Private Equity
This week’s jobs include a principal at Silverton Partners and associates at Enlightenment Capital and BRS and an analyst at Vista Equity Partners.
4 min read · 08 April 2019
2U Inc has agreed to acquire Boca Raton, Florida and New York City-based Trilogy Education, a workforce accelerator that prepares adult learners for careers in the digital economy, for $750 million. Citigroup Global Markets Inc. provided financial advice to 2U on the transaction while Morgan Stanley advised Trilogy Education. Trilogy's backers included Highland Capital Partners, Macquarie Capital, Exceed Capital, Rethink Impact, City Light Capital and Triumph Capital LLC.
6 min read · 08 April 2019
Ardian has provided a debt facility to back HgCapital's investment in UK-based A-Plan, a personal lines insurance broker. No financial terms were disclosed.
2 min read · 15 March 2019
First Read kicks off the day with news that Andreessen Horowitz has hired its 15th general partner, Office Depot and Alibaba are teaming up to tap small and medium businesses, and Coinbase is giving the former Hacking Team employees the boot.
1 min read · 05 March 2019
In Second Opinion, Purdue Pharma files for possible bankruptcy, Google found it paid men less than women for the same job and "Beverly Hills 90210" star Luke Perry dies at 52.
1 min read · 04 March 2019
In Second Opinion, President Trump's ex-fixer Michael Cohen testified before Congress that Trump told him to lie about hush money payments, Dow Jones' watchlist of 2.4 million high-risk individuals has leaked and KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Universal Music.
1 min read · 27 February 2019
Platinum Equity has agreed to acquire Cincinnati-based Multi-Color Corporation, a provider of global label solutions, for $50 per share or $2.5 billion. Upon the closing of the deal, Multi-Color will not trade on the public market. Goldman Sachs is serving as financial adviser to Multi-Color on the transaction with Sidley Austin LLP and Keating Muething & Klekamp PLL providing legal counsel. And, Latham & Watkins LLP is serving as legal counsel to Platinum Equity LLC.
4 min read · 25 February 2019
TAL Education Group, a K-12 after-school tutoring services provider in China, has agreed to secure about $500 million in funding. The investor was not identified.
2 min read · 18 February 2019
Portag3 Ventures has increased its stake in Hellas Direct, a Cyprus-based online insurance company. No financial terms were disclosed.
1 min read · 18 February 2019
Berlin-based German Autolabs, a voice AI-enabled digital assistant for in-car usage, has secured 7 million euros in funding. The investors were nbr Tech Ventures, VC Fonds Technologie Berlin managed by IBB Beteiligungsgesellschaft mbH, coparion and Target Partners.
4 min read · 18 February 2019
