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.
Blackstone Group is looking to sell its European warehouse property arm, Logicor, through an IPO or a sale, according to the Wall Street Journal. Either route is likely to result in a deal of more than 10 billion euros ($10.8 billion), the story said.
1 min read · 22 March 2017
Gro Solutions said March 20 that it raised $4.25 million in funding led by TTV Capital. Also participating were BIP Capital, C&B Capital and BLH Venture Partners. Gro, of Atlanta, provides digital growth solutions for banks and credit unions.
3 min read · 21 March 2017
H.I.G. Capital said March 20 that Daniel Nader has joined as a Principal of the H.I.G. Latin America team. Prior to H.I.G., Nader was a partner of GP Investments Real Estate.
3 min read · 21 March 2017
H.I.G. Capital LLC said March 21 that it sold a portfolio of 26 light industrial multi-let properties with a total size of 264,000 sqm to Blackstone. Financial terms were not disclosed. H.I.G. said it bought the portfolio in 3 tranches in 2013 and 2014, which consisted mainly of multi-let industrial assets in the Netherlands.
2 min read · 21 March 2017
Lightpost Digital said March 20 that raised a new round of funding from Canal Partners and DWP Investments. Financial terms weren’t announced. Lightpost, of San Diego, provies online marketing solutions.
3 min read · 21 March 2017
2 min read · 20 March 2017
Cision, a GTCR portfolio company, is merging with Capitol Acquisition Corp. III, a blank check company from Mark Ein. Cision will own 68 percent of the combined company once the deal closes, while Capital will own 32 percent. Cision, a public relations software provider, will become publicly listed with the deal and have an initial enterprise value of about $2.4 billion. Citigroup Global Markets Inc, Deutsche Bank Securities Inc and Credit Suisse served as financial and capital markets advisors to Capitol. PJT Partners served as financial advisor to Cision. Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol while Kirkland & Ellis LLP acted as legal advisor to Cision.
9 min read · 20 March 2017
Advicenne said March 20 that it closed a 16 million euro ($17.2 million) financing round led by IRDI SORIDEC Gestion, Cemag Invest and MI Care. Also participating were existing investors InnoBio (Bpifrance) and IXO Private Equity together with private individuals. Advicenne, of Nimes, France, a late-stage biopharmaceutical company focused on the development of paediatric friendly therapeutics for the treatment of orphan renal and neurological diseases.
2 min read · 20 March 2017
3 min read · 17 March 2017
CreditEase Fintech Investment Fund said March 16 that it has invested in the Series C financing round of Trumid, Series B financing round of WeConvene and the Seed financing round of WorldCover. Financial terms were not announced. CreditEase Fintech is a venture fund that invests in growth-stage fintech companies in China and globally.
5 min read · 16 March 2017
