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Bridgepoint has reinvested in Brevo, a European specialist in email marketing software, as part of the company's latest €500m financing round - giving the company unicorn status.
The post Deal Roundup: Brevo becomes a unicorn as Bridgepoint reinvests, Thoma Bravo completes Azul majority stake buy appeared first on AltAssets Private Equity News.
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CVC has agreed to buy airport baggage screening business Smiths Detection in a £2bn deal including debt.
The post Deal Roundup: CVC agrees £2bn buyout of airport baggage security business Smiths Detection, WCAS eyes $1.89bn Lumexa valuation in IPO appeared first on AltAssets Private Equity News.
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Topic: RobocarsTags: forbesGM has killed Cruise's robotaxi project. In this article, I muse about some consequences, including why Tesla should buy it, what it means for global competition and what role the DMV played in the death of Cruise and what it should think about that. Link to the article in the comments.
Read my Forbes site story at Tesla should buy Cruise
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Let's say you purchase a used car from a dealership and later want to bring it back for a refund. Do you have the legal right to get your money back regardless of the reason? Does the "Three-Day Cooling Off Period" apply?
That's what "Mack" thought.
‘I Looked Under the Seats and Found Drug Paraphernalia!'
"I bought a used SUV two days ago and want to take it back to the dealer for a refund, but when I told them why they laughed at me and refused," Mack told me in a call recently.
When I asked if there was anything mechanically wrong with the vehicle, he replied, "No, it drives fine, but it is what I found under the front seats that scares me: dangerous drug paraphernalia." His tone of voice grew increasingly strident the longer we spoke.
And what was he looking for under the front seats?
SEE MORE PODCAST: Car-Buying in an Inflated Market with Jenni Newman
"For money or jewelry sometimes that winds up there, but instead I found vaping equipment! That's illegal! I don't know what other illegal items are in the car, and I want my money back! Also, don't I have three days to cancel the contract?"
I explained to Mack that while there is such a thing as a Three-Day Cooling-Off Rule, in most all cases - including this one - it doesn't apply to car purchases. And besides, in his state, mere possession of vaping hardware is not illegal. Unless he had the right to bring the car back for a refund - spelled out in the sales contract - the dealership could decline his request.
Car Buyers Shouldn't Believe the 3-Day Myth
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