By Shiwen Yap
Megakaryon Corporation, Every, Base and Cognitee, technology businesses based in Tokyo, have raised funding for further growth.
The fund has generated an IRR of 14.7 per cent net of fees or a 1.5x Multiple of Invested Capital, which is 0.7 per cent over its expected return at the outset of the investment.
This is the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.
PNW will acquire 100 percent of the equity in Crocmedia in exchange for 91.6 million PNW shares.
Oaktree subsidiary Boardriders Inc agreed to buy Billabong in a deal that values the surfwear brand at about $155 million.
It made the acquisition through a special purpose vehicle jointly set up with Youyoung founder and CEO Jung Ho-tae.
One of the wealthiest people in the world on paper, Kalanick would become an actual billionaire for the first time as a result of the sale.
Brookfield Business Partners LP and institutional partners will buy the business using $1 billion of equity and $3 billion of long-term debt financing.
The company has so far raised about $70 million from investors including Morgan Stanley and various venture capital firms.
Nasdaq-listed solar power firm Canadian Solar Inc. has divested the Oakey 2 Solar Farm in Queensland as part of a portfolio sale to London-based Foresight Solar Fund Limited.