Ritchie Bros. Announces $500 Million Strategic Investment From Starboard Value
Amount Raised
$500 Million
Round Type
Corporate Round
WestchesterManufacturingMarketplaceAutomotiveIndustrial Machinery ManufacturingInvestors
Description
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") today announced that it has entered into a securities purchase agreement with Starboard Value LP and certain of its affiliates (together, "Starboard") pursuant to which Starboard will make a concurrent $485 million convertible preferred equity and $15 million common share investment in Ritchie Bros.
Quick answer
RB Global raised $500 Million in a Corporate Round round, dated January 23, 2023. Investors: Starboard and Starboard Value LP. RB Global is based in Westchester, Illinois, United States.
- How much did RB Global raise?
- RB Global raised $500 Million in a Corporate Round round on January 23, 2023.
- Who invested in RB Global?
- Starboard and Starboard Value LP are named as investors in this round.
- Where is RB Global based and how big is it?
- RB Global is based in Westchester, Illinois, United States.
- Who are the decision-makers at RB Global?
- Fundz holds 2 contacts at RB Global, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Marketplace and Automotive around the same time
Companies in the same sectors as RB Global that raised within 45 days of this round, from Fundz verified event records.
- Arcimoto raised $6M (Funding Round) on February 22, 2023.
- Pebble raised $6M (Funding Round) on February 8, 2023.
- CapGrid Solutions raised $7M (Funding Round) on January 30, 2023.
- Damon raised an undisclosed amount (Funding Round) on January 17, 2023.
- Quantum Space raised an undisclosed amount (Funding Round) on December 13, 2022.
- QuantWare raised $6.3M (Funding Round) on March 9, 2023.
Who to call at RB Global, and when
A new round usually means RB Global is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day RB Global raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at RB Global, from your own LinkedIn network
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Fundz sees it the moment RB Global raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
RB Global raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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