|Bid||16.00 x 1000|
|Ask||17.03 x 800|
|Day's Range||16.64 - 17.02|
|52 Week Range||10.00 - 37.36|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Patrick Dehaan of Gasbuddy joins us to discuss what the future holds for gas stations as the country, and the globe, push forward towards with EVs.
(Bloomberg) -- Koch Strategic Platforms has agreed to acquire a minority stake in Mavenir Systems Inc., a software maker used by communication service providers.Affiliates of private equity firm Siris Capital Group will remain majority shareholders after Koch’s investment, according to an announcement Wednesday, that confirmed an earlier Bloomberg News report. Koch’s investment is worth $500 million, according to people with knowledge of the matter, who asked to not be identified because the terms of the investment aren’t public.Koch’s investment comes months after Mavenir delayed its U.S. initial public offering last October, citing market volatility. The software maker had targeted raising as much as $300 million through the offering. It planned to reassess market conditions in the coming months, the company said at the time.Mavenir’s customers include over 250 wireless service providers in more than 120 countries, serving more than half of the world’s subscribers, according to its website. It has 4,200 employees globally.KSP is an arm of Koch Investments Group that focuses on new growth equity investments across four thematic sectors: computing and connectivity; energy transformation; industrial automation; and health care. KSP in February made an investment in EVBox Group, the electric-vehicle charging specialist that agreed to go public through a merger with TPG Pace Beneficial Finance Corp.Read more: Koch, Eyeing $3 Billion in Growth Equity Bets, Backs EVBoxKoch Investments Group is part of Koch Industries Inc., one of the largest privately-held companies in the U.S., its website shows. Chairman and Chief Executive Officer Charles Koch is the world’s 17th richest person, with a net worth of about $62 billion, according to the Bloomberg Billionaires Index.“We’re taking material minority equity positions in innovative, disruptive companies with strong management teams that operate in industries with significant tailwinds,” KSP President David Park said in a statement. “We want to partner with companies that can transform Koch Industries for the future.”(Updates with details from statement from first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS) ("TPG Pace"), a publicly traded special purpose acquisition company that is focused on high-growth companies with strong environmental, social and governance principles, today announced the confidential submission with the Securities and Exchange Commission ("SEC") of a draft registration statement on Form F-4 (the "Registration Statement") relating to its previously announced business combination with ENGIE New Business S.A.S. ("Engie Seller") pursuant to which TPG Pace expects to acquire Engie Seller’s subsidiary EV Charged B.V. ("EVBox Group").