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.
TreeFrog Therapeutics said May 13 that it raised 7.1 million euros ($7.8 million) in a series A round led by XAnge (Siparex Group). Galia Gestion, a new investor, along with historical investors from the earlier seed funding round, Irdi Soridec, Aquiti Gestion and SATT Aquitaine, participated. TreeFrog, of Bordeaux, France, is a stem cell company.
7 min read · 13 May 2019
TreeFrog Therapeutics said May 13 that it raised 7.1 million euros ($7.8 million) in a series A round led by XAnge (Siparex Group). Galia Gestion, a new investor, along with historical investors from the earlier seed funding round, Irdi Soridec, Aquiti Gestion and SATT Aquitaine, participated. TreeFrog, of Bordeaux, France, is a stem cell company.
7 min read · 13 May 2019
1 min read · 10 May 2019
1 min read · 09 May 2019
Reverence Capital Partners said May 9 that it agreed to buy Advisor Group Inc. Financial terms weren’t announced. Reverence is buying 75 percent of Advisor Group. Lightyear Capital and PSP Investments, the sellers, will have 25 percent. Advisor Group Inc is a wealth management platform that supports over 7,000 financial advisors with $268 billion of client assets. Centerbridge Partners LP was is in talks to buy Advisor Group for more than $2 billion, Bloomberg reported in April.
4 min read · 09 May 2019
Edgewell Personal Care Co said May 9 that it agreed to buy Harry’s Inc in a deal that values Harry’s at $1.37 billion. Edgewell is paying 79 percent of the deal in cash, while 21 percent will be paid in common stock. Once the deal closes Harry's shareholders will own about 11 percent of Edgewell. Harry’s, of New York, is personal care and grooming company known for its shaving products. Harry’s has raised $461.03 million in funding from investors including Alliance Consumer Growth, Temasek Holdings, Tiger Global Management and Wellington Management, PitchBook said.
10 min read · 09 May 2019
Apax Partners said May 9 that it agreed to buy Baltic Classifieds Group from Media Investments & Holding OÜ. Financial terms weren’t announced. Baltic Classified operates a portfolio of online classified advertising platforms in the Baltics, including Autoplius.lt, Aruodas.lt, Skelbiu.lt, CVBankas.lt, KV.ee, City24.ee, City24.lv, Osta.ee and Soov.ee.
3 min read · 09 May 2019
First Reserve said May 9 that it acquired a majority of IRISNDT Inspection & Engineering Services through a recap. Financial terms weren’t announced. IRISNDT Inspection provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline and industrial markets.
3 min read · 09 May 2019
Boston Scientific said May 9 that it agreed to buy Vertiflex Inc. The deal calls for $465 million in upfront cash with additional payments contingent on commercial milestones for the next three years. Vertiflex has developed a device to improve improve physical function and reduce pain in patients with lumbar spinal stenosis. Vertiflex has raised about $160 million in funding from investors including Endeavour Vision, H.I.G Capital and H.I.G. BioVentures, according to PitchBook.
6 min read · 09 May 2019
ATC Drivetrain said May 9 that it acquired ATP Automotive Transmission Remanufacturing Specialists Ltd, A.T.P. Electronic Developments Ltd and ATP Holdings USA LLC from ATP’s founder Alan Smart. Financial terms of the transaction were not disclosed. ATP, of the U.K., is a remanufacturer of automatic transmissions, including torque converters and automated manual transmissions, electronics and mechatronics, as well as a maker of diagnostics systems and providing associated services. ATC is backed by Crestview Partners.
4 min read · 09 May 2019
