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.
A unit of Temasek Holdings Pte has invested in Secretlab, the Singapore maker of chairs for players of electronic games, Bloomberg reported. Heliconia Capital Management Pte’s buy of a minority of Secretlab is valued at between S$200 million and S$300 million, the story said.
1 min read · 13 August 2019
BC Partners is investing in Advanced. Financial terms weren’t announced. Vista Equity Partners, the seller, is continuing as an investor. Vista is selling about 50 percent of Advanced to BC Partners in a deal valued at about 2 billion pounds ($2.4 billion) including debt, the Financial Times reported. Advanced is a U.K. software company.
3 min read · 13 August 2019
Cue Holdings Ltd said Aug. 13 that it completed a Series A round led by Anchor Equity Partners. Princeville Global participated in the financing which included founding investor KKR. Cue, of Shanghai, provides data-driven marketing insights and growth solutions to enterprises.
3 min read · 13 August 2019
Blackstone said Aug. 12 that Limin Wang has joined the firm as a managing director on the quantitative research team in Blackstone Alternative Asset Management.
2 min read · 13 August 2019
Verizon Communications agreed to sell Tumblr, the blogging website, to Automattic Inc, according to press reports. Financial terms weren’t announced but the Wall Street Journal said Tumblr fetched a “nominal amount.”
1 min read · 13 August 2019
Quantum Energy collects $750M for debut structure-capital fund; Calpers considers board confidentiality rules ahead of PE rollout; Blackrock invests $875M in Authentic Brands Group
2 min read · 12 August 2019
2 min read · 12 August 2019
WeWork expects to make public the prospectus for its IPO this week, Bloomberg is reporting. WeWork, an office sharing startup, is looking to raise more than $3.5 billion, the story said.
1 min read · 12 August 2019
Harbor Beach Capital said Aug. 12 that it invested in Atlantic Southern Paving. Financial terms weren’t announced. Atlantic Southern, of Broward County, Florida, provides pavement maintenance and construction services in Florida and nationally.
3 min read · 12 August 2019
FTD Companies Inc said Aug. 9 that it received bankruptcy court approval for the sale of FTD North America, as well as its Latin America consumer and florist businesses, including ProFlowers, to Nexus Capital Management LP for about $110.9 million. FTD is also selling Shari's Berries to an affiliate of 1-800-Flowers.com Inc for $20.5 million.
5 min read · 12 August 2019
