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.
Weatherford Capital said July 23 that David Seider has joined as a vice president. Seider previously led merger and acquisition execution for Roper Technologies.
2 min read · 23 July 2019
Apple is in advanced talks to buy Intel’s smartphone-modem chip business, the Wall Street Journal reported. The deal is valued at $1 billion or more and includes people and a portfolio of patents, the story said.
1 min read · 23 July 2019
MoneyLion said July 23 that it raised $160 million in funding, including $60 million in previously announced financing and a $100 million Series C round. Edison Partners and Greenspring Associates co-led the round which included a strategic investment from Capital One. MetaBank and FinTech Collective also participated. MoneyLion is a mobile bank.
4 min read · 23 July 2019
Abacus Finance Group LLC said July 22 that it hired Seth Friedman as a managing director and Austin Rendell as an analyst.
3 min read · 22 July 2019
Main Capital said July 22 that it acquired a majority stake in Optimizers. Financial terms weren’t announced. Optimizers provides software and mobile apps for the supply chain and logistics markets.
3 min read · 22 July 2019
Ray Kelvin, founder of Ted Baker, would support a private equity buyout of the retailer, the Sunday Times reported. Kelvin is the former CEO of Ted Baker and owns about a third of the company, the story said.
1 min read · 22 July 2019
JC Penney has hired advisers to explore debt restructuring options, Reuters reported. The 117-year old department store has about $4 billion in debt and is exploring options that could include raising additional cash or negotiating with creditors to push out debt maturities, the story said.
1 min read · 22 July 2019
Ilan Stern was hired to lead the family office of Adam Neumann, co-founder and CEO of WeWork Cos, The Wall Street Journal reported. Stern was previously a staffer at General Catalyst and Soros Fund Management LLC, the story said.
1 min read · 22 July 2019
Glendower Capital is leading a group to buy a controlling stake of Liberty London, a U.K. department store, for 300 million pounds, The Guardian reported. BlueGem is selling its stake, the story said.
1 min read · 22 July 2019
Inflexion is buying Estera. Financial terms weren’t announced. Bridgepoint is the seller. Estera, a U.K. provider of funds, corporate and trust services, will be merged with Inflexion portfolio company Ocorian once the deal closes.
2 min read · 22 July 2019
