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.
Dole Food Co is up for sale, the Wall Street Journal reported. Dole, which filed months ago to go public, has received first round bids, the story said. PE firms are among those that have expressed interest, the WSJ said. Dole’s adjusted EBITDA was $215.6 million, the story said. Morgan Stanley and Deutsche Bank are advising.
1 min read · 15 September 2017
SoftBank is in talks to invest as much as $10 billion in Uber, the Wall Street Journal said. SoftBank and its Vision Fund are looking to buy from 17 percent to 22 percent of Uber, through a combination of share purchases from the company and a tender offer to employees and investors, the story said. The tender offer would represent a 30 percent discount or more from Uber’s last valuation, the WSJ said. SoftBank would also get two board seats.
1 min read · 15 September 2017
2 min read · 14 September 2017
Swirlds said Sept. 14 that it raised $3 million in seed funding led by New Enterprise Associates. Swirlds, of College Station, Texas, provides a software platform to build applications that use the cloud without servers.
3 min read · 14 September 2017
SES, the satellite operator, said Sept. 14 that it is investing in Seraphim Capital’s space fund. Financial terms weren’t announced. The fund aims to invest in projects that are commercializing data about the Earth, collected by either satellite or remotely piloted aircraft systems.
2 min read · 14 September 2017
Continental Services, a portfolio company of New Heritage Capital, has acquired Satellite Vending Co. Financial terms weren’t announced. Satellite, of Detroit, provides vending, micro-market and office coffee services.
2 min read · 14 September 2017
2 min read · 13 September 2017
Bain Capital has raised $9.4 billion for its next North American buyout fund in about five months, Bloomberg is reporting. Bain has surpassed its $7 billion target for the pool and has hit its $8 billion hard cap. Bain employees contributed $1.4 billion, or 15 percent, Bloomberg said.
1 min read · 13 September 2017
Abernathy MacGregor said Sept. that Patrick Clifford, Dana Gorman, Kate Murray and Pat Tucker were promoted to managing director. Abernathy is a strategic communications advisory firm.
3 min read · 13 September 2017
Clearlake Capital Group LP said Sept. 13 that it has sold Calero Software LLC to Riverside Partners. Financial terms weren’t announced. Calero, of Rochester, New York, provides communications lifecycle management solutions. Harris Williams and SunTrust Robinson Humphrey advised Calero in the sale to Riverside Partners.
3 min read · 13 September 2017
