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.
ACT said Aug. 1 that it invested $10.5 million in New Markets Venture Partners. New Markets, of Fulton, Maryland, is an education technology-focused venture firm.
3 min read · 01 August 2017
2 min read · 31 July 2017
Evotec AG said July 30 that it is buying Aptuit for $300 million. Welsh, Carson, Anderson & Stowe is the seller. Aptuit provides early discovery to mid-phase drug development services in the biotech and pharmaceutical industry.
8 min read · 31 July 2017
Redevco Iberian Ventures has acquired Mercado San Miguel for 70 million euros ($82.1 million). The seller is a consortium of private Spanish investors. Mercado San Miguel is a food market located in San Miguel Plaza in Madrid. Redevco Iberian Ventures is a joint venture between Redevco and Ares Management. DLA Piper and KPMG advised Redevco Iberian Ventures. The seller was advised by Aguirre Newman and Freshfields.
3 min read · 31 July 2017
H.I.G. Capital said July 31 that it sold its portfolio company Albertville Quality Foods Inc to OK Foods, a subsidiary of Industrias Bachoco SAB. Financial terms weren’t announced. Albertville Quality Foods, of Albertville, Alabama, processes poultry and other protein-based products.
3 min read · 31 July 2017
SoundCloud is near separate deals to sell stakes in the company to two private equity firms, Bloomberg is reporting. The two firms would own a combined majority of the music-streaming service, the story said. The names of the firms were not disclosed nor the size of the transactions, Bloomberg said.
1 min read · 31 July 2017
3 min read · 28 July 2017
The Abraaj Group said July 27 that it has acquired a minority stake in Netlog Lojistik Hizmetleri AS. Financial terms weren’t announced. Netlog, of Istanbul, is an integrated logistics company.
4 min read · 27 July 2017
Daiwa Securities Group Inc has agreed to buy Sagent Advisors and Signal Hill Holdings LLC. Financial terms weren’t announced although press reports pegged the deal at 10 billion yen ($90 million). Both Sagent and Signal Hill are U.S. investment banks. Morrison & Foerster LLP provided legal advice to Daiwa, while Gibson, Dunn & Crutcher LLP acted as the attorney for Sagent and DLA Piper (US) LLP for Signal Hill.
4 min read · 27 July 2017
Vicarious said July 25 that it raised a $50 million Series C round led by Khosla Ventures. Vicarious is developing artificial general intelligence for robots.
2 min read · 26 July 2017
