Key Takeaways
- • Mubadala Capital completed its $6.2b take-private buyout of Clear Channel Outdoor, per the primary source.
- • Lone Star and Atlas Holdings are reported as potential bidders for International Paper's IPO-bound European packaging business, which could be valued near $6b according to the Financial Times.
- • AstraZeneca will pay $40m upfront and up to $1.5b to drug discovery startup Insitro to explore new cardiometabolic disease treatments.
- • Aligned Climate Capital secured $387m for community solar projects led by Apollo's Apterra Infrastructure Capital.
- • Richemont is considering joining a consortium bidding for De Beers, according to Reuters.
Summary
Mubadala Capital completed its $6.2b take-private buyout of Clear Channel Outdoor, according to Axios's daily deals roundup. The transaction marks a full exit from public markets for the outdoor advertising company.
In private equity, Lone Star and Atlas Holdings are among the potential bidders for International Paper's IPO-bound European packaging business, which could be valued near $6b, per the Financial Times. The business is being prepared for a public listing, and the bidder field remains at the exploration stage.
In M&A, Richemont, the luxury group that owns Cartier, is considering joining a consortium bidding for diamond giant De Beers, according to Reuters. Separately, Sakuu, a San Jose, Calif.-based battery machine manufacturer, plans to go public at an implied $600m valuation via a reverse merger with Pyrophyte Acquisition Corp. II (NYSE: PAII).
In healthcare, AstraZeneca will pay $40m upfront and up to $1.5b to drug discovery startup Insitro to explore new cardiometabolic disease treatments.
In fundraising, Aligned Climate Capital secured $387m for community solar projects led by Apollo's Apterra Infrastructure Capital. Integrated Power Services, backed by Searchlight, acquired Bold Renewables, a Windsor, Colo.-based maintenance and parts provider for solar inverters.
In venture capital, Mueon raised $65m in Series A funding led by Maverick Silicon, with participation from Intel Capital, IQT, M-Ventures, and Oregon Venture Fund. Rabot Energy raised $50m in Series B funding led by Endeit, and Fission raised $10m in Series A funding led by Pantera Capital to provide liquidity infrastructure for tokenized investment funds.
In private equity, Lone Star and Atlas Holdings are among the potential bidders for International Paper's IPO-bound European packaging business, which could be valued near $6b, per the Financial Times. The business is being prepared for a public listing, and the bidder field remains at the exploration stage.
In M&A, Richemont, the luxury group that owns Cartier, is considering joining a consortium bidding for diamond giant De Beers, according to Reuters. Separately, Sakuu, a San Jose, Calif.-based battery machine manufacturer, plans to go public at an implied $600m valuation via a reverse merger with Pyrophyte Acquisition Corp. II (NYSE: PAII).
In healthcare, AstraZeneca will pay $40m upfront and up to $1.5b to drug discovery startup Insitro to explore new cardiometabolic disease treatments.
In fundraising, Aligned Climate Capital secured $387m for community solar projects led by Apollo's Apterra Infrastructure Capital. Integrated Power Services, backed by Searchlight, acquired Bold Renewables, a Windsor, Colo.-based maintenance and parts provider for solar inverters.
In venture capital, Mueon raised $65m in Series A funding led by Maverick Silicon, with participation from Intel Capital, IQT, M-Ventures, and Oregon Venture Fund. Rabot Energy raised $50m in Series B funding led by Endeit, and Fission raised $10m in Series A funding led by Pantera Capital to provide liquidity infrastructure for tokenized investment funds.
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