Concerns about inflation and the potential for another interest rate hike are only increasing the fierce levels of uncertainty corporate CFOs must now navigate — and that uncertainty comes at a high cost. And, as PYMNTS Intelligence found in completing its “2024 Certainty Project Report,”...
CURO Group Holdings has filed for bankruptcy protection to implement the terms of a Restructuring Support Agreement (RSA) supported by about 74% of its lenders. The restructuring plan is expected to reduce the company’s debt by about $1 billion, save it about $75 million in cash...
Lightspeed, which provides point-of-sale (POS) systems to restaurants, is reportedly considering going private. The firm went public five years ago but Dax Dasilva, interim CEO and founder of Lightspeed, wonders if going private would be a better option, Bloomberg reported Monday (March 25), citing an...
The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event assembled 48 private companies from the EMEA region, including unicorns like BlaBlaCar, EcoVadis and Zilch, to discuss the increasing interest in dealmaking...
All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key demographic of these firms are growth corporates, the mid-market firms generating between $50 million and $1 billion annually that are...
Payment processor Stripe’s value has reached $65 billion following a share sale deal with employees. The deal will see Stripe and some of its investors purchase more than $1 billion in stock from current and former employees, Bloomberg News reported Wednesday (Feb. 27), citing sources familiar with the matter....
Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to $55. Company CEO and Chairman Ernie Garcia, III is optimistic about the future, believing that much of the cost-cutting is...
Latin America and Caribbean (LAC) growth corporates, commonly referred to as middle market firms, are setting the pace when it comes to the strategic use of external working capital solutions such as loans, overdrafts and virtual cards. According to the 2023-2024 Growth Corporates Working Capital...
Bain Capital is reportedly weighing a sale of British payroll software company Zellis. A sale could value Zellis at around $2.5 billion, Bloomberg News reported Thursday (Jan. 18), citing sources with knowledge of the matter. Those sources said Bain has been talking about exit options with potential...
