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MPs raise alarm as Chinese private equity sets its sights on UK tech

But there are now added fears that the Covid crisis โ€“ which has wiped billions off the value of UK companies โ€“ could trigger a wave of attempts by Chinese private equity firms and other predators to pounce on cutting-edge groups on the cheap.ย  This could lead to a brain drain with highly skilled British jobs and intellectual property flowing overseas. Conservative MP Bob Seely, who sits on the Commons foreign affairs committee, said: There is a problem with private equity anyway but weve g...
United Kingdom City Of Bob Seely Drew Nelson Matthew Byatt Gerald Howarth

Shortage of computer chips takes toll on manufacturers

Stellantis, the car giant behind Vauxhall, Fiat and Peugeot, is the latest company to warn of production woes, following the lead of rivals Ford and Nissan as well as smartphone makers Apple and Samsung.ย  Stellantis said that production in the first quarter of 2021 was down 11 per cent, but added that the second quarter would be even worse. Because of the problem, the firm has had to stop installing digital speedometers in its Peugeot 308 cars and return to using older analogue ones. Richard P...
Castle Bromwich United Kingdom West Midlands United Kingdom General United States Richard Palmer

Innoveo Announces Series A Funding Round of $15 Million

Innoveo Announces Series A Funding Round of $15 Million NEW YORK, April 20, 2021 /PRNewswire/ -- Innoveo, a leading provider of enterprise no-code solutions, has announced the completion of its $15 million Series A funding round after a highly successful year in 2020. Paulson & Co. Inc., founded by John A. Paulson, and an affiliate fund of Michael E. Tennenbaum are first-time investors in Innoveo and will join Everstone Capital, one of Asias premier investment firms focused on cross-border Nort...
United States Michaele Tennenbaum Johna Paulson Innoveo Skye Amir Ghaffar Kostenloser Wertpapierhandel

Arm could return to London's stock market if Nvidia deal falls through

But a new security probe into the sale by UK authorities, calls in China for regulators to block it altogether and opposition from some of Armโ€™s customers have led some to conclude the deal is doomed. Matthew Byatt, managing partner and semiconductor expert at Acuity Advisors, said Nvidiaโ€™s takeover was facing โ€˜severe headwinds that are getting strongerโ€™. But he said there is a strong case for Softbank to switch to an initial public offering (IPO) โ€“ or float โ€“ of Arm instead. Byatt ...
United Kingdom City Of Matthew Byatt Neil Campling Acuity Advisors Mirabaud Securities

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