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.
2 min read · 22 March 2018
Tripp Smith, who co-founded GSO Capital Partners, is leaving Blackstone Group, Bloomberg is reporting. He will remain with GSO until the end of June and then pursue other opportunities, the story said. Blackstone bought GSO, a leading credit investor with $138 billion in total assets under management, in 2008.
1 min read · 22 March 2018
Matillion said March 22 that it raised $20 million in a Series B round led by Sapphire Ventures. Existing investor YFM Equity Partners also participated. Matillion, of U.K., is a software company that provides ELT solutions for cloud data platforms.
4 min read · 22 March 2018
Meredith Corp is selling four magazines and immediately laying off 200 employees, the New York Times said. The magazines up for sale include Time, Sports Illustrated, Fortune and Money, the story said.
1 min read · 22 March 2018
Nordic Capital has dropped out of the auction to buy the European generics business of Sanofi because of high price expectations, the Financial Times reported. Advent International, BC Partners and Carlyle Group made it to the second round, the story said. Sanofi’s generics business was expected to sell for 2 billion euros.
1 min read · 22 March 2018
Averys, an Equistone Partners Europe portfolio company, has acquired Storax. Financial terms weren’t announced. Ramada Aços Group SA is the seller. Storax, of Portugal, provides industrial racking and shelving systems.
2 min read · 22 March 2018
2 min read · 21 March 2018
2 min read · 21 March 2018
Blackstone and Thomson Reuters Corp are considering an initial public offering or sale of their stake in Tradeweb Markets LLC, Bloomberg reported. The firms have held talks with Tradeweb shareholders, which include Deutsche Bank, UBS and Royal Bank of Scotland, about selling the company or taking it public this year, the story said. Any sale or IPO won’t happen until U.S. private equity firm Blackstone completes its acquisition of Thomson Reuters' financial and risk unit, Bloomberg said. Tradeweb, a New York bond trading platform, could be valued at more than US$4 billion in an IPO or sale.
1 min read · 21 March 2018
Scott Kania has succeeded Raegan Moya-Jones as CEO of aden + anais, a company spokeswoman said in an email to Buyouts. Moya-Jones, who founded aden + anais, is no longer part of the company’s day-to-day, the message said. Swander Pace Capital acquired a majority of aden + anais, which is known for its muslin baby swaddles, in 2014, PitchBook said. Kania will continue to oversee aden + anais’ HR, operations/logistics, IT and the international regions; he will also be responsible for the overall direction and performance of the business, the spokeswoman said. The email confirms a March 20 report from Mergermarket, which said Moya-Jones didn’t agree with the direction of aden + anais’ business and was let go on March 14. Mergermarket is part of Acuris.
1 min read · 21 March 2018
