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.
Toshiba Corp has mostly given up on the $18 billion sale of its chip unit to a Bain Capital-led group, because Chinese antitrust approval is unlikely to come soon, the Wall Street Journal reported May 9. Toshiba in September agreed to sell its NAND flash-memory unit to the Bain group, but the deal has been waiting for approval from antitrust regulators in China, the story said.
1 min read · 09 May 2018
Rootility said May 9 that it raised $10 million in Series C financing led by ADM Capital’s Cibus fund. Also participating are existing investors GreenSoil Investments and Middleland Capital. Rootility, of Tel Aviv, Israel, develops root-focused plant breeding methods.
3 min read · 09 May 2018
Linden Capital Partners said May 8 that its fourth private equity fund closed on $1.5 billion. Linden Capital Partners IV was oversubscribed, exceeding its $1.25 billion target. The fund will target middle market healthcare companies in the services, medical products, specialty distribution, and pharmaceutical sectors, among others. Kirkland & Ellis LLP provided legal advice to Linden, while Park Hill Group LLC served as placement advisor.
2 min read · 09 May 2018
2 min read · 01 May 2018
2 min read · 01 May 2018
The Securities and Exchange Commission has fined Welsh, Carson, Anderson & Stowe for failing to disclose to investors the fees it received for buying items in bulk from an unnamed service provider, the Wall Street Journal reported April 26. Welsh Carson has agreed to pay $779,000 for failing to disclose the conflict of interest created by the fees, the story said.
1 min read · 30 April 2018
Insight Venture Partners and Ireland Strategic Investment Fund have completed an investment in AMCS. Financial terms term weren’t announced. AMC, of Limerick, Ireland, provides software and technology to the resource management, waste collection and recycling industry. Insight Venture Partners invested in AMCS back in 2015.
4 min read · 30 April 2018
Baidu Inc said April 29 that it is selling a majority of financial services business to an investor group led by TPG and Carlyle Group for about $1.9 billion. Baidu will have 42 percent of the unit, renamed Du Xiaoman Financial, which provides consumer credit, wealth management and other financial services. Other investors include Taikang Group and ABC International Holdings.
4 min read · 30 April 2018
A group led by CITIC Capital Holdings Ltd and Caixin Global have close their buy of the Global Marketing Intelligence Division (GMID) of Euromoney Institutional Investor PLC for $180.5 million. GMID is a financial information database operator.
3 min read · 30 April 2018
6 min read · 27 April 2018
