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.
Silver Lake’s Waugh named PGA of America CEO; Rubeli steps down as Partners Group co-CEO; Beware SEC pay-to-play rules with election contributions
2 min read · 30 August 2018
2 min read · 30 August 2018
Seth Waugh was named CEO of the PGA of America. Waugh was a senior adviser and managing director at Silver Lake. He will continue as a senior adviser to the firm, the PGA said. Waugh will officially start at the PGA on Sept. 24.
4 min read · 30 August 2018
SurveyMonkey has filed to go public on the Nasdaq, according to an Aug. 29 SEC filing. The company did not reveal how many shares it would sell or their price. That will come in future filings. Tiger Global owns about 29 percent of the company while a Sheryl Sandberg Revocable Trust has nearly 10 percent, the filing said. Spectrum Equity has 8.4 percent. SurveyMonkey, of San Mateo, California, provides software that allows businesses to poll their employees and customers.
1 min read · 30 August 2018
Pagaya said Aug. 30 that it raised $14 million in a Series B funding round co-led by Oak HC/FT and Harvey Golub, former chairman and CEO of American Express. Also participating were GF Investments, Siam Commercial Bank, Clal Insurance Ltd and Viola Ventures. Pagaya, of New York and Tel Aviv, is a loan assessment startup.
5 min read · 30 August 2018
Partners Group said Aug. 30 that David Layton will replace Christoph Rubeli as co-CEO beginning Jan. 1. Layton will join André Frei, who has been co-CEO since 2013. Rubeli will also step down from Partners Group's executive committee and global executive board by the end of this year, but he will remain a partner of the firm.
4 min read · 30 August 2018
2 min read · 29 August 2018
Terra said Aug. 29 that it raised $32 million in seed funding form investors including Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP Capital and TransLink Capital. Terra, of Singapore, is designing a price-stable digital currency for payments.
4 min read · 29 August 2018
Authentic Brands has made a $35 million offer for Brookstone Inc, the specialty retailer that filed for bankruptcy earlier this month. Authentic’s offer is mainly for Brookstone’s brand assets and is expected to serve as a stalking horse bidder in Brookstone’s Chapter 11 restructuring. Authentic Brands is a portfolio company of Leonard Green & Partners.
2 min read · 29 August 2018
Polaris has agreed to buy Falck Safety Services Holding A/S. Financial terms weren’t announced. Falck Safety, of Copenhagen, Denmark, provides safety training for the offshore, maritime and renewables industries. Falck Group is the seller.
2 min read · 29 August 2018
