The internal valuation of $12 billion represents a significant decline from the $40 billion assigned to Checkout.com in a 2022 funding round.
Continue readingOnce a $40 billion fintech darling, Checkout.com is now valued at $12 billion
Amundi holds first closing Amundi ETI Megatrends III at €285m
Amundi Private Equity Funds has held the first closing of the third vintage of its institutional strategy Amundi ETI Megatrends III, which includes investment vehicles dedicated to both individual and institutional investors at €285m in capital commitments.
Continue readingBlackstone explores sale or IPO of Ancestry.com
Global private investment giant Blackstone is considering strategic options for genealogy platform Ancestry.com, including a potential initial public offering or sale, according to a report by Reuters citing unnamed people familiar with the matter.
Continue readingMillennium and Modular to End $600m asset management relationship
Macro hedge fund Modular Asset Management is set to conclude its $600m separate account with Millennium Management by the end of the year by mutual consent, bringing to an end a partnership that began in early 2020 after Modular spun out from the multi-strat major.
Continue readingQuant Qube’s first human stock-picking team to go live next week
Quant-focused hedge fund Qube, which has $34bn in assets under management, is set to go live with its first internal fundamental stock-picking team on 1 October, according to a report by Business Insider citing unnamed sources.
Continue readingDatasite’s Mark Williams: Rising defence deals demand rigorous due diligence
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Continue readingStories of the week: UK Inflation, the Autumn Budget and Hargreaves Lansdown
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Continue readingTrump approves $14bn TikTok US spin-off with Oracle, Silver Lake, and KKR as investors
Trump approves $14bn TikTok US spin-off with Oracle, Silver Lake, and KKR as investors President Donald Trump has signed an executive order approving the creation
Continue readingU.S. expands tariff dragnet to masks, syringes and robotics in sweeping import probe
The Trump administration has launched investigations into imports of robotics, industrial machinery and medical devices, paving the way for fresh tariffs.
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