Luisa Beltran

Shiseido closes Drunk Elephant buy

Shiseido Co Ltd said Nov. 7 that it completed its buy of Drunk Elephant, a prestige skincare brand. Financial terms weren’t announced. The sale was announced in October. Press reports pegged the deal at $845 million.

PE HUB Wire Highlights, 11.7.19

Blackstone's GSO fund revamp hits hurdle; PatientPoint in talks with Mistral SPAC; Why cities, states should invest in healthcare

Strobel named CTO of Liquidnet

Liquidnet said Nov. 7 that Patrick Strobel was named chief technology officer. Strobel recently served as CTO/domain architect for CB&S Finance and Common Data Sourcing.

Investcorp, China Resources, Fung Investment launch Asian food platform

Investcorp is partnering with China Resources and Fung Investments to launch a platform that will invest in food brands in Asia, specifically China, Singapore and greater Southeast Asia. Investcorp, China Resources and Fung have committed $300 million to the platform, which aims to raise $500 million.

Blackstone's Schwarzman says Walgreens Boots LBO would be a stretch: Bloomberg

Stephen Schwarzman, Blackstone CEO, said taking Walgreens Boots Alliance private would be a “stretch” right now as investors have become more discriminating, Bloomberg reported. “You need at least $20 billion of equity. Could you find that in today’s world? Maybe,” the story said, which quoted Schwarzman’s comments during a Reuters Newsmakers event. The Blackstone co-founder said mega-deals are “straining the system,” according to the story.

Goldman sells part of Taikang Life stake to Allianz for $1 bln: Bloomberg

Allianz paid about $1 billion for part of Goldman Sachs’s stake in Taikang Life Insurance Co, a Chinese insurer, Bloomberg reported. Goldman sold a roughly 4 percent stake in Taikang to Allianz; Goldman will retain about 8.6 percent after the deal, the story said.

Goldman sells part of Taikang Life stake to Allianz for $1 bln: Bloomberg

Allianz paid about $1 billion for part of Goldman Sachs’s stake in Taikang Life Insurance Co, a Chinese insurer, Bloomberg reported. Goldman sold a roughly 4 percent stake in Taikang to Allianz; Goldman will retain about 8.6 percent after the deal, the story said.

Spectrum Equity invests in Kajabi

Spectrum Equity has invested in Kajabi and will have a minority stake. Financial terms weren’t announced. Kajabi, of Irvine, California, is a platform that helps individuals and business create and monetize online courses, training materials, and other content.

Coveo nabs $227 mln in OMERS-led round

Coveo said Nov. 6 that it raised $227 million in funding led by OMERS Growth Equity. Existing investors participated as well as other financial institutions, including Evergreen Coast Capital, Fonds de solidarité FTQ and IQ. Québec City-based Coveo uses artificial intelligence and intelligent search technologies to personalize digital experiences for customers, partners, dealers and employees.

Anacapa Partners invests in Agasus

Anacapa Partners said Nov. 6 that it invested in Agasus. Financial terms weren’t announced. Agasus, of Brazil, is a hardware-as-a-service (HaaS) provider.