Story of the Week Estée Lauder arranging financing for potential €5 billion Puig takeover Estée Lauder is reportedly arranging financing for a potential takeover bid of Spanish beauty group Puig. The US cosmetics company has engaged JP Morgan to structure a financing package of around €5 billion to support the deal, according to reports. Estée […]
Story of the Week Tiger Global Backs PopUp Bagels at $300M Valuation Investment firm Tiger Global has reportedly invested in PopUp Bagels at a $300 million valuation, according to Bloomberg. The publication said the valuation is about five times what the QSR chain was quoted at in October, when Stripe became majority owner. The exact […]
Story of the Week American Exchange to buy Allbirds for $39M American Exchange Group has agreed to buy direct-to-consumer footwear brand Allbirds for about $39 million, the companies said on March 30th. Allbirds warned of “substantial doubt about our ability to continue as a going concern” in its financial filings on March 31st. The company […]
Story of the Week Olaplex (partially backed by Advent since 2019) to be acquired by Henkel in $1.4 billion deal German consumer brand Henkel announced it has agreed to acquire all of the shares of the prestige haircare brand Olaplex for $1.4 billion. The company said the deal, at an offer price of $2.06 per […]
Story of the Week Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war On March 18th, the Federal Reserve voted to hold its key interest rate steady as policymakers navigate higher-than-expected inflation readings, mixed signals on the labor market, and a war. In a widely expected decision, the Federal Open Market Committee […]