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.
Robert Smith, founder and CEO of Vista Equity Partners, is paying off the student loan debt of Morehouse College's class of 2019. Smith announced the gift while making the commencement address at Morehouse Sunday, May 19. The gift is worth about $40 million, the Associated Press said.
1 min read · 20 May 2019
SK Capital Partners said May 20 that Ben Dillon has joined the firm as a managing director focused on IR and fundraising. Dillon was previous a managing director at Partners Group.
2 min read · 20 May 2019
JPMorgan Chase & Co said May 17 that it agreed to buy InstaMed. Financial terms weren’t announced. The deal is valued at $550 million to $600 million, a source said. Instamed, of Philadelphia, is a healthcare payments company. FT Partners advised on the sale.
3 min read · 17 May 2019
KPS Capital Partners said May 16 that it agreed to buy Howden from Colfax Corp for $1.8 billion. The deal includes $1.66 billion in cash and $0.14 billion in assumed liabilities and minority interest. Howden, of Glasgow, Scotland, provides mission critical air and gas handling products and services to the industrial, power, oil & gas, and mining industries.
4 min read · 16 May 2019
Advent International said May 16 that it agreed to buy AccentCare Inc. Financial terms weren’t announced. Oak Hill Capital Partners is the seller. AccentCare, of Dallas, offers a range of services including personal, non-medical care to skilled nursing, rehabilitation, hospice care and care management across 16 states.
5 min read · 16 May 2019
TodayTix said May 16 it raised $73 million in funding led by Great Hill Partners. TodayTix, of New York, is an online platform that sells best-priced tickets to shows, arts and cultural entertainment in cities including New York City, London’s West End, Toronto, the San Francisco Bay Area.
4 min read · 16 May 2019
VMware said May 15 it was buying Bitnami. Financial terms weren’t announced. Bitnami, of San Franciso, provides application packaging solution. Bitnami raised $1.17 million in funding from Inventures Group and other investors in 2014, PitchBook said. Mike Krigbaum, Brandon Parris and Jim Ryan of Morrison & Foerster provided legal advice to VMWare. VMware is majority owned by Dell.
1 min read · 16 May 2019
Periscope Equity said May 16 that Eric Hinkle was promoted to principal.
1 min read · 16 May 2019
SymphonyAI Group said May 15 that it acquired Azima Global. Financial terms weren’t announced. Azima provides machine condition monitoring and asset reliability solutions across several industrial verticals.
4 min read · 16 May 2019
ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said May 16 that it acquired instaGiv. Financial terms weren’t announced. InstaGiv, of the U.K., provides mobile and digital fundraising solutions.
2 min read · 16 May 2019
