The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event assembled 48 private companies from the EMEA region, including unicorns like BlaBlaCar, EcoVadis and Zilch, to discuss the increasing interest in dealmaking...
All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key demographic of these firms are growth corporates, the mid-market firms generating between $50 million and $1 billion annually that are...
Payment processor Stripe’s value has reached $65 billion following a share sale deal with employees. The deal will see Stripe and some of its investors purchase more than $1 billion in stock from current and former employees, Bloomberg News reported Wednesday (Feb. 27), citing sources familiar with the matter....
Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to $55. Company CEO and Chairman Ernie Garcia, III is optimistic about the future, believing that much of the cost-cutting is...
Latin America and Caribbean (LAC) growth corporates, commonly referred to as middle market firms, are setting the pace when it comes to the strategic use of external working capital solutions such as loans, overdrafts and virtual cards. According to the 2023-2024 Growth Corporates Working Capital...
Bain Capital is reportedly weighing a sale of British payroll software company Zellis. A sale could value Zellis at around $2.5 billion, Bloomberg News reported Thursday (Jan. 18), citing sources with knowledge of the matter. Those sources said Bain has been talking about exit options with potential...
Verizon marked down the value of its business services unit by $5.8 billion as clients shun wired communications. The wireless carrier said in a regulatory filing with the Securities and Exchange Commission Wednesday (Jan. 17) that it reduced the value of that side of its...
FinTech firm Paytm has reportedly confirmed a “slight reduction” in its workforce while denying media reports that it could cut more than 1,000 roles. The FinTech’s parent company, One 97 Communications, did not specify the number of jobs that will be cut, Reuters reported Monday...
For Growth Corporates, commonly referred to as middle-market firms, in the North American region, accessing external working capital solutions has been critical to improving their operational efficiency and sustaining growth in a challenging macroeconomic landscape. According to the recently released “2023-2024 Growth Corporates Working Capital...