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.
The Institutional Limited Partners Association said June 6 that its 2018 board includes three new and three re-standing members. New members include: Anne Fossemalle, European Bank for Reconstruction and Development; John Hershey, Oregon State Treasury; and Kevin McDowell, Alberta Teachers’ Retirement Fund. Re-standing board members comprise Serra Erdogmus, The Canadian Medical Protective Association; Jennifer Magaña, SouthOcean Investment Partners LLC; and Rob Ross, California State Teachers’ Retirement System.
2 min read · 07 June 2018
LendStreet Inc said June 7 that it raised $7 million in Series A funding led by Prudential Financial Inc and Radicle Impact. LendStreet also raised $110 million in debt financing from Prudential and Community Investment Management. LendStreet joined existing investors Accion, the Center for Financial Services Innovation (CFSI), Serious Change, Crunchfund, Kapor Capital, and Cross Culture Ventures in participating in the round. LendStreet, of Oakland, California, is an online consumer debt restructuring and consolidation platform.
4 min read · 07 June 2018
Cipio Partners has invested in Blackwood Seven, acquiring a secondary position. Financial terms weren't announced. Blackwood Seven, of Copenhagen, is an AI powered software platform which automates customer specific media planning and allocation. Existing investors include Jolt Capital, Sunstone Capital, Vaekstfonden and Conor Capital.
3 min read · 07 June 2018
2 min read · 06 June 2018
2 min read · 06 June 2018
Petsmart is spinning off 20 percent of Chewy.com as a dividend to its PE owner, BC Partners, the Wall Street Journal is reporting. BC Partners invested $1 billion in 2017 to finance Petsmart’s buy of Chewy.com, the story said.
1 min read · 06 June 2018
Calero Software LLC, a portfolio company of Riverside Partners, has acquired Veropath Ltd. Financial terms weren’t announced. Veropath, of Edinburgh, Scotland, provides telecom expense management technology throughout the U.K. and Europe.
4 min read · 06 June 2018
Newell Brands has agreed to sell Rawlings Sporting Goods Company Inc to Seidler Equity Partners and Major League Baseball. Gross proceeds from the deal are expected to be $395 million. Rawlings, a sporting goods maker, is known for its baseball gloves. Morgan Stanley acted as financial adviser to Newell Brands on the transaction. Bank of America Merrill Lynch acted as financial adviser to SEP.
3 min read · 06 June 2018
Parthenon Capital Partners and Waterfall Asset Management have completed their acquisition of Mid Atlantic Capital Group. The deal was announced in March
3 min read · 06 June 2018
FTV Capital has invested $50 million in Sunlight Financial. Sunlight, of Teaneck, New Jersey, is a residential solar and energy storage lender.
3 min read · 06 June 2018
