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.
3 min read · 06 August 2018
Conduent Inc said Aug. 6 that it agreed to sell its local and municipal constituent government software solutions business to Avenu Insights & Analytics. Financial terms weren’t announced. Avenu is a portfolio company of Mill Point Capital.
3 min read · 06 August 2018
Vista Equity Partners is considering selling Tibco Software Inc, Bloomberg is reporting. Vista has held early stage talks with potential suitors, the story said.
1 min read · 06 August 2018
Duet Private Equity Ltd said Aug 1 that it acquired a majority stake in AJEAST Nigeria Ltd. Duet PE said its investment was more than $50 million. AJEAST is the Sub-Saharan Africa subsidiary of AJE Group, a multinational beverage company.
3 min read · 06 August 2018
C.H. Guenther & Son, a portfolio company of PPC Partners, has acquired Cookietree Bakeries. Financial terms weren’t announced. Cookietree, of Salt Lake City, provides thaw-and-serve cookies, bake-and-serve cookie dough, brownies and scones to quick-service restaurants, fast-casual restaurants, club stores and retailers. Cody Peak Advisors advised Cookietree.
3 min read · 06 August 2018
2 min read · 03 August 2018
Peloton said Aug. 3 that it raised $550 million in a Series F financing round led by TCV. Nearly all of Peloton's existing institutional investors, including Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner Perkins and Balyasny participated in this round. New investors include Felix Capital, Winslow Capital and other mutual fund partners. J.P. Morgan served as the sole placement agent to Peloton on the transaction. Peloton, of New York, provides high end cycling equipment for the home.
4 min read · 03 August 2018
H.I.G Capital has raised $2.39 billion for a U.S. buyout fund focused on mid-market companies, Financial News reported. H.I.G. is seeking $2.75 billion for the HIG Advantage Fund, up from its initial $2.25 billion target, the story said, citing an SEC filing. H.I.G. of Miami invests in small to mid-market companies valued at between $50 billion to $500 million, Financial News said.
1 min read · 03 August 2018
TCV has invested $150 million in Peloton as part of the company's $550 million funding round, the Financial Times reported Aug. 3. Tiger Global Management is expected to join the round for Peloton, which provided high-end cycling equipment for the home, the story said. The round values Peloton at $4.15 billion, the FT said.
1 min read · 03 August 2018
Riverside Co said Aug. 3 that it agreed to sell its investment in Alchemy Systems to Intertek ITRK. Financial terms weren’t announced. Alchemy Systems, of Austin, provides food and workplace safety training and other operations and culture solutions through a software-as-a-service (SaaS) model. Jones Day and Deloitte advised Riverside on the transaction. Houlihan Lokey led the sales process along with Vaquero Capital.
2 min read · 03 August 2018
