Tag: Private Equity

Private equity and venture capital inflows dive 73% YoY in November
Business

Private equity and venture capital inflows dive 73% YoY in November

CHENNAI: November marked a lull for private equity and venture capital (PE-VC) as investments did not cross the $1 billion mark. PE-VC investments came in at a record low of $800 million from just 51 deals, as per data sourced from Venture Intelligence. In value terms, this represented a 73% decline from the same month last year, and a 68% fall from October 2023.In terms of deal count, the year-ago period recorded 65 deals. Only two mega deals (deals over $100 million) were recorded in number in November, compared to six in the same period last year.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (function(f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function() { ...
Occidental Petroleum in Talks to Buy Permian Producer CrownRock
Money

Occidental Petroleum in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch.A deal for the closely held company, which could be valued well above $10 billion including debt, could come together soon assuming the talks don’t fall apart or another suitor doesn’t prevail, according to people familiar with the matter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Occidental Petroleum in Talks to Buy Permian Producer CrownRock
World

Occidental Petroleum in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch.A deal for the closely held company, which could be valued well above $10 billion including debt, could come together soon assuming the talks don’t fall apart or another suitor doesn’t prevail, according to people familiar with the matter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners
World

Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners

Updated Nov. 27, 2023 3:43 pm ETFormer NBCUniversal Chief Executive Jeff Shell is in advanced talks to join private-equity firm RedBird Capital Partners, leading its sports and entertainment investment business.Shell is likely to begin work at the company in January, a spokesperson for RedBird said. RedBird has expanded its media holdings in recent years and owns stakes in the production companies Skydance Media and Artists Equity, the studio launched by Ben Affleck and Matt Damon.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Gene Editing Will Change Medicine—and Maybe Health Investing Too
Money

Gene Editing Will Change Medicine—and Maybe Health Investing Too

It usually takes time for scientific discoveries in the lab to make their way to the market.The groundbreaking gene-editing technology known as Crispr, which acts like a molecular pair of scissors that can be used to cut and modify a DNA sequence, has moved rather quickly from the pages of scientific journals to the medical setting. Earlier this month, about three years after Jennifer Doudna and Emmanuelle Charpentier won the Nobel Prize in Chemistry for describing how bacteria’s immune system could be used as a tool to edit genes, regulators in the U.K. approved the first Crispr-based treatment for sickle cell disease and beta-thalassemia patients. The treatment, from Vertex Pharmaceuticals and Crispr Therapeutics, could be approved by the U.S. Food and Drug Administration early next mo...
The Trade That Backfired for America’s Biggest Wood-Pellet Exporter
Money

The Trade That Backfired for America’s Biggest Wood-Pellet Exporter

A wrong-way bet on the price of wood pellets has jeopardized America’s biggest exporter of the fuel, even though demand has never been higher among the European and Asia power plants burning wood instead of coal.Enviva said its gambit to buy pellets from a customer, and resell them for more, backfired when prices fell, and that nine-figure losses could trigger a default with its lenders by year-end.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Pritzker Family Launches $190 Million Venture Fund to Back Startups
World

Pritzker Family Launches $190 Million Venture Fund to Back Startups

Nov. 22, 2023 6:00 am ET|WSJ ProThe Pritzker Organization, the family office for Thomas Pritzker who is the executive chairman of Hyatt Hotels, has started a venture division to invest in early-stage companies with a $190 million fund.The venture arm, called 53 Stations, will target startups that could have strategic significance to more mature companies that TPO has majority control of, said Kevin King, a founder and managing partner of the new venture wing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Exclusive venture capital news and commentary.Stay on top of deals, funds, people and the broader influences on the market.