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New Deal


Announced

Al Nawwar Investments to acquire a minority stake in Sequoia Capital Fund from FTX Trading for $45m.

Financials

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Transaction Value£36m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

Venture Capital

venture capital

Friendly

Single Bidder

Private

Acquisition

Pending

Private Equity

Cross Border

Minority

Synopsis

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Al Nawwar Investments agreed to acquire a minority stake in Sequoia Capital, a fund focused exclusively on seed-stage opportunities, from FTX Trading for $45m. The deal, subject to approval by Delaware bankruptcy court Judge John Dorsey, is part of the bankrupt company's attempts to sell its investments in early stage crypto and tech ventures in a bid to repay creditors.

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