Last week, we tracked over 100 tech funding deals worth over €1.9 billion, and over 20 exits, M&A transactions, rumours, and related news stories across Europe.
One deal that should stand out in particular is ThinCats's £696 million in a warehouse facility which is leveraging a historically risky mechanism, collateralised debt obligation (CDO). This financial instrument first appeared in the public eye back in the late 1980's via the now-defunct investment bank Drexel Burnham Lambert, and powered by senior executive Michael Milken, then and now affectionately known as the "junk bond king". Milken was eventually indicted for racketeering and securities fraud in 1989.
Continue reading this article by becoming a Tech.eu Insider
If you are a member of Tech.eu Insights, you can log in to access the full article. If you don't have Insights access yet, you can act now.
Sign in
or
Would you like to write the first comment?
Login to post comments