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.
SS&C Technologies Holdings said June 1 that it closed its buy of CACEIS North America, the fund administration business of CACEIS. Financial terms weren’t announced. CACEIS administers more than $15 billion in alternative assets. SS&C said it will add more than 65 people in Toronto and New York.
2 min read · 04 June 2018
Gryphon Investors said June 4 that it acquired a majority of Water’s Edge Dermatology. Financial terms weren’t announced. Water’s Edge provider of dermatology services in over 30 locations in Florida. Houlihan Lokey provided financial advice to Gryphon and Harris Williams was the financial adviser to Water’s Edge. Kirkland & Ellis acted as legal adviser, Jones Day as regulatory adviser to Gryphon, and McDermott Will & Emery was the legal adviser to Water’s Edge.
4 min read · 04 June 2018
ZeroChaos, a Carlyle Group portfolio company, said June 4th that it appointed Jim Burke as CEO. Gordon Coburn, ZeroChaos’ executive chairman and acting CEO, will serve as chairman of the board for ZeroChaos, continuing as a key strategic advisor to the company. Burke most recently served as CEO of Advanced Discovery.
3 min read · 04 June 2018
ENYO Pharma said June 4 that it raised 40 million pounds ($53.5 million) in a series B round led by OrbiMed, followed by Andera Partners (previously EDRIP) and Bpifrance Large Venture as new shareholders. Existing shareholders, Sofinnova Private Capital VII, Morningside Venture Investments, InnoBio and Inserm Transfert Initiative also participated to this round. ENYO is a clinical stage biotech company.
5 min read · 04 June 2018
Cédric Lalain has joined Artemid as a partner. Lalain was previously head of fixed income at Assurances Crédit Mutuel. Artremid is a subsidiary of Capzanine and Amiral Gestion.
2 min read · 04 June 2018
Lyft is near a deal to buy Motivate in a deal valued at $250 million, The Information is reporting. Motivate, which operates as CitiBike in New York, runs some of the biggest U.S. bike share programs, the story said.
1 min read · 04 June 2018
Chainvine said June 4 that it raised a 2.5 million pound funding ($3.34 million) round led by Deepbridge Capital. Chainvine, of Stockholm and London, creates databases and ledgers using blockchain technology.
2 min read · 04 June 2018
Wheel Pros, a Clearlake Capital portfolio company, has closed its buy of Amcor Industries Inc, which does business as Gorilla Automotive Products. Financial terms weren’t announced. Gorilla, of Denver, designs, manufactures, and sells branded lug nuts, wheel locks, and accessories to retailers across North America. William Blair advised Wheel Pros.
3 min read · 04 June 2018
Matt Huang is leaving Sequoia Capital to start a new cryptocurrency fund with Fred Ehrsam, co-founder of Coinbase, the Wall Street Journal is reporting. Sequoia will continue to invest in blockchain-related technologies and is investing in Huang and Ehrsam's new fund, the story said.
1 min read · 04 June 2018
Tyson Foods Inc said June 1 that it agreed to sell Sara Lee frozen bakery and its Van’s businesses to Kohlberg & Co. Financial terms weren’t announced. The deal includes the Chef Pierre®, Bistro Collection® and Van’s® brands, and a license to use the Sara Lee® brand in certain channels. The transaction also includes Tyson’s Tarboro, North Carolina and Traverse City, Michigan prepared foods facilities and a sales office in Canada. Rothschild & Co advised Tyson.
3 min read · 04 June 2018
