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Klarna
Buy-now, pay-later startup Klarna is close to finalizing a fresh capital injection from SoftBank.
The two firms have been in discussions for at least two weeks, sources told Insider.
The deal could value Klarna, already Europe s most valuable private startup, above $40 billion.
Klarna, Europe s most valuable private startup, is close to finalizing funding led by SoftBank at a higher valuation, according to three sources with knowledge of the matter.
The funding is expected to include other major US investors following rapid growth in the buy-now, pay-later startup s American business.
The size of the cash injection is not yet finalized but is expected to be less than the $1 billion Klarna raised in March. One source indicated it could be around $500 million. The figures could change, and the deal is expected to close soon.
Lloyds close to finalising £400m Embark Group takeover
SkyNews reports
Lloyds Banking Group is in advanced talks to finalise a takeover of pensions and platforms company Embark Group.
According to SkyNews, where reports of the deal first surfaced, the potential acquisition could be announced before the end of the month. Embark has made a number of acquisitions itself in recent years..
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Chrysalis eyes new placing fundraise as it targets £1bn investment pipeline
Board believes placing will put trust in a strong position to take advantage of ‘compelling pipeline’
Chrysalis Investments is eyeing another placing programme to chase up over £1bn of investment opportunities in the coming months.
A RNS filing on Wednesday revealed the £770m trust is seeking shareholder approval to issue up to 600 million ordinary and/or C shares at an extraordinary general meeting held after its AGM on 8 March.
The board said managers Richard Watts (pictured) and Nick Williamson had a “strong pipeline of investment opportunities” totalling £1bn and had also identified around £250m of follow-on opportunities that may be available over the coming months.
Funding Deal Values Oliver Parent at $1.36bn
January 15, 2021
You & Mr Jones, the global brand-tech group which owns a 50% stake in Oliver Ireland has raised $260m from the UK investment vehicle Merian Chrysalis in a deal which values the company at $1.36bn.
Founded by former Havas global CEO David Jones five years ago, the company has expanded significantly through a number of acquisitions primarily in the technology and marketing sectors. The company helps businesses devise and implement digital transformation strategies for their brands in addition to owning the in-house marketing and advertising business Oliver. Since it was set up in 2015, You & Mr Jones has raised $610m.