MariaDB, an eight-year-old Finland-based company that is building a business around the eponymous open-source database software, announced it is going public through a merger with Angel Pond Holdings Corporation, a special purpose acquisition company (SPAC). The deal—which gives MariaDB an implied enterprise value of $672 million, or around 14 times its expected revenue of $47.4 million for...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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