Private equity giant Thoma Bravo buys cloud computing software company Anaplan for $10.7 billion
Private equity firm Thoma Bravo agreed to buy cloud computing software company Anaplan for $10.7 billion, people familiar with the matter said. Under the deal, Thoma Bravo will pay $66 in cash for each Anaplan share, a 30% premium to the stock’s closing price of $50.59 on Friday. Following the acquisition, current Anaplan CEO Frank Calderoni will continue to lead the company.
GM plans to buy SoftBank’s Cruise stake for $2.1 billion and invest an additional $1.35 billion
General Motors announced that it will buy SoftBank’s stake in Cruise, GM’s self-driving subsidiary, for $2.1 billion and invest an additional $1.35 billion. After the deal closes, GM will own about 80 percent of Cruise.
LG Electronics to sell in-vehicle smartphone wireless charging business for $115 million
LG Electronics will sell its in-vehicle smartphone wireless charging business for 140 billion won ($115.2 million) to South Korean circuit board maker BH, the sources said. After deciding last year to exit the smartphone business, the sale is likely to allow the company to focus more on new businesses after it completes its restructuring.
Fiber Optic Technology Company Luna Acquires LIOS Sensing Business
Fiber optic sensing company Luna Innovations has strengthened its capabilities in fiber optic sensing technology with the acquisition of the LIOS sensing business of NKT Photonics in Denmark. The acquisition, implemented for €20 million in cash, gives Luna access to leading technology in distributed temperature and strain fiber optic sensors for civil engineering and other infrastructure applications. The LIOS sensing business transferred to Luna includes sales, development and production – involving the main site in Cologne, Germany and a sales office in Portland, Oregon, USA.
Global technology footwear brand Miracle Miles received US$100 million in Series A financing, co-led by Sequoia China and IDG Capital
Miracle Miles, a global top technology footwear brand group, announced the completion of a US$100 million Series A financing, jointly led by Sequoia China and IDG Capital, with Skysaga Capital serving as the long-term exclusive financial advisor. After the completion of this round of financing, Miracle Miles plans to complete the strategic layout of the global footwear market in the next 2-3 years, covering more categories, entering more countries and regions, and becoming a world-renowned technology footwear group.