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.
KKR is trying to persuade Apple Inc to switch sides and join the buyout shop in its bid for Toshiba Corp’s flash memory chip business, Bloomberg is reporting. Toshiba last week agreed to sell the chip unit to a group led by Bain Capital for $18 billion. The Bain group includes Dell Inc, SK Hynix Inc and Seagate Technology plc. Apple has to agree to final terms and is negotiating the volume of chips to be provided, Bloomberg said.
1 min read · 26 September 2017
Deliveroo said Sept. 24 that it raised $358 million in new funding led by T. Rowe Price Associates Inc and Fidelity Management & Research Company. Existing investors DST Global, General Catalyst, Index Ventures, and Accel Partners are also investing. Deliveroo, of London, is an online food delivery company.
3 min read · 25 September 2017
Analytical Space said Sept. 25 that it has raised $3.5 million in seed funding led by The Engine and Space Angels. NXT Ventures participated as well as Flybridge Capital Partners, Shasta Ventures, Yard Ventures, Dream Incubator, and Dorm Room Fund. Analytical Space, of Cambridge, Massachusetts, is building a commercial optical communication data relay network in low Earth orbit.
3 min read · 25 September 2017
Inflexion Private Equity has acquired Xtrac. Financial terms weren’t announced. Xtrac, of the U.K., designs and makes motorsport & high performance automotive transmissions. Cavendish Corporate Finance advised Xtrac.
3 min read · 25 September 2017
2 min read · 22 September 2017
2 min read · 21 September 2017
Activehours said Sept. 21 that it raised $39 million in funding led by Andreessen Horowitz. Matrix Partners, Ribbit Capital and March Capital Partners also participated. Activehours, of Palo Alto, is a mobile app that lets people access their pay directly from their smartphones.
3 min read · 21 September 2017
BGL Real Estate Partners said Sept. 21 that it has sold the Kleiman | Evangelista Eye Center to Inland Private Capital. Financial terms weren’t announced. Kleiman | Evangelista, of Arlington, Texas, is a physician-owned outpatient surgical center specializing in ophthalmology care.
3 min read · 21 September 2017
Jessica Jackley has joined SparkLabs Global Ventures as a venture partner. Jackley is the co-founder of Kiva, a p2p microlending website that aims to provide people with affordable capital to start or expand a small business.
2 min read · 21 September 2017
Falfurrias Capital Partners said Sept. 21 that it has invested in SixAxis LLC. Financial terms weren’t announced. SixAxis, of Andrews, South Carolina, designs and produces metal stairs and platforms, rolling and mobile assembly and maintenance platforms, bulk loading platforms, and other equipment that aims to help customers with safety and efficiency.
4 min read · 21 September 2017
