NEWS
Calvin Klein & Tommy Hilfiger become the latest brands to join Cheddar ’ s cashback platform
Cheddar has announced two new retail partnerships with designer fashion and lifestyle brands , Calvin Klein and Tommy Hilfiger .
Calvin Klein and Tommy Hilfiger will offer Cheddar users cashback on any online purchase , joining a growing list of fashion brands on the app , including House of Fraser , Jack Wills , Ganni , USC and more .
The latest collaborations will see Cheddar users earning up to 10 % cashback on purchases made online , with the cashback available in the app ’ s balance within 30 days . App users can redeem their cashback at any time , depositing it directly into their linked bank account instantly .
“ We ’ re thrilled to be partnering with two of the world ’ s leading fashion and lifestyle brands to extend our cashback offers . The new partnerships will showcase our ability to differentiate between online and in-store transactions using Open Banking for the first time ,” said Luke Ladyman , Chief Operating Officer and Co-founder at Cheddar .
“ Following a successful trial , Calvin Klein and Tommy Hilfiger are key strategic partners for Cheddar , who are working with us to roll this functionality out to expand our growing portfolio of partners awaiting to join the platform .”
Cheddar users can earn up to 20 % retail cashback on the app , online and in-store at some of their favourite retailers .
M & A achieves record growth , despite private equity shrink says report
The latest Enterprise Software M & A report from Hampleton
Partners , the international M & A and corporate finance advisory firm for technology companies , has revealed how the sector maintained its high-growth trajectory in 2022 with a record-breaking 1,837 deals , up 8 % compared to 2021 ’ s 1,702 deals . This was achieved despite the turbulent macro environment and a slowdown in deal activity in the secondhalf of 2022 .
In 2022 , private equity acquisitions as a percentage of total acquisitions dropped to 36 % – a six-year low due to higher interest rates , a reversal of the previous three-year trend . Between 2019 and 2021 financial sponsors ’ share averaged 41 %. The median private equity deal size , however , remained significantly higher at US $ 200 million compared to US $ 45 million paid by strategic buyers .
The volume of deals exceeding US $ 1 billion fell , with 10 transactions versus 19 in the first half .
Miro Parizek , Founder and Principal Partner , Hampleton Partners , said : “ Inflation , supply chain strain and continued geopolitical conflict have placed pressures on both tech giants and small vendors , but the enterprise software sector maintained its record-breaking run in 2022 .
“ Many cash-positive acquirers are deploying capital reserves to acquire smaller firms to bolster product offerings and consolidate their market share .”
10 www . intelligentfin . tech