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# 🍬 CP Kelco Acquired For 1.8B. 310M+ VC Funding.
- URL: https://newsletters.qs.com/cp-kelco-acquired-for-1-8b-310m-vc-funding/
- Published: 2024-07-19T12:50:53.000Z
- Updated: 2024-07-19T12:50:53.000Z
- Description: Impact Capital Markets #140 looks at major deals and M&A in impact industries, and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Ayubowan**](https://en.wikipedia.org/wiki/Sinhala%5Flanguage?ref=newsletters.qs.com) 🌴

📈 **Today's Global Economic Update:** US building permits increased by [3.4% in June](https://www.census.gov/?ref=newsletters.qs.com), the highest in three months. Single-family permits fell by 2.3% to 934,000, while larger building permits increased 19.2% to 460,000\. 

🛡️ **Deal of the Day:** Saronic**,** a Texas-based maritime defense company**,** raised a [$175M Series B](https://www.finsmes.com/2024/07/saronic-raises-175m-in-series-b-funding-valued-at-1-billion.html?ref=newsletters.qs.com), to accelerate growth.

**What's New?**  
📚 **Education.** Education support  
**🌍 Climate.** Refinery, drones, EV  
🛰️ **Space & Defense.** Maritime defense  
**🩺 Health.** MedTech, clinical tech + more  
📅 **Economics.** BoC interest rate, US GDP, balance of trade + more

## 📚 Education

  
💼 **Quad Partners**, a New York-based private equity firm, [acquired](https://www.business-sale.com/news/business-sale/acquisitive-education-firm-secures-new-private-equity-backing-226197?ref=newsletters.qs.com) The Edwin Group, a UK-based education support services company.

## **🌍** Climate  

🍬 **Tate & Lyle,** a British company founded as a sugar refinery in 1859, [acquired](https://vegconomist.com/company-news/tate-lyle-acquires-cp-kelco-1-8-billion-sugar-reduction-ingredients/?ref=newsletters.qs.com) CP Kelco for $1.8B to expand into sugar reduction ingredients and stabilizers.

🚁**Aereo,** an Indian startup providing commercial drone solutions, raised a [$15M Series B](https://www.finsmes.com/2024/07/aereo-raises-15m-in-series-b-funding.html?ref=newsletters.qs.com) from 360 ONE Asset to expand operations.

🚌 **FreshBus,** an Ixigo-backed electric vehicle bus startup, raised a [$5.3M Series A](https://entrackr.com/2024/07/exclusive-ixigo-backed-freshbus-kicks-off-series-a-round/?ref=newsletters.qs.com) from Maniv Mobility.

## 🛰️Space & Defense  

🛡️ **Saronic,** a Texas-based maritime defense company**,** raised a [$175M Series B](https://www.finsmes.com/2024/07/saronic-raises-175m-in-series-b-funding-valued-at-1-billion.html?ref=newsletters.qs.com), to accelerate its growth domestically and internationally.

## 🩺 Health

## 

**🧑‍⚕️ GE Healthcare**, an Illinois-based medical technology and digital solutions innovator, [acquired](https://radiologybusiness.com/topics/healthcare-management/healthcare-economics/ge-healthcare-acquire-ai-business-ultrasound-firm-51m-plus-more-vendor-news?ref=newsletters.qs.com) Intelligent Ultrasound Group, a UK-based provider of software for ultrasound.

🔬 **Q Bio**, a California-based clinical technology company, raised a [$27M Series A](https://www.statnews.com/2024/07/18/q-bio-preventative-scan-startup-new-mri-machine/?ref=newsletters.qs.com) to manufacture their full-body scanners (Mark I) and expand growth.  
  
💊 **Rona Therapeutics,** a Chinese therapeutics platform, raised a [$35M Series A](https://www.finsmes.com/2024/07/rona-therapeutics-raises-35m-series-a-financing.html?ref=newsletters.qs.com) from LongRiver Investments to advance their clinical pipeline. 

## **📅** Economic Calendar

BoC Interest Rate, US GDP, Balance of Trade + More

### Wednesday, July 24th 2024

[🇩🇪](https://www.gfk.com/de/home?ref=newsletters.qs.com) [Germany GfK Consumer Confidence](https://www.gfk.com/de/home?ref=newsletters.qs.com)  
[🇩🇪 Germany HCOB Manufacturing PMI (Flash](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com))  
[🇨🇦 BoC Interest Rate Decision](https://www.bankofcanada.ca/?ref=newsletters.qs.com)

### Thursday, July 25th 2024

[🇩🇪 Germany Ifo Business Climate](https://www.ifo.de/?ref=newsletters.qs.com)  
[🇺🇸 US Durable Goods Orders Data](https://www.census.gov/?ref=newsletters.qs.com)  
[🇺🇸 US GDP Growth Data](http://www.bea.gov/?ref=newsletters.qs.com)

### Friday, July 26th 2024

[🇺🇸 US Core PCE Price Index](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Personal Income & Spending Data](https://www.bea.gov/?ref=newsletters.qs.com)

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