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.
Olivier Sarkozy has raised about $400 million for his new PE fund, Bloomberg reported Feb. 2. Sarkozy’s firm, Further Global Capital Management, is targeting $1.25 billion for its debut fund; investors have to commit a minimum of $10 million, the story said, citing an SEC filing. Sarkozy is the former head of Carlyle’s financial services group.
1 min read · 05 February 2018
Some of the largest private equity funds are jockeying to buy a large chunk of Dutch paint maker Akzo Nobel for as much as €10 billion ($12.5 billion), the Financial Times reported. The bidders include Carlyle; a consortium of Advent and Bain; another group including Apollo and German specialty chemicals producer Lanxess; and Hal Investments of the Netherlands, the story said. Final bids are due mid-March, the FT said.
1 min read · 05 February 2018
Quantum Capital Partners said Feb. 5 that it closed its second fund at its 77.5 million euros ($96.6 million) hard cap. Quantum, of Munich, invests in challenging situations and complex carve-out opportunities in Continental Europe. The firm’s first fund raised 55 million euros in 2014. Triago advised on both funds.
2 min read · 05 February 2018
Bon-Ton Stores Inc has filed for Chapter 11 bankruptcy protection, the Wall Street Journal reported. The retailer, which owns 260 stores, said it would close 42 of them across the Northeast and Midwest, the story said. Bon-Ton held talks with Sycamore Partners last year, Bloomberg said.
1 min read · 05 February 2018
2 min read · 02 February 2018
2 min read · 01 February 2018
Jeff Immelt has joined New Enterprise Associates as a venture partner. Immelt recently retired from his role as chairman and CEO of GE after 16 years.
3 min read · 01 February 2018
Accel-KKR said Feb. 1 that it completed the sale of PageUp People. Financial terms weren’t announced. PageUp, of Melbourne, Australia, provides human resources management software. Battery Ventures last month said it was investing in PageUp.
3 min read · 01 February 2018
Campbell Lutyens said Feb. 1 that it Guillermo Marroquin was named head of North American real assets. Marroquin spent the last four years at Macquarie Infrastructure & Real Assets, where he was a managing director.
3 min read · 01 February 2018
Melissa Bethell has stepped down from her role as managing director at Bain Capital, Private Equity News said. Bethell joined Bain in 1999 and is one of firm’s most senior deal makers in Europe, the story said. The change after the firm in 2017 named Robin Marshall, Stuart Gent and Michael Siefke as co-heads of the firm's European private-equity team, the story said.
1 min read · 01 February 2018
