The Quadrant View

Cloud-centric venue management platform iVvy, has reportedly managed to come up with a whopping AUD 7 million (USD 5.4 million) in a pre-IPO investment round. The firm seems to have targeted this amount in a bid to accelerate its growth across Europe and the U.S., in terms of sales and catering software production. iVvy's step for accelerating its growth conveniently comes at a time characteristic of massive change in the hospitality and event management sectors that are focused on finding intuitive ways of progressing in a post-pandemic world. For the unversed, prior to the second quarter of 2022, iVvy also plans to be listed on the Australian Securities Exchange. As per sources familiar with the matter, Tony Gandel led Gandel Invest, and Thorney Investment Group, one of the most prestigious private investment groups in Australia, led the pre-IPO round. Both the companies are seemingly rather experienced in lending support to visionary SaaS entrepreneurs and helping them build...

Popular Swiss business unit Syngenta Crop Protection AG has made it to the headlines for confirming its interest in carrying out a proposed transaction with SICIT Group S.p.A., together with Valagro S.p.A.  In accordance, and in consistency with the Letter of Interest that was delivered to the SICIT Group, Valagro and Syngenta have now reportedly obtained access to limited confirmatory due diligence information. If sources are to be believed, both companies are in the process of expediting the review of this information so as to decide whether they plan to go ahead with the proposed tender offer. For the record, the said voluntary tender offer on the SICIT Group is pursuant to Article 102 and 106, fourth paragraph, of the Italian Financial Act. Official reports from the Syngenta Group claim that the firm remains convinced of a potential transaction between Valagro and Syngenta and the SICIT Group. The official press release by the company also claims that the firm will be retain...