Latest news with #FarallonCapitalManagement
Yahoo
13-05-2025
- Business
- Yahoo
Astellas CEO on Outlook Ahead of Trump's Pharma Tariffs
The global pharmaceutical industry is grappling with an uncertain outlook, amid President Donald Trump's plans to cut US prescription drug prices and impose tariffs on pharma imports. Astellas Pharma is among the Japanese drug makers that depends on the US for a large chunk of sales. CEO Naoki Okamura spoke to Bloomberg TV in Tokyo on May 7th about the impact of Trump's tariffs, and the firm's engagement with activist investor Farallon Capital Management.
Reuters
21-03-2025
- Business
- Reuters
India's Shapoorji Pallonji draws strong interest for debt sale, sources say
MUMBAI, March 21 (Reuters) - India's Shapoorji Pallonji Group has secured investor commitments of more than $4 billion for its debt sale in April, surpassing its funding target, two sources familiar with the matter said on Friday. The group, which caters to sectors including construction and real estate, plans to raise $3.2 billion to $3.3 billion through the bond issue, with private credit funds expected to account for a bulk of the subscriptions, the sources said. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Foreign private credit funds Ares Management and Farallon Capital Management are likely to be the largest investors for the issue, while Cerberus Capital Management, Davidson Kempner Capital Management, One Investment Management and Varde Partners are among other big investors, they said. Altogether, the investors may bid for 50%-75% of the issue, the sources added, requesting anonymity as they are not authorised to speak to the media. The bond will likely have a maturity of about four years, with a pre-payment clause of redemption within three years, effectively reducing the maturity. "The coupon on the bond issue is close to being finalised between 18% and 20%," one of the sources said. "This yield is very lucrative and is drawing heavy interest from private credit funds." The bond is expected to be secured by shares of Tata Sons that are held by the group through Sterling Investment Corp, they added. Deutsche Bank is the sole arranger for the deal. The proceeds will primarily be used to refinance existing debt, the sources said. Shapoorji Pallonji Group, Cerberus Capital Management, One Investment Management, Varde Partners and Farallon Capital Management did not respond to an email seeking comment.
Yahoo
13-03-2025
- Business
- Yahoo
Pentera raises $60m in Series D funding
Pentera, a US-based cybersecurity software company focused on automated security validation solutions, has secured $60m in its Series D funding round. This funding round was led by Evolution Equity Partners, with participation from Farallon Capital Management. The latest funding round brings Pentera's total funding to $250m. With the new funding, Pentera aims to accelerate innovation through research and development, AI integration, and expansion in the US market. Pentera said that since its previous funding round in December 2021, it has increased its annual recurring revenue (ARR) by more than 300% and expanded its customer base by 200%. The company's platform aims to address the evolving cyber threat landscape, enabling organisations to adopt continuous threat exposure management frameworks to ensure defences are validated against AI-driven threats. Pentera's platform emulates real-world adversarial techniques to identify security gaps across on-prem networks, web assets, and multi-cloud environments. It allows security teams to analyse attack paths, identify root causes, and prioritise remediation for effective risk reduction. Pentera CEO Amitai Ratzon said: 'Security teams face relentless, automated threats that traditional testing methods can't match. This investment allows us to accelerate innovation and expand our platform to help enterprises continuously validate their security against real-world attacks. 'As we execute our strategy to exceed $200m in ARR, we are actively exploring strategic M&A opportunities to drive market consolidation and deliver even greater value to our customers.' Evolution Equity Partners managing partner Richard Seewald said: 'Pentera has redefined enterprise security testing and validation practices. Pentera's exceptional growth, strong enterprise adoption, and category-defining innovation make it the clear leader in Automated Security Validation. 'We are proud to lead this investment and continue our relationship with Pentera as it scales globally, expands its technology, and continues to set the industry standard for security validation.' More than 1,100 enterprises, including Casey's, Wyndham Hotels & Resorts, and Virgin Atlantic, are said to use Pentera to validate their security defences. In January 2022, Pentera raised $150m in Series C funding, which brought its valuation to $1bn. "Pentera raises $60m in Series D funding " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
