Luisa Beltran

Midwest Composite buys Fathom

Midwest Composite Technologies, a portfolio company of Core Industrial Partners, has acquired Fathom. Financial terms weren’t announced. Fathom is an advanced manufacturer with an expertise in 3D printing and additive manufacturing.

Silver Lake in talks to invest in TEG: Financial Review

Affinity Equity Partners is in talks to sell its stake in TEG in a $1 billion-plus deal, the Financial Review said. Silver Lake is in discussions to buy Affinity’s holding in TEG, an Australian ticketing and live entertainment business, the story said.

SoftBank weighs investing another $1 bln or more to WeWork: Financial Times

SoftBank is considering putting in an extra $1 billion or more to WeWork by changing the terms of a warrant agreement it struck this year with the company, the Financial Times is reporting. A SoftBank equity investment would unlock additional financing options for WeWork, which is in talks for a $3 billion to $4 billion loan from a consortium of bank, the story said.

PE HUB Wire Highlights, 9.23.19

TA, Thoma Bravo help kick off ultra-early PE recruiting "circus"; Vista's Smith gifts $34 mln to Morehouse

Palantir Tech seeks $26 bln valuation with new funding round: Financial Times

Palantir Technologies is seeking funding from private investors that values the data company company founded by Peter Thiel at $26 billion, the Financial Times reported. Palantir has pushed off plans for an IPO, which is now expected in two to three years, the story said.

Carlyle considers selling Golden Goose: Bloomberg

Carlyle Group is weighing a sale of Golden Goose, Bloomberg reported. The PE firm is working with Bank of America on a potential deal; Golden Goose, an Italian luxury sneaker brand, could sell for more than 1 billion euros ($1.1 billion), the story said.

Fitbit considers sale: Reuters

Fitbit Inc is weighing a sale and is in talks with an investment bank, Reuters reported. Fitbit, a wearable device maker, has held talks with Qatalyst Partners about whether it should engage with potential acquirers, the story said. A sale could attract Google’s parent Alphabet and PE firms, Reuters said.

Vedanta Biosciences raises $16.6 mln

Vedanta Biosciences said Sept. 23 that it raised $16.6 million in Series C-2 financing. Participants include QUAD Investment Management, SV Investment Corp, Shinhan Investment-Private Equity, Shinhan Capital-Yeollim Partners, Partners Investment Co Ltd, FC Capital, and SymBiosis LLC, who joined the previously announced Series C investors, including the Bill & Melinda Gates Foundation, Bristol-Myers Squibb, Rock Springs Capital, JSR Corp, Shumway Capital, Invesco Asset Management, Health for Life (Seventure Partners), and founder PureTech Health. Vedanta is developing therapies for immune-mediated diseases based on rationally-defined consortia of human microbiome-derived bacteria.

Pallesen joins H.I.G. Capital

H.I.G. Capital said Sept. 23 that it hired Ed Pallesen to lead its infrastructure team in the U.S. Pallesen was previously a managing director at Goldman Sachs, where he led the Americas team at the Goldman Sachs Infrastructure fund.

Thomas Cook, British tour company, collapses: press reports

Thomas Cook, the British tour operator, has collapsed, press reports said. Thomas Cook is entering in “compulsory liquidation with immediate effect” after talks for a financial rescue failed, CNN reported. All Thomas Cook bookings have been canceled, CNN said.