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Simon Property Group Looks To Raise $300 Million For Shell Company

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Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” Simon owns such properties as the upscale Copley Place in Boston. The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

Groups 139
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How Spend Tools Feed Food Banks’ Need For Accountability

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Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141
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CEO Atul Gawande Takes New Role At Haven Heathcare Joint Venture

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Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). This will elevate my focus from daily management to supporting Haven’s strategy, board, and leadership. Another executive hire was involved with litigation with UnitedHealth Group Inc.’s

Boston 130
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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 But the firm said it cannot predict how a global economic downturn would impact consumer spending or how badly it could hurt its operations.

Boston 141
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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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Cybereason has announced it has received a series of investments and commitments totaling $200 million by SoftBank Group Corp. The new funding will be used to boost the company’s operations, with a focus on global growth. and its affiliates. Founded in 2012, Cybereason boasts distribution in all major global markets.

Boston 115
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Funding Round Could Give AvidXchange $2B Valuation

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percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses. Revenue growth in the business payments sector is expected to grow by around 5.6

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Metro Joins Bacs For SMB Direct Debits

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operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. Metro Bank partnered last year with Personetics, RMS Group Services, Funding Options, Conance and DueDil as part of its pledge to work with U.K.

Metro 130