I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Cerberus is seeking $3 billion for its first dedicated private equity fund, Bloomberg reported. Cerberus has already secured commitments from investors, the story said.
1 min read · 23 May 2019
PE firms are balking at the high price and slow pace of Vivendi’s sale of a stake in Universal Music Group, Bloomberg said. Vivendi is seeking a minimum value of 25 billion to 30 billion euros ($28 billion to $33 billion) for a minority of Universal Music, the story said. Vivendi is now targeting strategic buyers and has held talks with Tencent Holdings, Bloomberg said.
1 min read · 23 May 2019
Duomodiag Sarl, a holding company backed by ArchiMed, has acquired Diesse Diagnostica Senese SpA. Financial terms weren’t announced. Diesse Diagnostica is an Italian developer of in vitro diagnostic (‘IVD’) systems for the diagnosis of infectious and autoimmune diseases, and hematology systems to test for inflammation.
4 min read · 23 May 2019
Idera Inc said May 23 that Partners Group is investing in the company. Financial terms and the size of Partners Group's stake weren’t announced. Partners Group is joining existing investors HGGC, TA Associates, and company management. Idera, of Houston, develops software that aims to help database professionals design, monitor and manage data systems. Kirkland & Ellis provided legal advice to Idera, while Ropes & Gray is legal adviser to Partners Group. Jefferies LLC and Credit Suisse acted as financial advisers to Idera.
4 min read · 23 May 2019
Lion Street said May 22 that it completed a recapitalization of the company which returned equity the firm and its owners. Lion Street, of Austin, provides life insurance services. The company has raised $11.1 million in funding, from investors including Austin Ventures, PitchBook said.
2 min read · 23 May 2019
Stratus Video LLC, a portfolio company of Kinderhook Industries LLC, said May 23 that it acquired InDemand Interpreting. Financial terms weren’t announced. InDemand, of Seattle, provides video and audio interpreting solutions for limited english proficient, deaf, and hard of hearing patients through medically qualified/certified interpreters.
3 min read · 23 May 2019
EQT said May 23 that it acquired Melita Ltd. Financial terms weren’t announced. Apax Partners and Fortino Capital were the sellers. Melita, a telecommunications infrastructure company, provides Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services.
3 min read · 23 May 2019
3 min read · 22 May 2019
OpenGate Capital said May 22 that it acquired the SMAC business of Colas Group. Financial terms weren’t announced. SMAC makes waterproofing and building envelope solutions.
2 min read · 22 May 2019
VOOM said May 22 that it raised $5 million in a series A round led by Arbor Ventures. Investors include F2 Capital, Verizon Ventures, and Kaedan Capital, as well as new partner Plug and Play Ventures. Voom is an on-demand insurance platform for specialized mobility.
4 min read · 22 May 2019
