🍬 CP Kelco Acquired For 1.8B. 310M+ VC Funding.
Impact Capital Markets #140 looks at major deals and M&A in impact industries, and upcoming economic releases.
Ayubowan 🌴
📈 Today's Global Economic Update: US building permits increased by 3.4% in June, the highest in three months. Single-family permits fell by 2.3% to 934,000, while larger building permits increased 19.2% to 460,000.
🛡️ Deal of the Day: Saronic, a Texas-based maritime defense company, raised a $175M Series B, to accelerate growth.
What's New?
📚 Education. Education support
🌍 Climate. Refinery, drones, EV
🛰️ Space & Defense. Maritime defense
🩺 Health. MedTech, clinical tech + more
📅 Economics. BoC interest rate, US GDP, balance of trade + more
📚 Education
💼 Quad Partners, a New York-based private equity firm, acquired The Edwin Group, a UK-based education support services company.
🌍 Climate
🍬 Tate & Lyle, a British company founded as a sugar refinery in 1859, acquired CP Kelco for $1.8B to expand into sugar reduction ingredients and stabilizers.
🚁Aereo, an Indian startup providing commercial drone solutions, raised a $15M Series B from 360 ONE Asset to expand operations.
🚌 FreshBus, an Ixigo-backed electric vehicle bus startup, raised a $5.3M Series A from Maniv Mobility.
🛰️ Space & Defense
🛡️ Saronic, a Texas-based maritime defense company, raised a $175M Series B, to accelerate its growth domestically and internationally.
🩺 Health
🧑⚕️ GE Healthcare, an Illinois-based medical technology and digital solutions innovator, acquired Intelligent Ultrasound Group, a UK-based provider of software for ultrasound.
🔬 Q Bio, a California-based clinical technology company, raised a $27M Series A to manufacture their full-body scanners (Mark I) and expand growth.
💊 Rona Therapeutics, a Chinese therapeutics platform, raised a $35M Series A from LongRiver Investments to advance their clinical pipeline.
📅 Economic Calendar
BoC Interest Rate, US GDP, Balance of Trade + More
Wednesday, July 24th 2024
🇩🇪 Germany GfK Consumer Confidence
🇩🇪 Germany HCOB Manufacturing PMI (Flash)
🇨🇦 BoC Interest Rate Decision
Thursday, July 25th 2024
🇩🇪 Germany Ifo Business Climate
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data
Friday, July 26th 2024
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
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