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The company plans to use the new funds to close another acquisition by early next year, reports Bloomberg.
Italian app designer Bending Spoons has raised more than €500m in debt to continue expanding its business through software acquisitions.
In a post on LinkedIn, Bending Spoons said that the latest financing was led by JP Morgan, BNP Paribas and Crédit Agricole with participation from Banco BPM, Bank of America, Barclays, Goldman Sachs, HSBC, Intesa Sanpaolo, Mizuho, Société Générale and Wells Fargo.
Company CEO Luca Ferrari said the plan is to use the new funds to close another acquisition by early next year, according to Bloomberg.
Reports suggest that this debt raise includes a €350m…
Tamar and Matthew Veatch counted on a yearly six-figure sweepstakes check from Publishers Clearing House (PCH) to boost their Veterans Affairs disability income for four years. This February, the expected payout, just under $200,000 after taxes, did not show up.
PCH Sale to ARB Blocks Former Winners from Payouts
The couple, both disabled Army veterans with three young kids, first got promises from PCH that checks would start again in July, every three months, reported The Wall Street Journal. However, April brought bad news: the well-known sweepstakes company went bankrupt, naming ten prize winners as some of its biggest unpaid creditors. Court papers reveal eight of them were owed over $2 million…
More than $1 billion has been lost on poker machines in South Australia in the past year, with experts saying the issue is “spiralling out of control”, as cost of living pressures encourage some people to gamble more.
Revenue from gaming machines in SA exceeded $1 billion for the first time over the 2024–25 financial year, up nearly $53 million from the previous 12 months.
Of that, over $453 million was collected by the state government, while venues shared in nearly $555 million over the past financial year.
Losses were high in regional areas, including $24 million across the Mount Gambier and Grant councils and $20.7 million in Whyalla.
They were even greater in several Adelaide suburban council areas, such as Salisbury and Port…
There are a lot of people with a lot of Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) debt in Australia.
According to the Australian Tax Office (ATO), there were roughly 2.93 million people with outstanding HELP debts in the 2023-24 financial year – totalling more than $81.4 billion.
The good news is that the federal government is wiping 20% from all students loans which should take effect by the end of 2025.
It’s also made moves to urge lenders to make it easier for would-be homebuyers carrying student debt to access home loans. Let’s check the lay of the land.
What is HELP debt?
HELP is a government subsidised loan program, encompassing HECS and other costs incurred from attending university…
DJK provided transport services locally and interstate. Image: Anna/stock.adobe.com
Sydney-based DJK Transport has called time on operations after 57 years in business.
According to an ASIC notice, DJK Transport, A K G Trucking and Round Em Up Transport all went into voluntary liquidation on Friday, August 8, after a restructuring practitioner was appointed in June.
All companies had the same director and shareholder, David Kean, and were registered to the same principal place of business in Austral in Sydney’s west.
Big Rigs has attempted to contact Kean for comment.
According to the DJK Transport website, the business has been a “locally-owned and trusted transport…
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has abated the Service Tax appeal filed by the Department, noting that the company is under liquidation and no application for continuance has been made by the official liquidator.
The assessee-respondent, Vasan Dental Hospitals Private Limited, was engaged in providing dental related treatments. They are registered with the Service Tax Department under the
category of ‘Health Services’.
The Respondent, despite being registered, had not paid Service Tax from August 2010 to March 2015 and filed Nil ST-3 returns, which led to a notice dated 01.06.2015 seeking details of specified services which were rendered by the respondent…
Cornell Diesel Systems has been around for over 50 years. Image: Supplied
One of Australia’s leading diesel systems specialists has entered administration, leaving hundreds of staff facing an uncertain future.
A total of 23 companies under the Cornell and MTQ Group entered voluntary administration late last month with unknown debts.
The most well-known trading entity, Cornell Diesel Systems, has been around for over 50 years, specialising in diesel fuel injection diagnostics, repair, aftermarket parts sales and service.
“Our strategically located branches serve regional and urban centres across diverse industries, including passenger vehicles, fleets, agriculture, mining, rail, marine, and power generation, with tailored…
Melbourne‘s KOI Dessert Bar, founded by MasterChef star Reynold Poernomo and his brothers, has entered voluntary administration little more than a year after opening its doors.
The Queen & Collins venue launched in July 2024 with a 42-seat dining room, retail patisserie, and high-end dessert sculptures.
It marked KOI’s first expansion outside Sydney, where the brand has two outlets.
Administrator reports show the Melbourne operation’s parent company, Poernomo Enterprise, owes creditors more than $1.6 million, much of it to related parties including family members and affiliated businesses.
Managing director of KOI Dessert Bar, Reynold’s brother Ronald, told News Corp that the establishment was continuing to trade during the administration…
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