Online sneaker seller Allbirds’ revenue grew 33% year-over-year to $63 million in the third quarter of the year, an improvement from the 18% growth rate the company reported in the first quarter. But the company said it expects sales growth to slow to between 13%-16% in the fourth quarter. The slower sales growth forecast sent Allbirds stock falling around 6% in after-hours trading. ...
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Private Equity Firms’ Secret Weapon for Big Software Buyouts
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
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