Dollar Tree Sells Family Dollar To Brigade Capital And Macellum For $1 Billion

Dollar Tree, led by CEO Rick Dreiling, is selling Family Dollar to private equity firms Brigade Capital Management and Macellum Capital Management for $1 billion, far below the $9 billion it paid in 2015. Family Dollar’s struggles with messy stores, high prices, and stiff competition from Dollar General and Walmart led to store closures and declining performance. The sale, pending regulatory approval, aims to unlock value for Dollar Tree shareholders. Despite efforts to renovate stores, Family Dollar faced challenges including a $41.6 million fine for unsafe conditions and ongoing pressure from inflation impacting its low-income customer base. PRICE: $1,000,000,000 #VentureCapital #DollarTree #RickDreiling #FamilyDollar #BrigadeCapitalManagement #MacellumCapitalManagemen #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC