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Stripe said to be in advanced talks to raise $4bn at a markdown valuation of $55bn.?
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The Federal Communications Commission put off consideration of hedge fund Standard General L.P. 's proposed purchase of broadcaster TEGNA , a delay that could kill the $8.6bn transaction,?Bloomberg ?reported.
The agency is concerned that the transaction proposed a year ago might trigger price increases for consumers as TV stations boost charges for cable providers. The deal might also reduce local content on TV stations and ordered a hearing.
Standard General is advised by 高盛 , Moelis & Company , RBC Capital Markets , Cooley LLP (led by? Michael Basile ), Fried Frank (led by? Warren de Wied ?and? Roy Tannenbaum ), Pillsbury Winthrop Shaw Pittman LLP , and Joele Frank (led by? Andrew Siegel ?and? Jamie Moser ). Debt financing is provided by RBC Capital Markets . TEGNA is advised by Evercore , Greenhill & Co. , J.P. 摩根 (led by? Marco Caggiano ), Covington & Burling LLP , Wachtell, Lipton, Rosen & Katz (led by? Viktor Sapezhnikov ,? Igor Kirman ,? Victor Goldfeld , and? Andrew Brownstein ), and FGS Global (led by? George Manolis ). Financial advisors are advised by 富而德律师事务所 (led by? Ethan Klingsberg ).
Thoma Bravo , a private equity firm, completed the acquisition of Coupa Software , a cloud platform for business spend management, for $8bn.
"This is an important milestone for Coupa, underscoring our market-leading position and the value we're co-creating with our customer community. Thoma Bravo shares our vision and brings strategic and operational expertise. This move is an opportunity for us to strengthen our business fundamentals and continue delivering leading-edge innovation on our platform," Rob Bernshteyn, Coupa Chairman and CEO.
Coupa Software was advised by Qatalyst Partners (led by? George Boutros ?and? Jeff Chang ), 富而德律师事务所 (led by? Damien Zoubek ?and? Jenny Hochenberg ) and Joele Frank (led by? Matthew Sherman ). Qatalyst Partners was advised by Morrison Foerster (led by? Spencer Klein ). Thoma Bravo was advised by 高盛 , Piper Sandler , Kirkland & Ellis (led by? Cole Parker ,? Peter Stach ?and? Matthew Benedetto ), and FGS Global (led by? Elizabeth Micci ).
KKR , an investment firm, completed the acquisition of LOGISTEED Europe B.V. , a supplier of logistics services, for $6bn.
"We are pleased to have this opportunity to invest in Hitachi Transport System, a pioneer in the Japanese 3PL market that has provided innovative logistics and supply chain solutions for many years. We look forward to utilizing KKR's global network and expertise to accelerate Hitachi Transport System's next phase of growth and help the company achieve its goal of becoming the leading 3PL company in Asia through technology enablement and inorganic growth in a collaborative manner," Hiro Hirano, KKR Co-Head of Asia Pacific Private Equity.
Hitachi was advised by 摩根士丹利 , 瑞银集团 and Nishimura & Asahi (led by? Shiga Yuji ,? Jiro Abe ?and? Takeshi Nemoto ). KKR was advised by 美国银行 , 三井住友银行 , Mori Hamada & Matsumoto (led by? Tomohiro Tsuchiya ), Simpson Thacher & Bartlett LLP (led by? Ian Ho ), Community (led by? Auro Palomba ) and FGS Global (led by? Ronald Low ?and? Genevieve White ).
IKAV Group , an international asset management group, completed the acquisition of Aera Energy LLC , an oil and gas producer, from 埃克森美孚 , an international energy and petrochemical company, and Shell, a global group of energy and petrochemical companies, for $4bn.
"In addition to our long-term goal and commitment to renewable energy, we recognize the continued need for oil and gas and for these assets to be operated safely and responsibly to facilitate a smooth and sustainable transformation of our energy supply. We advocate a co-existence between renewable and conventional energy for decades to come. Aera fits our philosophy, and we are excited to be working with its exceptional team, who share our culture and long-term ambitions," Constantin von Wasserschleben, IKAV Chairman.
IKAV was advised by 花旗 , Truist Securities , 富国银行 and Haynes and Boone, LLP . Shell was advised by J.P. 摩根 .?
Stripe said to be in advanced talks to raise $4bn at a markdown valuation of $55bn.?
Digital payments processor Stripe is close to raising $4bn in fresh capital at a valuation of about $55bn,?DealStreetAsia ?reported.
The latest capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95bn in early 2021.
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