Magna International Inc. and Veoneer, Inc. have announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a provider of automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $ 31.25 per share in cash, representing a total…
3Lines Venture Capital has announced the appointment of Nick Nardi as its Senior Advisor immediately. Nick joins 3Lines Venture Capital after building up the M&A French and UK portfolio for Public Services at Harris Computers, an operating company of Constellation Software Inc. Most recently, as a Senior Executive Vice President at Harris Computers, Nick completed…
Whatfix, a Digital Adoption solutions provider, has announced a new addition to their technology partnership with Microsoft to support enterprises in adopting the Microsoft Dynamics 365 Suite. “As the world continues to evolve, enterprises are adopting new technology at a rapid pace. There are simply too many tools available for employees to utilize efficiently, which…
Mukta Arts, a production house with business interests across the entertainment spectrum from Exhibition to Education, has announced that it has appointed Satwik Lele as Chief Operating Officer at Mukta A2 Cinemas, the exhibition subsidiary of Mukta Arts Limited that operates Mukta A2 multiplexes in India and Kingdom of Bahrain. Satwik comes with over 18…
CareerBuilder, a global talent acquisition platform and job marketplace, has announced that technology industry veteran Susan Arthur has been named Chief Executive Officer, effective immediately. Arthur, with over 30 years of experience, will continue advancing CareerBuilder’s mission to connect companies with talent. She joins from Optum, where she served as Chief Operating Officer for the $10B technology and services division, OptumInsight.…
King Street Capital Management, L.P., a $20 billion global investment manager specializing in credit, has announced that it has raised $1.2 billion for its inaugural Global Drawdown Fund from existing and new investors, exceeding its $750 million target. “GDF underscores our strong track record of sourcing and investing in complex and misunderstood situations. We look…
Northleaf Capital Partners has announced that it has held the final closing for its third pooled infrastructure fund, Northleaf Infrastructure Capital Partners III (NICP III), raising more than US$1.4 billion of commitments and exceeding the original target of US$1.25 billion. Northleaf’s infrastructure program is focused on direct, long-term investments in mid-market assets in OECD countries,…
Ethos, the insurtech platform, has raised an additional $100 million in capital. The new investment from SoftBank Vision Fund 2 brings Ethos’ valuation to $2.7 billion and total funds raised to $400 million. SoftBank joins an all-star cast of investors including Sequoia Capital; Accel; GV (formerly Google Ventures); General Catalyst; Jay-Z’s Roc Nation; and the…
The Estée Lauder Companies has announced that Daniel Mahler has been promoted to Executive Vice President, Global Transformation and Category Leadership, effective July 1, 2021. He will continue to report jointly to Fabrizio Freda, President and Chief Executive Officer, and Tracey T. Travis, Executive Vice President of Finance and Chief Financial Officer. “Our unique Transformation…
HealthifyMe, India’s AI health and fitness app has announced that it has raised USD 75 million in a Series C round led by LeapFrog and Khosla Ventures. HealthQuad, Unilever Ventures, and Elm (Saudi Arabia PIF entity) also participated in the round along with existing investors Chiratae Ventures, Inventus Capital and Sistema Asia Capital. It takes…
Pitstop, a tech-enabled multi-brand car service provider, has announced the appointment of its new Chief Executive Officer – Services, as it prepares to move ahead with the next stage of growth. “The auto aftermarket industry is at an inflection point. There are new technologies fuelling new business models. Pitstop continues to innovate and scale in…
Multi-channel sales engagement platform, Outplay has announced its $7.3 million series A fundraise from Sequoia Capital India. Outplay will use the funds raised to invest in technology and hiring exceptional talent across the globe. Speaking on the announcement, Laxman Papineni, CEO of Outplay, commented,”Outbound sales teams are truly the dark horse of the sales organization…
Diversified professional services and investment management company Colliers has announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India and Managing Director, Market Development for Asia, effective immediately. Ramesh joins Colliers from JLL India, where he held the position of CEO & Country Head, leading over 12,000 people. He has experience…
Cognizant has announced that it has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company based in Lismore, Ireland. TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations. Founded in 1998, TQS services clients in the life sciences, food and…
Deltek, a global provider of software and solutions for project-based businesses, has announced that it has appointed Natasha Engan as the Senior Vice President of Global Sales and Brian Daniell as Chief Customer Officer. Engan and Daniell, both Deltek veterans, will continue reporting to Deltek CEO, Mike Corkery. Natasha Engan brings over 20 years of…