Dealmaking

PE HUB First Read

First Read begins the day with news that Goldman Sachs is planning to hire people on the autism spectrum, Walgreens slashed its earnings guidance after the drugstore chain said it made less money on prescription drugs, and Lori Lightfoot will be the first black woman to lead Chicago as mayor.

SAP's purchase of Qualtrics helps lift deal size, but completed VC-backed M&A falls in Q1

BC Partners scores more than 3x return on Antelliq

Vistria, out fundraising, promotes Schuppan to senior partner

PE HUB Second Opinion

In Second Opinion, Bernie Sanders has raised $18.2 million in the first six weeks of his 2020 presidential campaign, Apple reportedly plans smaller and larger iPhone screens for 2020 and bitcoin prices are soaring again.

Radiotherapeutics pioneer Fusion lands $105 mln in Series B round

PE HUB First Read

First Read ushers in the day with news that Gmail turns 15, Slack chooses NYSE for its direct listing and ex-Qualcomm chief ends effort to take company private.

Investcorp's Maniscalco: Minority GP stakes produce high cash-on-cash yields

PE HUB Second Opinion

In Second Opinion, Kellogg agrees to sell its cookie assets to Ferrero for $1.3 billion, Lyft falls below IPO price on second day of trading and Aramco tops Apple as world's most profitable company.

Stephen Smith, Centerbridge acquire Walmart Canada Bank

Stephen Smith and U.S. private equity firm Centerbridge Partners have acquired Walmart Canada Bank from discount retailer Walmart Canada Corp. No financial terms were disclosed. Concurrent with the deal's closing, the bank, which will be renamed Duo Bank, agreed to continue to provide new and existing financial services products through Walmart Canada. CEO Trudy Fahie said the bank will work with Smith and Centrebridge to execute on its long-term growth strategy. Smith is chairman and CEO of Canada's First National Financial Corp. He is also one of the backers of Peloton Capital Management, a Canadian private equity firm launched last year.