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.
NextGen Growth Partners LLC said June 6 that it debut fund closed on more than $50 million. NextGen, of Chicago, invests in lower middle market companies that generate annual cash flows between $1 million and $5 million.
4 min read · 06 June 2018
Invesco Ltd said June 6 that has acquired Intelliflo. Financial terms weren’t announced. Intelliflo, of the U.K., provides digital solutions to financial advisers.
3 min read · 06 June 2018
KKR and Goldman Sachs have invested $360 million in OutSystems. The deal values OutSystems, which provides low-code rapid application development, at $1 billion.
5 min read · 05 June 2018
Hamilton Lane said June 5 that its latest strategic opportunities fund has closed on about $900 million. Investors of Hamilton Lane Strategic Opportunities Fund IV include institutions, such as Taft-Hartley pension funds, insurance companies, endowments/foundations and high net worth individuals, including a number of existing as well as new investors from Asia, the Middle East, Europe and North and South America.
4 min read · 05 June 2018
Sabine Kraut, a vice president at Kuwaiti-owned Wafra Investment Advisory Group, has filed an EEOC complaint against the firm and one of its former top real estate executives. Kraut alleges that she was subjected to years of sexual harassment and discrimination, while working for Frank Lively, a former senior managing director of Wafra’s real estate division, the May 30 complaint said. Wafra fired Lively in April, Bloomberg reported. Wafra could not be reached for comment.
1 min read · 05 June 2018
ParkerGale Capital said June 4 that it Eleanor “Nori” Welles-Gertz has joined the firm as an associate. Welles-Gertz previously worked in management consulting as an associate at Treacy & Co.
1 min read · 05 June 2018
Capzanine said June 5 that it invested in Horizon Software, acquiring a majority stake. Financial terms weren’t announced. Horizon, of Paris, provides technology to 90 financial institutions in 26 countries.
2 min read · 05 June 2018
Cerberus Capital Management LP has offered $125 million to acquire the private-equity business of Abraaj Group of Dubai, the Wall Street Journal reported. If a sale goes through, it would involve existing investor commitments being transferred to a new company; Cerberus is not taking on any existing liabilities of either the fund-management business or Abraaj’s holding company, the story said. Abraaj is currently in a dispute with investors that have raised questions about its financial practices.
1 min read · 05 June 2018
1 min read · 04 June 2018
Microsoft Corp said June 4 that it agreed to buy GitHub for $7.5 billion in stock. The deal is expected to close by the end of the calendar year. GitHub, of San Francisco, is a software development platform where more than more than 28 million developers learn, share and collaborate. GitHub has raised $350 million in funding, crunchbase said. Investors include Sequoia Capital, Andreessen Horowitz and Thrive Capital.
4 min read · 04 June 2018
