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.
Warburg Pincus is in talks to buy NCR, while Apollo Global Management has also expressed interest, according to DealReporter. Bank of America is advising NCR, which makes ATM machines, on the transaction, the story said. Bloomberg earlier this month reported that NCR was exploring options, including a sale.
1 min read · 21 May 2019
Goldman Sachs Group Inc said May 16 that it agreed to buy United Capital Financial Partners Inc for $750 million in cash. United Capital investors include Sageview Capital and Grail Partners. United Capital, of Newport Beach, California, is an RIA with $25 billion of assets under management and more than 220 financial advisors serving 22,000 clients in 90 offices across the U.S. Goldman Sachs & Co LLC served as financial adviser and Fried, Frank, Harris, Shriver & Jacobson LLP was legal counsel to Goldman Sachs. Bill Nook, Mark Karasik and Andrew Langer of Moelis & Co LLC advised United Capital while Kilpatrick Townsend & Stockton LLP was legal counsel.
3 min read · 20 May 2019
UST Global said May 20 that Sajan Pillai is retiring as CEO of the company. Krishna Sudheendra, UST Global’s CFO and president, was named CEO as part of the company's succession plan. Pillai will remain on the company's board and be actively involved for the next one year. UST is backed by Temasek Holdings.
3 min read · 20 May 2019
KKR said May 20 that it is partnering with Western Natural Resources LLC to acquire producing and undeveloped oil and gas assets in the Williston Basin. Financial terms weren’t announced.
3 min read · 20 May 2019
Orlando Bravo said May 16 that he is committing $100 million to the Bravo Family Foundation to promote entrepreneurship and economic development in Puerto Rico. Bravo is the founder and managing partner of Thoma Bravo.
5 min read · 20 May 2019
Siemplify said May 20 that it raised $30 million Series C funding led by Georgian Partners. Siemplify, of New York, provides security orchestration, automation and response.
3 min read · 20 May 2019
TierPoint, which is backed by TA Associates, is exploring strategic options including raising new equity, Bloomberg reported. TierPoint, which provides data centers and other technology, seeking an equity injection of $250 million to $500 million, the story said. Other TierPoint investors include RedBird Capital Partners and Ontario Teachers’ Pension Plan, Bloomberg said.
1 min read · 20 May 2019
Catalyst said May 20 that it is launching an inaugural real estate Opportunity Zone fund, which plans to raise $150 million. Catalyst, of Salt Lake City, has invested in more than $6 billion of real estate projects in the United States across various asset classes.
5 min read · 20 May 2019
Pantheon said May 20 that Janice Ince has joined as a principal in the firm's global infrastructure and royal assets investment team. Ince was previously with SteelRiver Infrastructure Partners where she was a principal focusing on North American core infrastructure investments.
4 min read · 20 May 2019
Lovell Minnick Partners said May 20 that it agreed to sell J.S. Held LLC to Kelso & Co. Financial terms weren’t announced. J.S. Held provides consulting services to address complex and high value insurance claims and construction-related matters.
4 min read · 20 May 2019
