Private Equity
Platte River Equity said Jan. 9 that it acquired a controlling stake in Sherrill Inc. Financial terms weren’t announced. Sherill, of Greensboro, North Carolina, distributes arborist tools and equipment in North America.
2 min read · 10 January 2019
Roland Foods LLC, a portfolio company of Vestar Capital Partners, has acquired Albert Uster Imports Inc. Financial terms weren’t announced. Albert Uster, of Gaithersburg, Maryland, imports of specialty pastry, bakery, and confectionary products for professional chefs and bakers. Kirkland & Ellis served as legal counsel and SunTrust Robinson Humphrey as financial adviser to Roland Foods and Vestar. Legal counsel for AUI was provided by Arnold & Porter.
3 min read · 10 January 2019
New Mountain Capital is planning to launch a fund dedicated to minority stakes, Bloomberg is reporting. The PE firm is seeking $1 billion for the pool that will take minority stakes in small and midsize closely held companies based in the U.S., the story said.
1 min read · 10 January 2019
N26, a mobile banking startup backed by Peter Thiel, has raised $300 million in funding from Insight Venture Partners, GIC and existing investors, according to the Techregister UK. The deal values N26, of Germany, at $2.7 billion, the story said.
1 min read · 10 January 2019
Sequoia Capital is leading a funding round of at least $500 million for Aurora, a self-driving car start-up, Recode reported. Aurora, founded in 2016 by Chris Urmson, one of the creators of Google’s self-driving car project that later became Waymo, is expected to be valued at more than $2 billion, the story said.
1 min read · 10 January 2019
To start your morning, Eddie Lampert submitted a revised $5 billion bid to save Sears from liquidation, Ford's turnaround plan will produce thousands of job cuts in the U.K. and Europe, and older Americans are disproportionately more likely to share fake news on Facebook.
1 min read · 10 January 2019
Talentsoft said Jan. 9 that it raised a $50 million round of funding led by Francisco Partners. Existing investors, Bpifrance and Goldman Sachs, also participated. Talentsoft, of Paris, provides learning and human capital management software.
5 min read · 09 January 2019
Yukon Partners said Jan. 9 that it is partnering with ShoreView Industries and the founders of California Retina Associates (CRA) to form an administrative services organization. The company will provide administrative and non-clinical support services, support CRA, and seek to affiliate with other ophthalmology groups throughout the Western United States.
3 min read · 09 January 2019
CEI Vision Partners, a portfolio company of Revelstoke Capital Partners, has acquired Retina Vitreous Associates. Financial terms weren’t announced. Retina Vitreous Associates, of Toledo, Ohio, is a vitreoretinal surgical practice with nine ophthalmologists who specialize in medical and surgical retinal disorders, including diabetic retinopathy, age-related macular degeneration, retinal vascular disease, diabetic macular edema, and other retinal conditions.
2 min read · 09 January 2019
Carlyle Aviation Partners said Jan. 9 that Edward “Ted” O’Byrne has joined the firm as a managing director and co-head of aviation. O’Byrne joins Carlyle Aviation after 11 years with AerCap Holdings NV.
3 min read · 09 January 2019
