๐ ๏ธ 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 ๐ฅ
๐ 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.
๐ 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?
๐ Climate. Acquisitions
๐ป Technology. Gaming platform
๐ฉบ Health. Drug discovery and biotech
๐
Economics. GDP data, employment data, inflation data + more
๐ Climate
๐ ๏ธ WSP Global, a Canadian engineering firm, acquired Power Engineers for $1.8B to strengthen its North American energy sector presence.
โก 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.
๐ป Technology
๐ฎ FRVR, a Lisbon-based game platform company, raised a $12.7M funding round, The company will use the new funding to enhance its platform.
๐ฉบ Health
๐ 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.
๐ฌ Halda Therapeutics, a Connecticut-based research-stage drug discovery company, raised a $126M Series B to advance their clinical trials.
๐ Economic Calendar
GDP Data, Employment Data, Inflation Data + More
Tuesday, August 13th 2024
๐ฌ๐ง UK Unemployment Data, June
๐ฉ๐ช Germany ZEW Economic Sentiment Index, August
๐บ๐ธ US PPI MoM, July
Wednesday, August 14th 2024
๐ฌ๐ง UK Inflation Data, July
๐บ๐ธ US Inflation Data, July
๐ฏ๐ต Japan GDP Data (Preliminary), Q2
๐จ๐ณ China Industrial Production Data, July
๐จ๐ณ China Retail Sales Data, July
Thursday, August 15th 2024
๐ฌ๐ง UK GDP Data, June
๐บ๐ธ US Retail Sales Data, July
Friday, August 16th 2024
๐ฌ๐ง UK Retail Sales Data, July
๐บ๐ธ US Building Permits Prel, July
๐บ๐ธ US Michigan Consumer Sentiment Prel, August
Monday, August 19th 2024
๐ฆ๐บ Australia RBA Meeting Minutes
Tuesday, August 20th 2024
๐จ๐ฆ Canada Inflation Data, July
๐ฏ๐ต Japan Balance of Trade, July
Wednesday, August 21st 2024
Thursday, August 22nd 2024
๐ฉ๐ช Germany HCOB Manufacturing PMI (Flash), August
๐ฏ๐ต Japan Inflation Data, July
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