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.
2 min read · 03 November 2017
5 min read · 03 November 2017
IVP and Old Mutual Global Investors led a $280 million round for TransferWise. Sapphire Ventures, a new investor, participated in the round, while existing investors Richard Branson, Andreessen Horowitz and Baillie Gifford all reinvested. TransferWise, of London, is a money transfer company.
3 min read · 02 November 2017
Sentinel Capital Partners has acquired Nekoosa. Financial terms weren’t announced. Nekoosa, of Nekoosa, Wisconsin, makes specialty paper and film products used in the graphics and commercial print markets.
3 min read · 02 November 2017
AC&A Enterprises LLC, a portfolio company of AE Industrial Partners LLC, acquired Applied Composites Engineering Inc. Financial terms weren’t announced. Applied Composites, of Indianapolis, Indiana, provides advanced composites solutions to aerospace and defense original equipment manufacturers.
3 min read · 02 November 2017
HEPACO LLC, a portfolio company of Gryphon Investors, has acquired Emergency Response & Training Solutions. Financial terms weren’t announced. Emerging Response, of Jacksonville, Florida, provides emergency response services to Fortune 500 companies through a national network of third-party vendors. Maloney + Novotny acted as financial adviser to ERTS. McDonald Hopkins LLC provided legal advice to ERTS, while Moore & Van Allen PLLC provided legal advice to HEPACO.
4 min read · 02 November 2017
Quadrant Private Equity is gearing up for another quick fundraise, targeting A$1 billion ($770 million) for its ninth offering, Private Equity International reported. The firm is in talks with investors and expects to hold another “one and done” for Quadrant Private Equity No. 6 by Christmas, the story said.
1 min read · 02 November 2017
TransferWise has raised $280 million (£211.2 million) in funding from investors Old Mutual Global Investors and IVP, Business Insider reported. TransferWise, of London, enables individuals and businesses to send money overseas more cheaply using a peer-to-peer transfer system. Buyouts in August reported that TransferWise was fundraising, seeking $50 million to $100 million.
1 min read · 02 November 2017
Novartis AG is considering a sale of its dermatology generics drugs business and the unit could be valued at between $1 billion to $1.5 billion, Bloomberg said. The assets for sale include skin-care treatments and some manufacturing facilities, the story said. Private equity and other drug makers are expected to be interested, the report said.
1 min read · 02 November 2017
2 min read · 01 November 2017
