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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

Uplift had raised nearly $700 million in equity and debt, securing $123 million at a reported $195 million valuation in its Series C round alone. ” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate.

Finance 243
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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

In recent years, private credit has emerged as an important financing source for corporations of all kinds, especially for private equity-owned businesses with high financial leverage. Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing.

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Fifteen ways to raise £1 million in business finance

Growth Business

A management team will need to show they are ambitious, switched on and ready to push the boundaries in marketing, sales and finance. It works well with other forms of financing. It will look for high growth prospects from a company operating in a unique space. 5) AIM AIM was set up by the London Stock Exchange in 1995.

Finance 75
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Medical Debt

Wall Street Mojo

What Is Medical Debt ? Medical Debt refers to a financial obligation incurred by an individual due to unpaid bills for medical services obtained from a healthcare provider. The debt may be owed directly to a healthcare provider or a third-party agent, such as a collection agency, that bought the debt.

Debt 52
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Delaware Chancery Court Requires Buyers To Close On Pre-Coronavirus Deal Notwithstanding Impact Of Pandemic On Cake-Decorating Business

Shearman & Sterling

On April 30, 2021, then-Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery granted sellers specific performance in a breach of contract action against buyers KCAKE and Kohlberg Funds, arising out of the sale of DecoPac Holdings Inc. ("DecoPac"). Snow Phipps Group, LLC., KCake Acquisition, Inc.,

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Deal Diary: Wachtell, Kirkland Work Nasdaq, Adenza Tie-Up

The Deal

Goldman Sachs Bank USA and JPMorgan Chase Bank NA are providing Nasdaq with bridge financing for the deal. Nasdaq has fully committed bridge financing for the deal and plans to replace the bridge with $5.9 billion of debt issued before the deal’s closing, which the parties hope will occur in six to nine months. billion in 2016.

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Delaware Chancery Court Requires Buyers To Close On Pre-Coronavirus Deal Notwithstanding Impact Of Pandemic On Cake-Decorating Business

Shearman & Sterling

On April 30, 2021, then-Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery granted sellers specific performance in a breach of contract action against buyers KCAKE and Kohlberg Funds, arising out of the sale of DecoPac Holdings Inc. ("DecoPac"). Snow Phipps Group, LLC., KCake Acquisition, Inc.,