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.
Goldman Sachs’ Petershill unit is buying a minority stake of General Catalyst for $200 million, the Wall Street Journal reported. The stake is in the high-single digits and entitles Petershill to a portion of the VC’s profits that it generates through carried interest and management fees, the story said. However, Goldman will not have influence over the firm’s operations or special access to portfolio company information, the WSJ said.
1 min read · 05 December 2018
Belt Power LLC, a portfolio company of Shorehill Capital, said Dec. 3 that Don Heitmeier was named president, CEO and director of the company. Heitmeier was previously Wesco’s division vice president for the Eastern United States from 2016 to 2018.
3 min read · 05 December 2018
CITIC Capital Japan Partners, the Japanese buyout arm of CITIC Capital, has closed its buy of Nippon Oil Pump Co Ltd. Financial terms weren’t announced. Nippon Oil makes internal gear pumps.
2 min read · 05 December 2018
Enovation, a portfolio company of Main Capital Partners, has acquired Meddex. Financial terms weren’t announced. Meddex, of Utrecht, the Netherlands, is a healthcare information exchange software vendor.
3 min read · 05 December 2018
Ares Management Corp said Dec. 5 that it closed its ninth U.S. real estate fund on about $1.04 billion. Ares’s prior U.S. real estate fund raised $825 million in 2014.
3 min read · 05 December 2018
The National Hockey League voted Dec. 4 to approve Seattle as the league’s 32nd franchise. Seattle Hockey Partners will own the team. David Bonderman, co-founder of TPG, is majority owner of Seattle Hockey Partners, while Jerry Bruckheimer, a Hollywood producer, and longtime sports executive Tod Leiweke own stakes, PitchBook said. The team, which has yet-to-be named will begin play in the 2021-2022 season.
3 min read · 05 December 2018
Vagaro said Dec. 5 that it raised a $63 million growth round led by FTV Capital. Vagaro, of Dublin, California, provides a management platform for the salon, spa and fitness industry.
4 min read · 05 December 2018
2 min read · 04 December 2018
Eclypsium said Dec. 4 that it raised $8.75M in Series A round led by Madrona Venture Group. Also participating were investors Andreessen Horowitz, Intel Capital and Ubiquity Ventures. Eclypsium, of Portland, Oregon, provides an enterprise firmware protection platform.
4 min read · 04 December 2018
SEC slaps once high-flying BDC manager Fifth Street; Why regulatory due diligence is essential in healthcare PE deals; Wall Street freezes out women in #metoo backlash
2 min read · 04 December 2018
