🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Apollo, BC Partners Near Deal for $5.6 Billion GFL Environmental Services Unit
Livemint
·
6m ago
Medial
A consortium led by Apollo Global Management and BC Partners is near to acquiring a controlling stake in GFL Environmental Inc.'s environmental services unit, valued at approximately C$8 billion, including debt. The deal is expected to be announced soon, with GFL retaining an option to repurchase the stake. GFL, a major waste management firm, has seen significant growth but is looking to offload less profitable businesses to manage its debt.
View Source
Related News
UAE's e& seeks to buy $8.6 bn European carrier United Group
VCCircle
·
1y ago
Medial
Emirates Telecommunications, based in Abu Dhabi, is reportedly considering the acquisition of United Group, a European cable and pay-TV operator. The deal is valued at approximately €8 billion ($8.6 billion). Private equity firm BC Partners, which currently owns a majority stake in United Group, plans to begin the formal sale process next month. Neither United Group nor Emirates Telecommunications have responded to requests for comment.
View Source
Private equity firm CD&R to buy IT company Presidio from BC Partners
Reuters
·
1y ago
Medial
US private equity firm Clayton Dubilier & Rice (CD&R) has announced its acquisition of a majority ownership position in information technology provider Presidio from BC Partners. BC Partners will retain a minority ownership position in the company. The terms of the deal were not disclosed. CD&R expects the transaction to close in the second quarter of 2024. Presidio has changed private equity owners multiple times since its founding in 2003.
View Source
Intel nears $11 billion deal with Apollo for Ireland facility: report
Economic Times
·
1y ago
Medial
Intel is reportedly in advanced discussions with Apollo Global Management for a deal that would see Apollo provide over $11 billion to help construct a chip factory in Ireland. Intel aims to enhance its manufacturing business and compete with TSMC by boosting its presence in the US through a planned $100 billion investment across multiple states. Intel and Apollo are currently engaged in exclusive talks, and a deal could be finalized in the next few weeks. Other companies like KKR and Stonepeak were also considered before Apollo took the lead. Intel has not provided any comment on the matter yet.
View Source
UAE's Tabreed, CVC in exclusive talks to buy Multiply unit
VCCircle
·
2m ago
Medial
UAE's Tabreed and CVC are in exclusive talks to acquire Multiply Group's district cooling business in a deal potentially exceeding $1 billion. Engie-backed Tabreed and private equity firm CVC were the highest bidders for PAL Cooling Holding, a unit of Multiply. This move underscores growing international investment interest in the Gulf as economies diversify from oil. District cooling is favored for its economic and environmental benefits in the region's extreme climate.
View Source
Fidelity marks up Lenskart valuation by 12% to $5.6 billion
Economic Times
·
8m ago
Medial
Fidelity, a US-based financial services company, has increased the valuation of eyewear retailer Lenskart to $5.6 billion, reflecting a 12% increase. The valuation update, as of September 30, was published in Fidelity's monthly portfolio holdings. Lenskart achieved an annual revenue run rate of $1 billion this financial year. In June, Fidelity and Temasek invested $200 million in Lenskart, valuing the company at $5 billion. Lenskart had previously raised $600 million in total from Abu Dhabi Investment Authority and ChrysCapital in March 2023. The company's founder, Peyush Bansal, mentioned plans to invest $200 million in a new manufacturing unit in India.
View Source
Cancer care startup Onco pulls down shutters as unit economics bite - The Economic Times
Economic Times
·
27d ago
Medial
Onco, a Bengaluru-based cancer care startup, ceased operations due to unsustainable unit economics. Founded in 2016, Onco acted as a hospital aggregator and provided online consultancy services for cancer patients. Despite raising over $7 million from investors like Accel and Chiratae Ventures, Onco struggled with high compliance costs and low profit margins. Hospitals maintained control, and customers were reluctant to pay for online services. The company was eventually acquired by Apollo Hospitals Group.
View Source
Elon Musk Expands SpaceX Facility in Texas With Controversial Land Swap Deal
Gizmodo
·
1y ago
Medial
The Texas Parks and Wildlife Commission has approved a land swap deal with SpaceX, allowing Elon Musk's company to acquire 43 acres of land. In return, the state will be given around 477 acres near the Laguna Atascosa National Wildlife Refuge Bahia Grande Unit. The decision was met with opposition from the public, including local environmentalists who are concerned about the impact on conservation efforts. However, the deal was supported by Texas Parks and Wildlife Chairman Jeffery Hildebrand. SpaceX is planning to expand its launch site and recently announced plans for a restaurant and shopping center near its South Texas facility.
View Source
Apollo's fourth-quarter profit tops estimates on strong fee growth, retirement unit
VCCircle
·
5m ago
Medial
Apollo Global Management's fourth-quarter profit exceeded expectations, driven by strong fee growth and a robust performance in its retirement unit. The company saw a significant inflow, with assets under management increasing 15% to $751 billion. Despite missing the $757.2 billion estimate, Apollo's adjusted net income rose 15% to $1.36 billion. CEO Marc Rowan emphasized delivering steady growth, with targets of $1 trillion assets by 2026. The firm also reported a notable $61 billion in origination volume.
View Source
Alphabet's Waymo closes $5.6 billion funding to expand autonomous ride-hailing service
Economic Times
·
9m ago
Medial
Alphabet's self-driving unit, Waymo, has secured $5.6 billion in funding led by parent company Google. The investment will help Waymo expand its autonomous ride-hailing service, Waymo One, in cities including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta. The funding round saw participation from existing investors such as Andreessen Horowitz, Fidelity, Silver Lake, and Tiger Global. Waymo has spent years testing autonomous vehicles and is now offering paid rides to the public in select locations. This investment comes as automakers and technology companies continue to invest in autonomous ride-hailing services despite regulatory challenges.
View Source
SoftBank eyes up to $25B investment in OpenAI: Report
YourStory
·
6m ago
Medial
SoftBank plans to invest up to $25 billion in OpenAI, becoming the largest backer of the ChatGPT creator. This involves OpenAI's Stargate initiative, a joint venture with SoftBank to develop data centers and generate 100,000 US jobs. While the deal isn’t finalized, SoftBank aims for a significant stake to achieve "superintelligence." Meanwhile, Chinese startup DeepSeek impressively trained its AI model with just $5.6 million, gaining attention from OpenAI's Sam Altman.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
