Tech firm once sold by Peter Jones valued at £3.5bn in PE deal. US private equity firm General Atlantic has taken a minority stake in IoT communications giant Wireless Logic, which Dragons’ Den star sold in 2011.
Staff at former unicorn Builder.ai ‘truly sorry’ as firm goes bankrupt. Firm received £450m investment and claimed to build software and apps up to 6x faster and 70 per cent cheaper than traditional human teams.
US conglomerate makes £1.8bn Johnson Matthey tech swoop. Honeywell agree all-cash deal to buy Catalyst Technologies, representing approximately 11x of its estimated 2025 EBITDA.
InPost’s £106m acquisition of Yodel shown the red light. Deal which would make firm major player in UK market put on hold after Shift & Corja Holdings submit High Court injunction.
Tennis icon Andy Murray joins Redrice Ventures. Former world number one joins London-based firm as associate partner and will draw on experience as a pro and serial investor.
THG cuts headcount by 40% in three years. CEO Matt Moulding said the restructuring had resulted in annual savings of £200m+.
Steven Bartlett takes on ASA following Zoe ad ruling. Dragons’ Den star says advertising standards watchdog has “lost its way” and “is more focused on publicity than protection”
Deloitte to launch regional technology centres next month. Professional services giant says new centres in North of England, Wales and Northern Ireland will see hundreds of jobs created.