Silver Lake has invested $600 million in AMC Entertainment Holdings, a US cinema chain owned by Dalian Wanda Group, a once acquisitive Chinese conglomerate now said to be retreating from overseas markets.
The investment takes the form of convertible notes issued by AMC. Due in 2024 and bearing interest at 2.95%, they convert into class A common shares at a price of $20.50 apiece. About $421 million of the...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.