The company closed a $100 million equity round led by Blackbird, valuing it at $900 million, and secured a nondilutive $240 million growth investment facility led by General Catalyst to support sales and marketing.
Advent International is looking for further healthcare opportunities in Australia and New Zealand following its acquisition of a clinical-research network, the head of the U.S. private-equity firm’s Australia office said.
Apate.AI has created hundreds of thousands of bots to intercept calls and other communications, holding conversations so realistic that those on the other end think they are speaking with a human.
Treasury Wine Estates could consider quitting the U.S. after the Australian producer announced almost $395 million in fresh impairments in response to global consumers’ reduced appetite.
Australia’s unemployment rate fell and the economy added more jobs than expected in May, keeping the door open for the central bank to raise interest rates further in its bid to tame inflation.
Treasury Wine Estates will sell some California wineries and consolidate its U.S. production as it grapples with a global consumer shift toward drinking less wine of higher quality.
Australian economic growth slowed in the first quarter of the year, when the central bank started raising interest rates and the Middle East conflict sent fuel prices surging.
