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.
Accel-KKR said Aug. 15 that it completed the sale of Jaggaer to Cinven. Financial terms weren’t announced. Cinven has a controlling stake in Jaggaer, while Accel-KKR has retained a minority. Jaggaer, of Research Triangle Park, North Carolina, provides procurement software for large and medium-sized businesses. The sale was announced in July.
3 min read · 15 August 2019
2 min read · 15 August 2019
Oakley Capital agreed to buy a majority of Seven Miles GmbH. Financial terms weren’t announced. Seven Miles, of Düsseldorf, Germany, provides physical and digital gift card.
2 min read · 15 August 2019
Ackman's Pershing Square said to buy Berkshire Hathaway stake; Providence prepares launch of first Europe-focused growth fund; Houlihan Lokey expands fintech team
2 min read · 15 August 2019
Genstar Capital said Aug. 15 that Rick Taketa has joined as a member of the firm’s strategic advisory board. Taketa is president of Taketa Capital, a small family office.
2 min read · 15 August 2019
Buoy Health said Thursday that it raised a $15 million Series B round led by Bill Hambrecht. Buoy, of Boston, is a health platform that uses AI to provide clinical support to users when they have a healthcare concern.
3 min read · 15 August 2019
The investor group that owns Ancestry.com is looking to pull out more than $900 million from the company through a special dividend funded by new loans, Bloomberg reported. The group, which is seeking approval for another one-time distribution before year end, includes GIC and Silver Lake Management LLC, the story said.
1 min read · 15 August 2019
KKR is weighing a sale of LGC Group, which could fetch more than 1 billion pounds ($1.2 billion), Bloomberg reported. KKR is talking to advisers as it reviews its holding in LGC, a British scientific measurement and testing company, the story said.
1 min read · 15 August 2019
VMware Inc is in talks to buy Pivotal Software Inc at $15 a share, Reuters reported. Dell Technologies Inc is the controlling stockholder for both the companies, the story said.
1 min read · 15 August 2019
Pershing Square, the hedge fund from Bill Ackman, has invested in Berkshire Hathaway, the Financial Times reported. Pershing is one of the 50 largest holders of class B Berkshire shares; its stake was worth $688 million as of Wednesday, the story said.
1 min read · 15 August 2019
