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.
KKR has agreed to buy a 49.99 percent stake in SFR TowerCo from Altice France. The deal values SFR TowerCo at 3.6 billion euros ($4.2 billion). SFR TowerCo comprises 10,198 tower sites across France currently operated by SFR.
2 min read · 21 June 2018
AdoRx Therapeutics said June 21 that it raised $10 million in an investment round financed by Epidarex Capital and CRT Pioneer Fund. AdoRx Therapeutics, of Edinburgh, Scotland, is a drug discovery company focused on identifying new cancer therapies.
2 min read · 21 June 2018
Cushman & Wakefield, the real estate firm backed by TPG, has filed plans to go public, according to a June 20 SEC filing. Morgan Stanley, JP Morgan, Goldman Sachs and UBS Investment Bank are joint bookrunners on the deal, the filing said. Other Cushman investors include PAG Asia Capital and Ontario Teachers’ Pension Plan. Cushman didn’t list how many shares it would sell or their price range; that will come in future filings.
1 min read · 21 June 2018
CRF Health Inc, a portfolio company of Vitruvian Partners, has hired Jefferies to explore a sale, the Wall Street Journal reported. CRF, which enables electronic assessments for trial participants, generates EBITDA of 40 million euros ($46.3 million), the story said.
1 min read · 21 June 2018
Warburg Pincus said June 19 that it acquired Supplier Assessment Services. Financial terms weren’t announced. Capita plc is the seller. Supplier Assessement, provides third party pre-qualification and health and safety accreditation services in the U.K. Supplier Assessment Services includes the Constructionline and Acclaim portfolio of products and services.
2 min read · 20 June 2018
Ascensus said June 19 that it acquired Swerdlin & Co and SES Advisors. Financial terms weren’t announced. Swerdlin, of Atlanta, provides actuarial, consulting, administrative, and recordkeeping services for all types of retirement, health, and cafeteria plans to clients nationwide. SES, of Valparaiso, Indiana, specializes in employee stock ownership plan (ESOP) administration, consulting, and recordkeeping services.
3 min read · 20 June 2018
Calm said June 20 that it raised $27 million in Series A funding led by Insight Venture Partners. Also participating were Ashton Kutcher’s Sound Ventures and singer Harry Styles. Calm previously raised $1.5 million from seed investors. Calm is an app for meditation, mindfulness and sleep.
3 min read · 20 June 2018
Bain Capital Private Equity has agreed to buy Varsity Brands. Financial terms weren’t announced. Charlesbank Capital Partners and Partners Group are the sellers. The deal is valued at $2.5 billion, according to press reports.
5 min read · 20 June 2018
Think3 said June 20 that it acquired MyAlerts Inc. Financial terms weren’t announced. MyAlerts, of Minneapolis, is an e-commerce marketing platform used by retail and consumer sites to capture purchase intent.
3 min read · 20 June 2018
Perforce Software, a Clearlake Capital portfolio company, said June 20 that Mark Ties was named CEO effective immediately. He succeeds Janet Dryer who continue with the company as chair of the board.
3 min read · 20 June 2018
