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.
Slack Technologies Inc is expected to go public Thursday on the New York Stock Exchange with a valuation of about $15.7 billion, the Wall Street Journal reported. Slack is going public via a direct listing; it’s reference point for the offering is $26, the WSJ said.
1 min read · 20 June 2019
Stephen Schwarzman, Blackstone Group’s CEO, has given Oxford University $188.6 million for a new institute that will study the ethical implications of AI and computing technologies, the Associated Press reported.
1 min read · 20 June 2019
Aceto said June 20 that Gilles Cottier was named CEO while Rakesh Sachdev was appointed chairman of the board of directors. Aceto Corp sold its chemicals business to New Mountain Capital in April.
3 min read · 20 June 2019
KKR is near a deal to sell a portion of its 40 percent stake in Weststar Aviation Services Sdn to the company’s controlling shareholder, Bloomberg is reporting. Westar, a provider of helicopters for the offshore energy industry, could be valued at about $2 billion, the story said.
1 min read · 20 June 2019
Ann O'Halloran has joined Maranon Capital LP as a controller. O’Halloran was previously vice president and controller at Kramer Van Kirk Credit Strategies.
1 min read · 20 June 2019
Monroe Capital said June 20 that it acted as administrative agent on a $260 million loan to back Clearlake Capital Group’s buy of Dude Solutions Inc. Other lenders include BlackRock Capital Investment Advisors LLC, as well as Owl Rock Capital, and Vista Credit Partners.
2 min read · 20 June 2019
FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.
3 min read · 20 June 2019
Quest Global said June 20 that it acquired Dakota Moon Enterprises LLC. Financial terms weren’t announced. Dakota Moon, of Henderson, Nevada, provides engineering and supply chain services to the aerospace industry. Quest Global is backed by investors including Bain Capital, GIC and Advent International.
3 min read · 20 June 2019
Sycamore Partners has lowered its unsolicited bid for Chico's FAS Inc to $3 per share or $350 million cash. Chico’s, a women’s retailer, said it would “carefully review” the proposal but has previously reviewed and rejected higher offers from Sycamore.
4 min read · 20 June 2019
Abris Capital Partners said June 20 that it agreed to buy Dentotal Protect. Financial terms weren’t announced. The Dogariu family, the sellers, will remain an investor. Dentotal Protect distributes dental consumables, instruments and equipment in Romania.
2 min read · 20 June 2019
