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.
U.S. and European private equity firms are circling Wagamama, the London noodle restaurant chain, the Financial Times reported. Bridgepoint, KKR and L Catterton are have expressed interest in the company, which could sell for 750 million pounds, the story said.
1 min read · 02 July 2018
KKR & Co said July 2 that it has completed its conversion to a corporation from a partnership.
2 min read · 02 July 2018
Automation Anywhere said July 2 that it raised $250 million in funding led by New Enterprise Associates and Goldman Sachs Growth Equity. Also participating in the round were General Atlantic and World Innovation Lab. Automation Anywhere, of San Jose, provides robotic process automation.
6 min read · 02 July 2018
Aretex Capital Partners said July 2 that it acquired Alerian. Financial terms weren’t announced. Alerian, of Dallas, provides energy infrastructure indices and market intelligence. A group led by Intermediate Capital Group Strategic Equity and Goldman Sachs Asset Management provided $325 million of capital commitments to fund the buy of Alerian as well acquire a portfolio of other assets that were previously managed by the Aretex team of professionals.
3 min read · 02 July 2018
2 min read · 29 June 2018
Lime Rock Partners said June 28 that it closed a $1.9 billion acquisition fund, Lime Rock Partners IV AF LP. The fund has acquired the remaining assets of Lime Rock Partners IV LP, which has most of its value wrapped up in one investment called CrownRock. The fund received $741 million in new capital commitments from secondary and primary investors and from existing Fund IV investors. HarbourVest served as lead investor of the fund. Evercore provided financial advice to Fund IV. Morgan, Lewis & Bockius LLP served as legal adviser to the funds and Lime Rock.
3 min read · 29 June 2018
Amazon said June 28 that it agreed to buy PillPack. Financial terms weren’t announced but press reports pegged the deal at about $1 billion. PillPack, of Manchester, New Hampshire, is an online pharmacy that offers pre-sorted doses of medications and home delivery. PillPack is backed by investors including Accel, Accomplice VC, Astral Capital and Charles River Ventures, according to PitchBook.
3 min read · 29 June 2018
Campbell Lutyens said June 29 that Mike Bolner and Yokasta Segura-Baez were named principals. Bolner was most recently with from Probitas Partners, while Segura-Baez was with Pantheon.
2 min read · 29 June 2018
Genstar Capital and Aquiline Capital Partners are considering selling Ascensus Inc, Bloomberg reported. The PE firms have spoken to financial advisers about a sale of Ascensus, which could fetch more than $2 billion, the story said. Genstar and Aquiline are in the early stages of exploring an exit and may not formally seek offers until late summer, Bloomberg said. Ascensus is a retirement and college savings provider.
1 min read · 29 June 2018
2 min read · 28 June 2018
