Private Equity
Blackstone and CVC are looking to hire underwriters for an IPO of Paysafe Group, Reuters reported Oct. 23. Blackstone and CVC will interview bankers next month for the IPO that would value Paysafe at more than $10 billion, the story said. Mergermarket, which first reported the Paysafe listing, said the IPO would come in 2020.
1 min read · 23 October 2019
Fabric, which was formerly known as CommonSense Robotics, said Oct. 23 that it raised $110 million in a Series B round led by Corner Ventures. Participating in the round were from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek. Fabric, of New York, provides a logistics platform for retailers.
4 min read · 23 October 2019
Rock Hill Capital Group said Oct. 23 that its portfolio company, Core International LLC, has merged with Javelina Oilfield Inc. Financial terms weren’t announced. Core, of Houston, supplies engineered rubber components and supply chain solutions to a variety of industrial end-users while Javelina distributes engineered rubber and metal components to the oil and gas market.
2 min read · 23 October 2019
Vista raises $700 mln for third credit fund; Hercules founder pleads guilty; AIC responds to negative PE attacks
2 min read · 22 October 2019
Benevity Inc said Oct. 22 that it raised $40 million in a Series C round from General Atlantic and JMI Equity. Benevity, of Calgary, provides corporate social responsibility and employee engagement software.
4 min read · 22 October 2019
Peter Thiel’s venture capital firm is raising $3 billion for two funds, including its first dedicated pool for late stage companies, the Wall Street Journal reported. Founders Fund typically backs early-stage companies but as the firm’s biggest winners are staying private longer, the VC is looking to make larger investments at later stages of a company’s lifetime to maintain comparable stakes and a say in company operations, the story said.
1 min read · 22 October 2019
Arlington Capital Partners said Oct. 22 that it agreed to buy a majority of AEgis Technologies. Financial terms weren’t announced. AEgis Technologies, of Huntsville, Alabama, provides advanced engineering and technology expertise to customers in the National Security community.
3 min read · 22 October 2019
Coty Inc said Oct. 21 that as a result of a strategic review it will focus more intently on its fragrance, cosmetics and skin care businesses. Coty said it is launching a process to explore strategic alternatives for its Professional Beauty business and associated nail and hair brands, including Wella and Clairol, as well as the company’s Brazilian operations, including a divestiture. Credit Suisse is advising on the process. JAB Holdings is Coty’s largest shareholder.
10 min read · 22 October 2019
Bridge Growth Partners LLC said Oct. 22 that Don Callahan has joined the firm as an executive partner. Callahan is the former global head of technology, operations and shared services of Citigroup.
4 min read · 22 October 2019
TPG Sixth Street Partners said Oct. 22 that its first Capital Solutions fund closed on about $2.2 billion of total third-party commitments. Capital Solutions makes non-control investments in growth-oriented companies. The fund can invest from $25 million to over $500 million in companies.
3 min read · 22 October 2019
