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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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The Shelby Group, Equiteq Team Up On Investment

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Mergers and acquisitions (M&A) advisory firm Equiteq announced that it advised The Shelby Group , an eProcurement transformation and optimization consulting firm, on a recent growth investment from Boston-based private equity firm WestView Capital Partners , according to a press release.

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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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Shared Kitchens Help Restaurants Capture Growth Of The Food Delivery Market

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Restaurants may want to reach more delivery customers by expanding into new markets, especially as the market for food delivery could grow to $17 billion by 2020. Introduced in 2014 alongside a handful of other experimental services, Uber Eats operates worldwide in 29 countries. Target Market.

Marketing 134
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Hilton Times Square Closure Bruises NYC Tourism Rebound

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Hilton’s Times Square loss is more a reflection of how COVID-19 has bruised the Big Apple’s remarkable tourism industry than it is a commentary on individual hospitality operators. And while properties in “certain urban markets” including Boston, Chicago and New Orleans saw upticks in July, a COVID resurgence cooled the trend.

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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. Founded in 2012, Cybereason boasts distribution in all major global markets. and its affiliates.

Boston 115
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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