Private Equity
Scribd said Nov. 25 that it raised $58 million in funding led by Spectrum Equity. Scribd is an unlimited reading subscription service that provides access to books, audiobooks, news and magazine articles, documents and more.
3 min read · 25 November 2019
Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.
3 min read · 25 November 2019
NBC is a market leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and related merchandise with over 320 locations in the United States and Canada.
3 min read · 25 November 2019
KKR said Nov. 25 that it acquired four industrial distribution properties totaling approximately 641,400 square feet. The properties were acquired from three different sellers. Financial terms weren’t announced. The properties are located in Atlanta, Inland Empire, California and Orlando, Florida.
2 min read · 25 November 2019
KKR, a leading global investment firm, today announced it has entered into an agreement to acquire Novaria Group, a leading manufacturer of specialty aerospace hardware, from Rosewood Private Investments and Tailwind Advisors.
4 min read · 25 November 2019
Carlyle Group is considering bidding for Dr. Martens, the British bootmaker owned by Permira, Business of Fashion reported. Permira is targeting a 2020 exit of Dr. Martens and is considering an IPO or a sale, the story said. Dr. Martens could be valued at $1.2 billion, press reports said.
1 min read · 25 November 2019
Silver Lake is near a deal to buy First Advantage at more than $1.5 billion, Reuters reported. An announcement could come as early as this week, the story said. Symphony Technology Group acquired First Advantage in 2010 for $265 million.
1 min read · 25 November 2019
Goya has canned plans to sell itself to the Carlyle Group, the New York Post is reporting. Goya had been in late-stage talks to sell to Carlyle when the two sides came to loggerheads about the founding family’s role, the story said. Goya wanted a deal that would leave them at the helm, but Carlyle didn’t want to invest in the company at a high $3 billion to $4 billion valuation if it couldn’t run it, the NY Post said.
1 min read · 25 November 2019
The India-based payments announced that it raised a new round of funding from new investors, including funds advised by T. Rowe Price Associates.
2 min read · 24 November 2019
Bruce Kelleher, head of investment banking at BB&T, has left the IB after more than a decade, three sources said.
2 min read · 22 November 2019
