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SoftBank preps filing of $500M to $600M SPAC
submitted a filing to through its first special purpose acquisition company, or SPAC.
The firm is also said to be preparing at least two additional SPACs, which it plans to use to acquire a company and take it public.
SoftBank Investment Advisers, which manages the firm’s and Vision Fund 2, will reportedly be the SPAC sponsor, with and managing the process.
M&A
- RealPage to be acquired for $10.2B: , a provider of cloud-based software for managing multifamily real estate, by private equity firm in an all-cash deal that values the publicly traded company at around $10.2 billion.
- Lockheed to buy Aerojet Rocketdyne for $4.4B: Defense contractor will acquire , a rocket engine and missile manufacturer, in a deal valued at $4.4 billion including debt and net cash.
- buys : Virtual events platform Hopin Monday that it is acquiring Topi, a mobile event app. Topi co-founder and CEO will join Hopin as its VP of product and co-founder will be Hopin’s principal engineer for mobile solution development. The acquisition price was not disclosed.
Funding rounds
- Trigo secures $60M for checkout technology: Israel-based , which is developing a frictionless checkout technology, raised a $60 million Series B funding round led by .
- Peptilogics raises $35.4M for drug development: , a Pittsburgh-based clinical-stage biotechnology company that designs and develops novel peptide therapeutics, closed a $35.4 million Series B financing led by , along with participation from a new investor syndicate including and existing investor .
- Credit-building fintech Perch banks $2.5M: , a Los Angeles-based no-cost platform that helps people build credit through nontraditional payments, announced a seed investment round of $2.5 million by a group of investors including .
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