€100M+

Milan’s Gruppo Cap Approves €1 Billion Water Infrastructure Plan Through 2037

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Gruppo Cap, the integrated water utility serving the Milan metropolitan area, approved a major industrial plan update through 2037 with total investments reaching over 1 billion euros by 2033. The plan focuses on infrastructure modernization, climate resilience, emerging micropollutant management, digitalization and cybersecurity. The company reported 2025 revenues of 500.5 million euros with 36.4 million euros net profit.

LVMH Sells Marc Jacobs to WHP Global and G III Apparel Group Joint Venture for $850 Million

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LVMH agreed to sell Marc Jacobs to a 50/50 joint venture between WHP Global and G III Apparel Group for 850 million dollars. The transaction will be completed before the end of 2026. Marc Jacobs will continue as Creative Director. This marks the end of nearly three decades of LVMH ownership, which began in 1997.

Anthropic Raises $30 Billion at $900 Billion Valuation, Overtaking OpenAI’s Valuation

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Anthropic is raising $30 billion at a $900 billion valuation, surpassing OpenAI. The round is led by Dragoneer, Greenoaks, Sequoia Capital, and Altimeter Capital, each investing at least $2 billion. This comes three months after a previous $30 billion round at $350 billion valuation. Anthropic’s revenue is projected to reach $45 billion this year, five times higher than last year’s $9 billion, driven by the success of Claude and its new capabilities like Claude Cowork. The company continues to face scrutiny from European regulators regarding access to its latest Claude Mythos model.

Danish GoMore Acquires Getaround Europe to Create Continent’s Largest Peer-to-Peer Car-Sharing Platform

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Danish peer-to-peer car-sharing platform GoMore has acquired Getaround Europe, creating Europe’s largest P2P car-sharing platform with operations in 11 countries across Northern and Western Europe. The combined company has 5 million users, 70,000 active shared cars, and 1.5 million annual rentals. The acquisition is backed by prominent Danish investors and financing from EIFO and Nordea.