💰 Equitix Acquired Electricity North West For $5.3B. Anduril Raises $1.5B Series F.
Daily Impact Deals #154 looks at major deals and M&A in impact industries, and upcoming economic releases.
Hej 🌲
📈 Today's Global Economic Update: The Bank of England lowered its Bank Rate by 25bps to 5% in August 2024, following a year at 16-year highs. This cautious rate cut suggests the Bank is balancing inflation control with the need to support economic growth.
🛡️ Deal of the Day: Anduril, a California-based defense start-up, raised a $1.5B Series F, the funds will be used to upstart a more serious US defence contractor.
What's New?
🌍 Climate. Energy
🛰️ Space & Defense. DefenseTech
💻 Technology. IoT services
🩺 Health. Therapeutics
📅 Economics. Balance of trade, employment data, inflation data + more
🌍 Climate
🔌 Equitix, CNIC, and a Japanese consortium acquired UK electricity distributor Electricity North West for $5.3B.
💻 Branch Energy, a tech company in the energy sector, raised a $10.8M Series A from Prelude Ventures and Zero Infinity Partners to expand its retail energy technology.
🛰️ Space & Defense
🛡️ Anduril, a California-based defense start-up, raised a $1.5B Series F, the funds will be used to upstart a more serious US defense contractor.
💻 Technology
👩💻 UnaBiz, a Singapore-based IoT service provider, raised a $25M Series C. The funds will be used for expansion.
🩺 Health
👨⚕️ Pharmacosmos, a Danish Therapeutics company, acquired G1 Therapeutics, a North Carolina-based clinical-stage biopharmaceutical company.
📅 Economic Calendar
Balance of Trade, Employment Data, Inflation Data + More
Thursday, August 8th 2024
🇨🇦 Canada Balance of Trade, June
🇨🇳 China Inflation Data, July
Friday, August 9th 2024
🇨🇦 Canada Employment Data, July
Monday, August 12th 2024
🇦🇺 Australia Westpac Consumer Confidence Data, August
Tuesday, August 13th 2024
🇬🇧 UK Unemployment Data, June
🇩🇪 Germany ZEW Economic Sentiment Index, August
🇺🇸 US PPI MoM, July
Wednesday, August 14th 2024
🇬🇧 UK Inflation Data, July
🇺🇸 US Inflation Data, July
🇯🇵 Japan GDP Data (Preliminary), Q2
🇨🇳 China Industrial Production Data, July
🇨🇳 China Retail Sales Data, July
Thursday, August 15th 2024
🇬🇧 UK GDP Data, June
🇺🇸 US Retail Sales Data, July
Friday, August 16th 2024
🇬🇧 UK Retail Sales Data, July
🇺🇸 US Building Permits Prel, July
🇺🇸 US Michigan Consumer Sentiment Prel, August
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