💊 Grünenthal Acquires Valinor For $250M. $490M+ VC Funding.
Impact Capital Markets #143 looks at major deals and M&A in impact industries, and upcoming economic releases.
Sawasdee 🎏
📈 Today's Global Economic Update: The HCOB Flash Germany Manufacturing PMI fell to 42.6 in July 2024, the lowest in three months, from 43.5 in June and below market expectations of 44, indicating a worsening manufacturing sector due to a sharper decline in production and new orders.
⛽ Deal of the Day: Archrock, a US-based natural gas infrastructure company, signed a definitive agreement to acquire TOPS for $983M.
What's New?
📚 Education. AI research
🌍 Climate. Natural gas infrastructure, Perovskite
💻 Technology. Legal tech
🩺 Health. Biotech, pharmaceuticals, heart pumps + more
📅 Economics. Euro Area GDP, US fed interest, inflation data + more
📚 Education
📒 Cypris, a New York-based AI research company, raised $5.3M to accelerate the scaling of their AI-powered platform.
🌍 Climate
⛽ Archrock, a US-based natural gas infrastructure company, signed a definitive agreement to acquire TOPS for $983M, an oilfield equipment rental company.
🌞 EneCoat Technologies, a Japanese solar perovskite developer, raised $35M from institutional and corporate VC funds to finance collaborations.
💻 Technology
⚖️ Harvey, a California-based legal tech startup, raised a $100M Series C from GV, to expand operations.
🩺 Health
💊 Grünenthal, a German-based pharmaceutical company is acquiring Valinor Pharma another pharmaceutical company for $250M.
💉 Third Arc Bio, a Massachusetts-based biotech company, raised a $165M Series A from Vida Ventures to develop novel therapies for solid tumors and inflammatory diseases.
🫀 Magenta Medical, an Israel-based medical device company developing miniaturized heart pumps raised $105M from Novo Holdings, to advance operations.
🧠 Brenig Therapeutics, a Delaware-based neurology drug development company utilizing AI/ML, raised a $65M Series A from NEA to advance product development.
📅 Economic Calendar
Euro Area GDP, US Fed Interest, Inflation Data + More
Wednesday, July 24th 2024
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
Tuesday, July 30th 2024
🇫🇷 France GDP Growth Data (Preliminary), Q2
🇩🇪 Germany GDP Growth Data Flash, Q2
🇮🇹 Italy GDP Growth Data, Q2
🇪🇦 Euro Area GDP Growth Data Flash, Q2
🇩🇪 Germany Inflation Data (Preliminary), July
🇺🇸 US JOLTs Job Openings, June
🇦🇺 Australia Monthly CPI Indicator, June
🇨🇳 China NBS Manufacturing PMI, July
Wednesday, July 31st 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇯🇵 Japan Consumer Confidence Index, July
🇫🇷 France Inflation Data (Preliminary), July
🇪🇦 Euro Area Inflation Data Flash, July
🇮🇹 Italy Inflation Data (Preliminary), July
🇺🇸 US Fed Interest Rate Decision
🇦🇺 Australia Balance of Trade Data, June
🇨🇳 China Caixin Manufacturing PMI, July
Thursday, August 1st 2024
🇬🇧 BoE Interest Rate Decision
🇺🇸 ISM Manufacturing PMI, July
Friday, August 2nd 2024
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