Welcome to the July 2020 issue of The Dealmaker.
Q2 2020 was truly unprecedented for the venture capital (VC) industry as the COVID-19 pandemic shook the entire country; however, the venture industry largely proved resilient. Fundraising remained strong as VC mega-funds ($500 million+) have been especially prolific in 2020 with 24 closed so far, which nearly equals the full-year number for 2019. Deal activity has been mixed with the overall deal count dipping while strength in late-stage financings sustains aggregate capital investment.
Here are some of the most important M&A news we have read this month:
- Chevron Nears $5 Billion Takeover of Noble Energy – The Wall Street Journal
- Google backs Reliance’s Jio Platforms with $4.5 billion India investment – Reuters
- Ant Financial poised for one of 2020’s biggest IPOs – Financial Times
- Amazon joins ranks of Ford, Uber and GM with Zoox purchase – Pitchbook
- 10 big things: TikTok, on the clock – Pitchbook
- BP sells petrochemical business to Ineos for $5bn – The Guardian
- Spanish pharma Grifols buys plasma assets from Green Cross for $460 million – Reuters
- Palantir is seeking nearly $1B ahead of IPO – Pitchbook