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.
Harvest Capital Strategies LLC has made a minority investment in Astor Investment Management LLC. Financial terms weren’t announced. Astor, of Chicago, is a registered investment advisor with $1.9 billion of assets under management. Harvest Capital is the asset management subsidiary of JMP Group LLC.
2 min read · 28 November 2017
Temasek Holdings Pte is in talks with advisers about a potential sale of its stake in Asian drug distributor Zuellig Pharma, Bloomberg reported. Temasek may seek $1 billion for its roughly 20 percent stake of Zuellig, the story said. The auction is expected to draw interest from private equity firms and strategics, including Mitsui & Co, Bloomberg said.
1 min read · 28 November 2017
Pearson has agreed to sell Wall Street English to a consortium including Baring Private Equity Asia and CITIC Capital. The transaction is expected to generate gross cash to Pearson of around $300 million. Wall Street English, of Barcelona, provides English language education through 400 learning centers. Moelis & Company acted as financial adviser to Pearson.
2 min read · 27 November 2017
IK Investment Partners said Nov. 27 that it agreed to sell Ramudden Group to Triton. Financial terms weren’t announced. Ramudden provides work zone safety products for the road, construction and industrial sectors.
2 min read · 27 November 2017
IK Investment Partners has agreed to sell svt Group to Ergon Capital Partners. Financial terms weren’t announced. Svt Group, of Germany, provides passive fire protection products and services, as well as restoration management services.
3 min read · 27 November 2017
3 min read · 22 November 2017
Buildup said Nov. 22 that it raised $7 million in a Series A round. Investors include TLV Partners, UpWest Labs, 01Ventures, Abstract Ventures, as well as Check founders Guy Goldstein and Ahikam Kaufman. Buildup, of Palo Alto, California, provides a mobile collaboration and task management platform for construction jobsites.
4 min read · 22 November 2017
Leeds Equity Partners LLC said Nov. 21 that it has invested in Fusion Education Group. Financial terms weren’t announced. Fusion Education, of Grand Rapids, Michigan, operates private middle and high schools that offer individualized education. Goodwin Procter provided legal advice to Leeds Equity Partners. William Blair served as adviser and K&L Gates served as legal counsel for Fusion.
3 min read · 22 November 2017
Divergent 3D said Nov. 21 that it raised $65 million in a Series B round led by O Luxe Holdings Ltd. Other investors include Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. The round includes an investor option to add $40 million. Divergent 3D is a technology development and licensing platform.
4 min read · 22 November 2017
IK Investment Partners has agreed to buy Studienkreis GmbH. Financial terms weren’t announced. Studienkreis, of Bochum, Germany, provides tutoring services to primary and secondary school students through a network of 1,000 learning centers.
3 min read · 22 November 2017
