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.
HgCapital Trust is exploring options for Lumesse, according to the Wall Street Journal. Jefferies is running the process, the story said. Lumesse is a European provider of HR software.
1 min read · 22 January 2018
Lindsay Goldberg is considering selling Dealer Tire, Bloomberg is reporting. The tire distributor could fetch more than $2 billion, the story said. Lindsay Goldberg has held talks with financial advisers about strategic options for the business and no final decision has been made, Bloomberg said.
1 min read · 22 January 2018
3 min read · 18 January 2018
Varo Money Inc said Jan. 18 that it raised $45 million in a round led by existing investors Warburg Pincus and The Rise Fund. Thirty additional participants, including angels, existing investors and management, took part in the round. Vero, of San Francisco, is a mobile banking startup. Read more about the funding round at Buyouts.
5 min read · 18 January 2018
3 min read · 18 January 2018
William Bain Jr passed away Tuesday, Jan. 16, the Wall Street Journal reported. Bain, who was 80, had been suffering from Alzheimer’s disease, the story said. He founded his own consulting company, Bain & Co, in 1973. He also founded Bain Capital in 1984 and installed Mitt Romney as its top executive, the WSJ said.
1 min read · 18 January 2018
Unitas Global said Jan. 17 that secured $10 million in growth capital led by Boathouse Capital. All of Unitas Global's existing institutional investors, including MK Capital, participated in the round. Unitas Global, of Los Angeles, provides cloud solutions to enterprise organizations.
3 min read · 18 January 2018
Partners Group said Jan. 18 that it sold its remaining stake in VAT Group AG. Financial terms weren’t announced. Vat, of Haag, Switzerland, produces vacuum valves used in portable electronic devices, flat-screen monitors or solar panels. Partners Group said the investment has generated a gross return of 6x on the original investment and a gross IRR of 74 percent.
3 min read · 18 January 2018
Ledger has raised a 56 million pound ($75 million) round led by Draper Esprit. Participating in the round were FirstMark Capital, Cathay Capital, and Korelya Capital. Existing investors, CapHorn Invest, GDTRE and Digital Currency Group, also took part in the round. Ledger, of Paris, is a cryptocurrency and blockchain security company. Draper Espirit said that its investment in Ledger came to 18 million pounds ($24 million).
3 min read · 18 January 2018
PM & Partners SGR said Jan. 18 that it sold Monviso Srl. Altabread, controlled by Céréa Partenaire, is the buyer. Financial terms weren’t announced. Monviso, of Piedmont, Italy, makes gourmet and healthy bread substitutes. Vitale & Co provided financial advice to the sellers while Gattai, Minoli, Agostinelli & Partners acted as legal adviser to PM & Partners. Andrea Pagliara and Adriano Adriani of Brera Financial Advisory provided financial advice to the buyers.
3 min read · 18 January 2018
