Hazel Technologies Food-Waste Solutions Get $70 Million Boost From Investors forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Additional $600m for low-carbon solutions as BlackRock forms new investment partnership
The world s largest investor, BlackRock, has forged a new partnership with Singapore-based Temasek to scale up investment in low-carbon technologies.
The partnership believes it can raise $1bn initially
Called ‘Decarbonization Partners’, the partnership has committed to initially invest a combined $600m in initial funds, that will be used for late-stage venture capital projects and existing early growth equity private funds. Funding will be raised by third parties as well as from Blackrock and Temasek’s own teams. Beyond the initial $600m, the partnership believes it can raise $1bn.
Funding will go towards technologies, products and systems that contribute to the delivery of a net-zero world while also providing long-term, sustainable financial returns at the same level as their higher-carbon predecessors. A statement from BlackRock revealed that focus areas will be next-generation ren
Carlo Rivetti Discusses Moncler s Stone Island Acquisition hypebeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hypebeast.com Daily Mail and Mail on Sunday newspapers.
US private equity Advent International has pared its holding further in Crompton Greaves Consumer Electricals. According to bulk deal data, Advent-owned Amalfiaco sold 6.06 per cent stake in CG Consumer in two equal tranches at Rs 392 per share and Rs 393 per share. This resulted in raising of Rs 1,492 crore from the transaction. Alongside, Societe Generale has picked up 0.62 per cent stake for Rs 153 crore. Meanwhile, identity of other buyers could not be ascertained. Investment banker said mutual funds and foreign portfolio investors were also among the buyers. Today, shares of CG Consumer ended at Rs 407 per share on BSE, down 0.45 percent from previous close.
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Mumbai: Outbidding global buyout funds, home grown private equity fund True North is all set to acquire a minority stake in Bengaluru-based contract research and manufacturing services firm Anthem Biosciences, multiple people aware of the development said.
True North will acquire about 8-10 per cent stake in Anthem Biosciences for Rs 740 crore ($75-100 million), at a valuation of $1 billion (Rs 7,400 crore).
Others who were in the race include US funds Warburg Pincus, General Atlantic and Singapore-based Temasek Holdings. The deal is expected to be signed by next week, sources added.
Set up by ex-Biocon executive Ajay Bharadwaj, Rs 1,200-crore Anthem Biosciences competes with Biocon-owned