Continental Holding GmbH has entered into a definitive agreement to divest a 65% interest in its Germany and Austria retail marketing business, such as JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. And Phillips 66 will retain a non-operated 35 percent interest in the business through a newly formed joint venture.

Arm And SoftBank Contributing $15.5 Million To Advance AI With Carnegie Mellon And Keio

By Amit Chowdhry ● May 18, 2025

Carnegie Mellon University (CMU), Arm, and SoftBank Group (SBG) announced that Arm and SBG will contribute $15.5 million to CMU to support its partnership with Keio University, a collaboration to accelerate the global advancement of AI.

DICK’S Sporting Goods Buying Foot Locker In $2.4 Billion Deal

By Amit Chowdhry ● May 18, 2025

DICK'S Sporting Goods (a leading U.S.-based full-line omnichannel sporting goods retailer) and Foot Locker (a leading footwear and apparel retailer) announced that they have entered into a definitive merger agreement under which DICK'S will acquire Foot Locker. This deal implies an equity value of about $2.4 billion and an enterprise value of about $2.5 billion.

1848 Ventures Buying Home Management Company Luminest

By Amit Chowdhry ● May 18, 2025

1848 Ventures, an AI-first venture studio building SaaS solutions for small and medium-sized businesses (SMBs), announced the acquisition of Luminest, an AI-based home management startup focused on predictive maintenance and structured property data.

BioMarin Buying Inozyme Pharma In $270 Million Deal

By Amit Chowdhry ● May 18, 2025

BioMarin Pharmaceutical and Inozyme Pharma announced that BioMarin has entered into a definitive agreement to acquire Inozyme for $4 per share in an all-cash transaction for a total consideration of about $270 million.

Dentons: Senior Foreign Attorney Anna Jeewon Shin And Partner Alana Sliwinski Join The Firm

By Amit Chowdhry ● May 18, 2025

Dentons recently announced a couple of notable hires, including senior foreign attorney Anna Jeewon Shin and partner Alana Sliwinski.

BSR REIT Buying Two Houston Communities In $141 Million Deal

By Amit Chowdhry ● May 18, 2025

BSR Real Estate Investment Trust announced that it has purchased two recently constructed communities, Forayna Vintage Park and Botanic Luxury, each located in the Houston, Texas MSA, for $141 million.

Coupa Buying AI-Based Category Management Company Cirtuo

By Amit Chowdhry ● May 18, 2025

Coupa announced it has acquired Croatia-based Cirtuo, a leader in AI-powered category management. This strategic investment advances Coupa's autonomous spend management vision and underscores Coupa's commitment to developing AI-based solutions that improve productivity, agility, and resilience while offering margin impact.

Corinthian Capital And Valesco Buying Majority Interest In Trimlight

By Amit Chowdhry ● May 18, 2025

Corinthian Capital Group (a middle-market private equity firm) announced that an affiliate of Corinthian, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, a leading provider of permanent exterior LED lighting solutions.

Charter And Cox Combining In $34.5 Billion Deal

By Amit Chowdhry ● May 17, 2025

Charter Communications (along with its subsidiaries) and Cox Communications announced that they have entered into a definitive agreement to combine their businesses in a transformative deal that will create an industry leader in mobile and broadband communications services, seamless video entertainment, and customer service delivering benefits for employees, customers, communities, and shareholders.

Metafoodx: $9.4 Million Raised For Fighting Food Waste

By Amit Chowdhry ● May 17, 2025

Metafoodx, an AI food operations company, announced it has raised $9.4 million in funding led by Trustbridge Partners, with participation from BlueRun Ventures and ScalableVision Capital.

Therini Bio: $39 Million Series A Secured For Advancing Clinical Development Of Neurodegenerative Disease Immunotherapies

By Amit Chowdhry ● May 17, 2025

Therini Bio - a clinical-stage biotech company developing fibrin-targeting immunotherapies for neurodegenerative diseases driven by vascular dysfunction - announced that it raised $39 million in a Series A extension financing. This extension financing included new investors, Angelini Ventures and Apollo Health Ventures, along with existing investors SV Health Investors’ Biotech Fund and Dementia Discovery Fund, MRL Ventures Fund, Sanofi Ventures, Eli Lilly and Company, Dolby Family Ventures, and Foundation for a Better World. This financing funding Therini Bio’s Series A, bringing the total to $75 million.

Redica Systems: Financing Raised For Advancing Quality In Life Sciences

By Amit Chowdhry ● May 17, 2025

Redica Systems, a leader in Quality and Regulatory Intelligence for the Life Sciences industry, announced a financing. Merck Global Health Innovation Fund (MGHIF), along with existing investors Savant Growth and Rock Creek Capital, participated in the financing.

Ascendx: $110 Million Raised To Transform CRM With AI-Based Insights

By Amit Chowdhry ● May 17, 2025

Ascendx, a provider of enterprise-grade CRM SaaS solutions, announced it has raised $110 million. Osprey Investors and Columbia Lake Partners led the funding. This funding features $60 million in equity and $50 million in debt financing and marks one of the largest growth-stage investments in the CRM space to date.

ContactMonkey: Growth Capital Raised From CIBC Innovation Banking

By Amit Chowdhry ● May 17, 2025

CIBC Innovation Banking announced that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. ContactMonkey is an internal email platform used by 10,000+ communicators worldwide. And the platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams, and major human resource information software (HRIS) platforms, helping users engage employees across their organization.

Left Main REI: Strategic Investment Raised From Cofounders Capital

By Amit Chowdhry ● May 17, 2025

Left Main REI, a leading CRM and data intelligence platform for real estate investors, announced the closing of a series seed round and major strategic investment from Cofounders Capital, a North Carolina-based venture capital firm.

Clifford Chance: Victoria Salem Named As Partner In Global Financial Markets Team

By Amit Chowdhry ● May 17, 2025

Global law firm Clifford Chance announced it has hired Victoria B. Salem as a partner in its Global Financial Markets team, while further building its energy and infrastructure financing offering in the US.

Entrata: Multifamily Community OS Company Raises $200 Million At $4.3 Billion Valuation From Blackstone

By Amit Chowdhry ● May 17, 2025

Entrata, an operating system for multifamily communities, announced a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. This funding round comes as the company moves forward on its next chapter of growth, serving the rental housing industry through innovative technology that streamlines operations for property managers and elevates the living experience for millions of residents.

Algoma: $2.3 Million Seed Funding Raised For Real Estate Development Platform

By Amit Chowdhry ● May 17, 2025

Algoma, an AI-native real estate development platform that helps developers turn an address into a deal, announced it has raised $2.3 million in seed funding. The funding round was led by Zacua Ventures, with participation from SOSV, Iron Prairie Ventures, DOMiNO Ventures, Compose VC and a network of angel investors across AI, construction, and real estate.