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.
2 min read · 21 February 2017
KKR said Feb. 21 that it has agreed to buy up to 40 percent of Telxius for 1,275 million euros ($1.35 billion). Telefonica Group was the seller. Telxius is the telecommunications infrastructure company of the Telefónica. It owns and operates a portfolio of nearly 16,000 telecommunications towers in five countries.
3 min read · 21 February 2017
Industry Ventures LLC said Feb. 21 that Jonathan Roosevelt was named a venture partner while Kemper Ahl tapped to be business development associate. Industry Ventures also announced the following promotions: Robert May to managing director, chief operating/compliance officer; Aaron Hinz to VP of finance; Lena McNulty to manager of investor relations; and Brian Langner to senior associate.
3 min read · 21 February 2017
Hamilton Lane has set the terms of its IPO at 11.875 million shares at $15 to $17 each, according to a Feb. 16 regulatory filing. The asset manager will go public on the Nasdaq, the filing said. JP Morgan and Morgan Stanley are bookrunners on the transaction, the filing said. The Bala Cynwyd, Pennsylvania adviser filed to go public earlier this month.
1 min read · 20 February 2017
Carlyle Group’s founders collected nearly $212 million in dividends and other compensation in 2016, Financial News reported. David Rubenstein collected $73.1 million, while his co-founders, William Conway and Daniel D'Aniello, each earned $69.3 million in 2016, according to a regulatory filing. The $212 million is a 28 percent decline from 2015, the story said.
1 min read · 20 February 2017
Parkway Inc said Feb. 17 that it has sold a 49 percent stake in Greenway Plaza and Phoenix Tower for $512 million. TH Real Estate and Silverpeak is buying a 24.5 percent stake in Greenway, while CPPIB will have 24.5 percent. Parkway is expected to receive $315.8 million in net proceeds. The Greenway portfolio is a nearly 5 million square foot campus consisting of 11 office properties in Houston.
6 min read · 20 February 2017
TVSquared said Feb. 20 that it raised another $6.5 million led by West Coast Capital. also participating were Scottish Investment Bank and existing investors. TVSquared, of Edinburgh, Scotland, provides same-day measurement and optimization opportunities for TV advertisers.
3 min read · 20 February 2017
3 min read · 20 February 2017
2 min read · 17 February 2017
Evollve Inc said Feb. 15 that it raised $3 million in a Series A preferred funding round led by Tribeca Venture Partners. Evollve, of Redondo Beach, California, is the maker of the Ozobot smart robot.
3 min read · 16 February 2017
