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.
Mecadaq Group, an Activa Capital portfolio company, is buying Hirschler Manufacturing Inc. Financial terms weren’t announced. Hirschler, of Kirkland, Washington, produces high-precision mechanical parts made from hard metals such as titanium, stainless steel, and inconel.
2 min read · 17 May 2018
Two large technology focused PE firms are out fundraising, the Wall Street Journal reported. Vista Equity Partners Management is looking to raise $12 billion for its latest flagship, while Thoma Bravo LLC is seeking around $10 billion, the story said.
1 min read · 17 May 2018
OpenClassrooms said May 16 that it raised $60 million in Series B Funding led by General Atlantic. Three existing investors also took part. OpenClassrooms, of Paris and London, is an online higher education platform.
4 min read · 17 May 2018
KKR said May 17 that John Pattar has joined as a member and head of KKR’s real estate business in Asia Pacific. Pattar was previously with CLSA Capital Partners in Hong Kong, where he was the CEO of CLSA Real Estate.
4 min read · 17 May 2018
Lendix said May 17 that Luuc Mannaerts was named CEO of Lendix Nederland. Mannaerts was previously CEO of ABN AMRO Commercial Finance, an ABN AMRO subsidiary.
2 min read · 17 May 2018
IVP and Canada Pension Plan Investment Board have invested $120 million in Lulus, a digitally native apparel brand for women. It’s unclear how much of Lulus IVP and CPPIB own. HIG Growth Partners invested in Lulus in 2014.
5 min read · 16 May 2018
EQT said May 16 that it agreed to sell HTL-Strefa SA to Investindustrial. Financial terms weren’t announced. HTL-Strefa, of Ozorków, Poland, is a medical device company. EQT was advised by J.P. Morgan, Kirkland & Ellis and EY.
3 min read · 16 May 2018
Clinical Innovations, an EQT portfolio company, said May 16 that Michael Behling has joined as CFO. Behling previously served in CFO and chief accounting officer roles at Lasko Products, Light Wave Dental and Imaging Advantage.
3 min read · 16 May 2018
DCP Capital has agreed to invest in Venus Medtech. Financial terms weren’t announced. Venus Medtech, of Hangzhou, China, develops heart valves. Haoyue Capital provided financial advice.
4 min read · 16 May 2018
David Tepper is buying the Carolina Panthers franchise for $2.2 billion, the Associated Press is reporting. Jerry Richardson, Panthers team founder, is the seller, the story said. The $2.2 billion is the most ever paid for an NFL franchise, the AP said. Tepper is the co-founder Appaloosa Management, a hedge fund.
1 min read · 16 May 2018
