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.
To start your morning, we have news that Amazon has over 100 million paid prime members, Uber picks VMware Inc’s Zane Rowe as its top candidate for CFO, and we find out who is the pilot that landed that damaged Southwest plane.
1 min read · 19 April 2018
RealSelf Inc said April 19 that it raised $40 million in a funding round led by Elephant. Other investors were not disclosed. Andy Hunt, Elephant co-founder, who also co-founded Warby Parker in 2010, will join the RealSelf board. RealSelf, of Seattle, is an online marketplace for people to learn and share experiences about elective cosmetic procedures.
4 min read · 19 April 2018
Athora Holding Ltd, a portfolio company of Apollo Global Management, is buying Generali Belgium SA for about 540 million euro ($668.5 million). Generali Belgium provides insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Goldman Sachs International and Mediobanca served as financial advisors and Allen & Overy served as legal counsel to Athora.
3 min read · 18 April 2018
Madison Dearborn Partners has acquired Remote DBA Experts LLC. Financial terms weren’t announced. RDX’s management will retain a stake. RDX, of Pittsburgh, provides database infrastructure and cloud management providers in North America.
3 min read · 18 April 2018
SquareFoot said April 18 that it raised $7 million in a series A round led by Rosecliff Ventures. Also participating were Triangle Peak Partners, RRE Ventures, Primary Venture Partners, Armory Square Ventures, Entrepreneurs Roundtable Accelerator, among others. SquareFoot, of New York, is a commercial real estate technology company.
3 min read · 18 April 2018
BeBop Sensors Inc said April 18 that it raised more than $10 million in a Series A round led by Bullpen Capital. BeBop, of Berkeley, California, provides smart fabric sensors.
4 min read · 18 April 2018
Kohlberg & Company has agreed to buy Cadence Inc. Financial terms weren’t announced. Cadence, of Staunton, Virginia, provides complex high-precision components and finished devices for advanced surgical and specialty industrial applications. Piper Jaffray provided financial advice to Cadence, while DLA Piper LLP (US) served as legal adviser to Cadence. Baird served as financial adviser, while Ropes & Gray LLP was the attorney for Kohlberg.
3 min read · 18 April 2018
The Riverside Co has invested in Spirion LLC. Financial terms weren’t announced. Spirion, of St. Petersburg, Florida, provides sensitive data risk reduction solutions.
3 min read · 18 April 2018
Celestica Inc is buying Atrenne Integrated Solutions Inc for $139 million. Atrenne is a portfolio company of RFE Investment Partners LLC. Atrenne, of New Hope, Minnesota, designs and makes ruggedized electromechanical solutions, primarily for the aerospace and defense markets. Lincoln International provided financial advice to RFE and Atrenne.
2 min read · 18 April 2018
Atalaya Capital Management is investing in Point and is buying up to $150 million the company’s structured home equity investment instruments. Point, of Palo Alto, California, invests in real-estate properties, particularly houses and condos owned by consumers. Point's investors include Andreessen Horowitz, Ribbit Capital, Bloomberg Beta, Vikram Pandit and Laurence Tosi.
3 min read · 18 April 2018
