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.
Honeywell International, Goldman Sachs Group Inc’s private equity arm and an investor group including CVC Capital Partners and Hitachi Ltd have made bids for Toshiba Corp.’s Landis+Gyr, Bloomberg reported.
1 min read · 15 June 2017
2 min read · 14 June 2017
Great Hill Partners has invested in Quantum Health Inc through a recapitalization. Financial terms weren’t announced. Quantum, of Columbus, Ohio, is a patient-care-coordination provider backed by GE Ventures and Altaris. News of the auction was reported by Buyouts in March.
3 min read · 14 June 2017
AEye Inc said June 13 that it raised $16 million in a Series A round from Kleiner Perkins Caufield & Byers, Airbus Ventures, Intel Capital, Tyche Partners and others. AEye, of Pleasanton, California, is developing advanced vision hardware, software and algorithms that aim to act as the eyes and visual cortex of autonomous vehicles.
3 min read · 14 June 2017
Ares Management LP and TruAmerica Multifamily have acquired Broadstone Gateway for $30.75 million. Broadstone Gate, of Phoenix, is a 240-unit family community. Steve Gebing and Cliff David of Institutional Property Advisors represented both parties in the transaction.
3 min read · 14 June 2017
KKR said June 14 that 100 percent of Q-Park NV shareholders have accepted its offer to buy the company. In May, KKR agreed to buy Q-Park, a Dutch car park operator. The deal has an enterprise value of 2.95 billion euros ($3.31 billion), including debt.
3 min read · 14 June 2017
Preston McKenzie and Eric Spiegel have joined General Atlantic as special advisers. McKenzie is the former CEO of Newscycle Solutions, while Spiegel is ex-president and CEO of Siemens USA.
3 min read · 14 June 2017
Misys, a portfolio company of Vista Equity Partners, has combined with D+H and will operate under the name Finastra. Nadeem Syed will be CEO of Finastra, a leading financial services company with about 10,000 employees and $2.1 billion in revenue. In March, Vista agreed to buy D+H in a deal valued at $2.03 billion.
3 min read · 14 June 2017
Peter Freire has stepped down as CEO of trade organization Institutional Limited Partners Association, according to a June 12 letter to members. Tanya Carmichael, ILPA chair, said in the letter that Jennifer Choi, managing director, industry affairs, would assume day-to-day management responsibility of ILPA until an interim CEO is named. Freire, a long-time veteran of CEB, joined ILPA in 2015, when he replaced Kathy Jeramaz-Larson as head of the industry group.
2 min read · 13 June 2017
J.Crew Group said June 12 that it has launched a debt swap to exchange $566.6 million in debt due 2019 for an equity stake in the company and bonds that mature in 2021. At least 95 percent of J.Crew bondholders must agree to the proposal, Bloomberg said. J.Crew, which has more than $2 billion in debt, has been negotiating with lenders to refinance its debt, the Wall Street Journal said. Leonard Green & Partners and TPG Capital acquired J.Crew in 2010 in a $3 billion take-private. Last week, J.Crew said Mickey Drexler would step down as CEO but remain chairman, according to press reports.
10 min read · 13 June 2017
