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.
3 min read · 19 March 2018
Blackstone CEO Stephen Schwarzman is getting more perks from the firm he founded, according to a story from the Wall Street Journal. As part of a new agreement with Blackstone, Schwarzman’s estate will be allowed to invest in or alongside BX funds without fees in the decade after his death, the WSJ said, citing a regulatory filing. Schwarzman also has free access to a car and driver for life, the story said. The executive, if and when he retires, will also be reimbursed for travel on behalf of Blackstone and entitled to legal representation for matters related to the firm, the WSJ said.
1 min read · 19 March 2018
CME Group Inc confirmed March 16 that it made a preliminary approach about a potential offer for NEX Group. Financial terms weren’t announced. NEX, of London, owns BrokerTec while CME owns the Chicago Mercantile Exchange.
2 min read · 19 March 2018
Spectrum Equity has invested in Origami Risk. Financial terms weren’t announced. Spectrum has a minority stake. Origami Risk, of Chicago, is a risk and insurance Software as a Service (SaaS) technology firm.
3 min read · 19 March 2018
Pinnacle Asset Management LP said March 16 that it acquired Five Rivers Cattle Feeding for about $200 million. JBS USA was the seller. Five Rivers, of Greeley, Colorado, is a cattle feeding operation.
3 min read · 19 March 2018
Rob Young has joined OpenGate Capital as a principal. He was previously with Marlin Equity Partners, where he was a vice president, his bio on the OpenGate site said.
1 min read · 19 March 2018
ZMC has invested in Dynasty Sports and Entertainment. Financial terms weren’t announced. Dynasty, of Boca Raton, Florida, provides ticket pricing, yield optimization and analytics services for professional sports teams and other live events rights holders. J2 Advisors and Comiter, Singer, Baseman & Braun LLP acted as legal advisers, while Lincoln International LLC provided financial advice to Dynasty. Lowenstein Sandler LLP acted as legal adviser to ZMC.
3 min read · 19 March 2018
3 min read · 19 March 2018
3 min read · 15 March 2018
Tritium Partners has invested in RateGenius Inc through a recapitalization. Financial terms weren’t announced. RateGenius, of Austin, is an online auto loan refinance origination and marketplace platform.
3 min read · 15 March 2018
