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.
Starwood Capital Group and Apollo Global Management are bidding for the aircraft-financing business owned by General Electric Co, Bloomberg reported. GE is selling PK AirFinance, a subsidiary of the conglomerate’s broader aircraft-leasing business known as GECAS, the story said. The unit could fetch $4 billion, Bloomberg said.
1 min read · 24 July 2019
KKR is buying Campbell Soup’s international business for $2.2 billion, the Australian Financial Review reported. The deal includes biscuit brand Tim-Tams; KKR beat Pacific Equity Partners for the Campbell’s business, the story said.
1 min read · 24 July 2019
Silver Lake agreed to invest in EverCommerce. Financial terms weren’t announced. Providence Strategic Growth, the growth equity arm of Providence Equity Partners, is retaining a majority of EverCommerce, a software and payments provider. Goldman Sachs & Co provided financial advice to EverCommerce, while Kevin J. Sullivan, Richard Frye and Benton Lewis of Weil, Gotshal & Manges LLP, along with Greenberg Traurig LLP, acted as legal counsel. Ropes & Gray LLP served as legal counsel to Silver Lake.
4 min read · 23 July 2019
Robinhood, the trading startup, has raised $323 million in a new round of funding. DST Global led the round which included participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital.
1 min read · 23 July 2019
Key Surgical LLC, a portfolio company of Water Street Healthcare Partners, has agreed to buy Insitumed GmbH. Financial terms weren’t announced. Insitumed, of Hamburg, Germany, sells endoscopy products.
2 min read · 23 July 2019
Heap Inc said July 23 that it raised $55 million in Series C funding led by NewView Capital. Participating in the round includes new investors DTCP, Maverick Ventures, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, and Sharespost, as well as existing investors NEA, Menlo Ventures, Initialized Capital, and Pear VC. Heap collects and organizes customer behavioral data.
3 min read · 23 July 2019
Keensight Capital has acquired Infarco’s majority stake in 3P Biopharmaceuticals. Financial terms weren’t announced. 3P, of Spain, is a contract development and manufacturing organization that specializes in process development and GMP manufacturing of biologics.
3 min read · 23 July 2019
Blackstone Group is weighing selling its stake in Cheniere Energy Partners LP after a seven year hold, Bloomberg reported. The company is being marketed to a small number of potential buyers including infrastructure, pension and sovereign wealth funds, the story said.
1 min read · 23 July 2019
BC Partners is near a deal to acquire a majority of Garda World Security Corp, the Wall Street Journal reported. BC Partners will have 51 percent while Stephan Cretier, Garda’s founder and CEO, will have the rest alongside management, the story said. The deal values Garda at around C5.2 billion ($4 billion), the WSJ said.
1 min read · 23 July 2019
Silver Lake Management is buying a minority stake in EverCommerce in a deal that values the company at $2 billion, the Wall Street Journal reported. Providence Strategic Growth, the growth arm of Providence Equity Partners, will remain the majority investor, the story said.
1 min read · 23 July 2019
