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Bain Capital triumphs over PE competitors in bid to buy coronavirus-stricken Virgin Australia

The battle to buy coroanvirus-stricken airline Virgin Australia is over after Bain Capital won the bidding war to buy the business.

Financial risk management business CubeLogic gets Growth Capital Partners backing

Financial market, energy and commodities enterprise risk management business CubeLogic has picked up a minority investment from Growth Capital Partners.

Storyblocks gets Great Hill backing amid coronavirus-based demand surge

Private equity house Great Hill Partners has agreed to buy subscription-based stock media company Storyblocks.

Swathe of big-name finance firms pour capital into fintech platform Capital Markets Gateway

Capital Markets Gateway, a FinTech business specialising in equity capital markets, has secured a strategic investment of $25m from a string of big-name financial firms.

Big data analytics specialist SQream closes $39.4m Series B+ round

Data analytics platform SQream has closed its Series B+ round on $39.4m, with Mangrove Capital Partners and Schusterman Family Investments leading the round.

French digital startup Memo Bank raises €20m in BlackFin Capital-led Series A

FinTech startup Memo Bank has raised €20m in a Series A round led by BlackFin Capital.

Apollo-backed Chuck E Cheese parent company files for bankruptcy due to coronavirus shutdown

Apollo Global-backed CEC Entertainment, the parent company of novelty restaurant chain Chuck E Cheese, has filed for bankruptcy protection in the wake of the coronavirus crippling its operations.

FTV Capital follows $1.2bn fundraise by backing capital markets fintech platform Derivative Path

Hot on the heels of raising $1.2bn for its biggest ever fundraise, FTV Capital has bought into capital markets financial technology and services company Derivative Path through a $35m growth equity funding.

AI logistics, supply chain management startup 7bridges gets Crane Venture Partners backing

7bridges, an AI-powered automation engine for businesses logistics and supply chains, has launched with a $3.4m seed round led by Crane Venture Partners and LocalGlobe.

Healthcare payments app Cedar nets $102m Series C led by Andreessen Horowitz

Cedar, a FinTech company hoping to simplify the financial experience for patients, has netted $102m in a Series C round led by Andreessen Horowitz.

Shamrock reinvests in AI sports production business Pixellot as leagues begin to return from Covid-19 suspension

AI-automated sports production business Pixellot has picked up a $16m investment round led by current backed Shamrock Capital Advisors.

Warburg-backed data privacy company Privatar expands $80m Series C round with new capital

Warburg Pincus-backed data privacy platform Privitar has raised an additional $7m for its Series C round, having initially closed the round on $80m in April.

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