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Grab acquires Singapore’s third-largest taxi operator Trans-cab 

TechCrunch: M&A

The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and fuel pump operations.” ” Founded in 2003, Trans-cab started with a fleet of 50 taxis and tried to go public twice.

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Our List of 10 Private Equity Firms Investing in Software to Watch

Software Equity Group

And it typically boils down to a few common elements that successful SaaS companies do particularly well: High-quality SaaS companies feature predictable, recurring revenues, solid unit economics , and high gross margin and gross profit rates. The firm currently employs 31 professionals. The firm employs 93 professionals.

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The Moneyball Strategy: Making Big Moves With Little Leverage

Street of Walls

For those with an aversion to America’s favorite pastime, Moneyball is a 2003 book by Michael Lewis (adapted into a 2011 movie), which tells the story of the Oakland Athletics’ 2002 season. Financial HR groups might want to take note. The message? Gamble big, have patience with your hand, and come out a winner.

Finance 40
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Keeping an aircraft carrier nimble in times of turbulence

The TRADE

Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. In his first role at LGIM, Raymond was responsible for overseeing its credit trading business out of the US.