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.
Regis Corp said June 13 that it sold 96 of its California-based Supercuts salons to Moxie Management Group. Financial terms weren’t announced. Moxie is a portfolio company of Spanos Barber Jesse & Co. Supercuts is a chain of hair salons.
3 min read · 13 June 2019
Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion, Reuters reported. The deal would be the largest follow-on share sale globally in seven years, the story said.
1 min read · 13 June 2019
KKR said June 12 that it agreed to sell KCF Technologies to SKC, an affiliate of SK Group. The deal is valued at 1.19 trillion won ($1 billion). KCFT produces copper foils and flexible copper clad laminates mainly used in li-ion batteries for electric vehicle applications.
2 min read · 13 June 2019
2 min read · 12 June 2019
Carlyle Group will likely exceed its $100 billion fundraising goal by the end of this year, co-CEO Glenn Youngkin said according to Bloomberg. Youngkin, who made the comments at the Morgan Stanley Financials Conference in New York, said Carlyle will likely raise about $110 billion, Bloomberg said.
1 min read · 12 June 2019
New Enterprise Associates said June 12 that Lily Huang was promoted to principal.
2 min read · 12 June 2019
SoftBank Vision Fund and SoftBank Latin America Fund have invested in Gympass. Financial terms weren’t announced. Both funds are joining Gympass's existing investors General Atlantic, Atomico, and Valor Capital Group. Gympass is a corporate fitness platform.
3 min read · 12 June 2019
Toorak Capital Partners said June 12 that KKR has doubled its investment in the company to $500 million. KKR had initially committed $250 million to Toorak in 2018. Toorak, of Summit, New Jersey, invests in small balance real estate loans throughout the U.S. and the U.K., including single-family rental loans and commercial and residential bridge loans.
4 min read · 12 June 2019
Adjust said June 12 that it raised $227 million in a new round of funding led by Eurazeo Growth, Highland Europe, Morgan Stanley Alternative Investment Partners and Sofina. Adjust, of Berlin, provides mobile measurement and fraud prevention.
4 min read · 12 June 2019
CutisPharma Inc, a portfolio company of NovaQuest Capital Management LLC, said June 12 that it acquired Silvergate Pharmaceuticals Inc. Financial terms weren’t announced. NovaQuest will own a majority of the combined company, called Azurity Pharmaceuticals. Azurity is specialty pharmaceutical company.
2 min read · 12 June 2019
