Smart rings have quietly become the wearable category to watch. Health tracking, AI-powered note-taking, and hands-free control of AR glasses.....all from something that looks like a wedding band. The Pebble Index O1 and Even Realities R1 are leading the category, and the smart ring market is growing faster than smartwatches did at the same stage. GADGET FLOW
Apollo hired three managing directors, one of them from Carlyle. Advent's head of tech strategy now works at the OpenAI venture Advent helped fund.
GTCR and Elliott are paying $7.75 a share for CCC. Advent sold its final stake last November at $7.79, down from a $10 SPAC-era price.
Proofpoint will pay $49.75 a share for Varonis, 52% above the June close. The multiple is 53 times free cash flow, and the first-half cash flow fell.
Fee-generating assets rose €40bn in the quarter. Strip out the Coller acquisition and the gain is about €6bn.
