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.
Facet Wealth said Sept. 10 that it raised $33 million in Series A funding led by Warburg Pincus. Slow Ventures is also investing. Facet Wealth, of Baltimore, Maryland, provides technology-enabled financial planning services to mass affluent investors.
4 min read · 10 September 2018
2 min read · 06 September 2018
Council Capital said Sept. 6 that it sold Adva-Net to Paradigm Outcomes. Financial terms weren’t announced. Adva-Net, of Lakewood Ranch, Florida, provides an ancillary network for workers’ compensation claims for pain management, post-acute care and addiction recovery.
2 min read · 06 September 2018
KKR said Sept. 6 that its latest infrastructure fund has closed on $7.4 billion. KKR, using its balance sheet and employee commitments, will invest $358 million in the pool alongside external investors. KKR Global Infrastructure Investors III will target global infrastructure investment opportunities with an emphasis on investments in OECD countries.
3 min read · 06 September 2018
Francisco Partners has invested in ByBox. Financial terms weren’t announced but the deal values ByBox at 221 million pounds ($257 million). LDC, which invested 37.5 million pounds in 2016, is exiting. ByBox, of the U.K., provides smart locker technology and field service solutions.
3 min read · 06 September 2018
Pimco said Sept. 5 that has hired John Studzinski as a managing director and vice chairman. He will advise clients like pension funds, governments and sovereign wealth funds, the New York Times said. Studzinski, a dealmaker, was previously with Blackstone Group where he was vice chairman, investor relations and business development and senior managing director.
3 min read · 06 September 2018
GameStop Corp has hired Perella Weinberg Partners to explore a sale, according to DealReporter. Sycamore Partners and Apollo Global Management are GameStop’s two main suitors, the story said.
1 min read · 06 September 2018
Court Square Capital Partners has put Rocket Software Inc up for sale again, seeking $2 billion, Bloomberg is reporting. Morgan Stanley is advising on the process which has attracted large cap sponsors, the story said. Rocket Software was up for sale earlier this year, Bloomberg said.
1 min read · 06 September 2018
FTV Capital and StepStone Group have invested in Strata Fund Solutions. Financial terms weren’t announced. Strata, of Salt Lake City, is a fund service administrator for venture capital, private equity and other alternative asset managers and allocators.
5 min read · 06 September 2018
Oberland Capital said Sept. 6 that its second royalty and credit opportunities fund closed at its $800 million hard cap. The target of Oberland Capital Healthcare II LP was $650 million. The fund will target investments between $20 million and $150 million in commercial stage or near-commercial stage biopharmaceutical, medical device and diagnostic companies and royalty-bearing products.
2 min read · 06 September 2018
