⚙️ Stelco Holdings Acquired For $2.5B. $450M+ VC Funding.
Impact Capital Markets #137 looks at major deals and M&A in impact industries and upcoming economic releases.
Talofa 🌴
📈 Today's Global Economic Update: The ZEW Economic Sentiment Index for Germany fell to 41.8 in July, below market expectations. Uncertainty in the future direction of monetary policy and declining exports are likely contributing to the worsening sentiment.
🏭 Deal of the Day: Halo Industries, a Santa Clara-based company creating laser manufacturing technology, raised a $80M Series B to expand its commercial reach.
What's New?
📚 Education. Workforce training & higher education
🌍 Climate. Infrastructure, laser manufacturing
💻 Technology. Biometrics
🩺 Health. Biotech, oncology & revenue management
📅 Economics. ECB interest rate, UK inflation, balance of trade + more
📚 Education
👔 doinstruct, a German startup provider of a video-based digital platform for employee onboarding and training, has raised $7.6M in funding.
🎓 The British Education Group, which owns several educational institutions in Nepal, Dubai, and London, acquired the Maritime Business College in Canada.
🌍 Climate
🏭 Halo Industries, a Santa Clara-based company creating laser manufacturing technology, raised a $80M Series B.
⚙️ Cleveland-Cliffs Inc., a major American steel producer, is set to acquire Stelco Holdings Inc., a Canadian steel company for $2.5B (CAD 3.4b).
💻 Technology
🔐 Aisles, a retail AI and biometrics company, raised $100M in funding from the same investors as its Series A round to launch a new investment arm.
🩺 Health
🧠 Asceneuron, a Swiss biotech company, raised a $100M Series C from controlling shareholder of Novo Nordisk to fund clinical trials for its Alzheimer's disease treatments.
🎗️ Thyme Care, a startup focused on cancer care, has raised a $95M Series C aiming to reduce costs and improve patient outcomes.
📊 Med-Metrix, a Revenue Cycle Management solutions provider backed by A&M Capital Partners, has acquired Healthcare Receivable Specialists.
📅 Economic Calendar
ECB Interest Rate, UK Inflation, Balance of Trade + More
Tuesday, July 16th 2024
🇩🇪 Germany ZEW Economic Sentiment Index, July
🇨🇦 Canada Inflation Data, June
🇺🇸 US Retail Sales, June
Wednesday, July 17th 2024
🇬🇧 UK Inflation Data, June
🇺🇸 US Building Permits (Preliminary), June
🇯🇵 Japan Balance of Trade, June
Thursday, July 18th 2024
🇬🇧 UK Employment Data, May
🇪🇦 Euro Area Deposit Facility Data
🇪🇦 Euro Area ECB Interest Rate Decision
🇯🇵 Japan Inflation Data, June
Friday, July 19th 2024
Wednesday, July 24th 2024
🇩🇪 Germany GfK Consumer Confidence
🇩🇪 Germany HCOB Manufacturing PMI (Flash)
🇨🇦 Canada BoC Interest Rate Decision
🇨🇦 Canada BoC Monetary Policy Report
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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