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.
Monday.com said July 30 that it raised a $150 million Series D round led by Sapphire Ventures with participation from Hamilton Lane, HarbourVest Partners, ION Crossover Partners and Vintage Investment Partners. Monday.com is a work management platform.
4 min read · 30 July 2019
Ares Management Corp and Black Mountain Partners have acquired 68 King William Street, London EC4. Financial terms weren’t announced. The deal includes an 11-story office and retail building.
3 min read · 30 July 2019
Should first-time GPs put every dime they have into a first fund?; Thoma Bravo, Silver Lake bid for J.D. Power; Bain-backed Swift Prepaid weighs sale
2 min read · 29 July 2019
Mylan NV is merging with Upjohn, the off-patented branded and generic established medicines business of Pfizer Inc. Pfizer shareholders would own 57 percent of the combined company while Mylan would have 43 percent. Upjohn’s brands include Lipitor, Celebrex and Viagra while Mylan is known for the Epipen.
10 min read · 29 July 2019
Medley Capital Corp said July 29 that it is merging with Sierra Income Corp, which is buying Medley Management Inc. Sierra will emerge as the surviving entity. The combined company, which will have about $4.7 billion of assets under management, is expected to be the third largest internally managed BDC and the 13th largest publicly traded BDC by assets.
10 min read · 29 July 2019
Alpine Investors is buying Frank Gay Services. Best Home Services, an Alpine portfolio company, and Frank Gay will be part of Apex Service Partners, Alpine’s new platform. Financial terms weren’t announced. Frank Gay, of Orlando, Florida, is a HVAC, plumbing and electrical services and repairs company.
4 min read · 29 July 2019
Zayo Group Holdings Inc said July 26 that its shareholders have approved the sale to Digital Colony Partners and EQT Partners. The deal, announced in May, is valued at $8.2 billion. Zayo is a communications infrastructure provider.
4 min read · 29 July 2019
StashAway said July 29 that it closed a $12 million Series B round led by, the investment arm of Fidelity International. Asia Capital & Advisors participated in the round. StashAway is a robo-advisor for both retail and accredited investors.
4 min read · 29 July 2019
Thomson Reuters confirmed July 26 that it and Blackstone are in talks to sell Refinitiv to the London Stock Exchange Group plc for about $27 billion. The deal would result in Thomson Reuters holding a roughly 15 percent stake in Refinitiv, a producer of financial data. Blackstone acquired a 55 percent stake in Refinitiv in 2018.
2 min read · 29 July 2019
Astarte Capital Partners LLP said July 29 that Omar Habboush has joined as an associate.
2 min read · 29 July 2019
