🛠️ WSP Acquires Power Engineers for $1.8B. $360M+ VC Funding.
Daily Impact Deals #157 looks at major deals and M&A in impact industries, and upcoming economic releases.
Kia ora 🥝
📈 Today's Global Economic Update: Germany's ZEW Economic Sentiment dropped to 19.2 points in August 2024 from 41.8 points in July, the lowest in seven months, amid rising uncertainty amidst weak economic conditions.
💊 Deal of the Day: Third Arc Bio, a Massachusetts-based biotechnology company, raised a $165M Series A to advance the company through clinical studies.
What's New?
🌍 Climate. Acquisitions
💻 Technology. Gaming platform
🩺 Health. Drug discovery and biotech
📅 Economics. GDP data, employment data, inflation data + more
🌍 Climate
🛠️ WSP Global, a Canadian engineering firm, acquired Power Engineers for $1.8B to strengthen its North American energy sector presence.
⚡ Tourmaline Oil, agreed to acquire Crew Energy Inc. for $947M as Canada's largest gas driller aims to boost production ahead of increased demand for power and exports.
💻 Technology
🎮 FRVR, a Lisbon-based game platform company, raised a $12.7M funding round, The company will use the new funding to enhance its platform.
🩺 Health
💊 Third Arc Bio, a Massachusetts-based biotechnology company, raised a $165M Series A from Vida Ventures to advance the company through clinical studies to address significant unmet needs in oncology and autoimmunity.
🔬 Halda Therapeutics, a Connecticut-based research-stage drug discovery company, raised a $126M Series B to advance their clinical trials.
📅 Economic Calendar
GDP Data, Employment Data, Inflation Data + More
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
Monday, August 19th 2024
🇦🇺 Australia RBA Meeting Minutes
Tuesday, August 20th 2024
🇨🇦 Canada Inflation Data, July
🇯🇵 Japan Balance of Trade, July
Wednesday, August 21st 2024
Thursday, August 22nd 2024
🇩🇪 Germany HCOB Manufacturing PMI (Flash), August
🇯🇵 Japan Inflation Data, July
Like getting this newsletter? For unlimited access to more deals and economic updates, request a demo.
Thank you for reading. Have a great week ahead!
Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com