Dealmaking

PE HUB First Read

First Read begins the day with news that Walgreens and Humana are in preliminary talks to take stakes in each other, Barnes & Noble says Michelle Obama's new book has biggest first-week sales of 2018, and the founder of OptionSeller.com posts emotional apology video after the firm blows up.

PE HUB Second Opinion

In Second Opinion, CVS expects its $69 billion buyout of Aetna will close after Thanksgiving, Apple removes Tumblr from its App Store due to child pornography sharing by some of its users and President Trump stands by Saudi Arabia despite the CIA saying the crown prince most likely ordered the death of Jamal Khashoggi.

KKR and Bain Capital form $20 mln fund to help ex-Toys "R" Us workers

KKR and Bain Capital have launched a $20 million fund that will help former Toys "R" Us employees in the U.S. who lost their jobs as a result of the liquidation of the business.

Commonfund opens diversity office to boost LP dialogue around women

PE HUB Wire Highlights, 11.20.18

Japan institution brings supersecret $1 bln-plus PE portfolio to market; Thomas H. Lee puts CSafe Global up for sale; Littlejohn Fund VI raises $2.84 bln

AlpInvest and LGT back Dutch bank’s PE spin-out

The private equity unit of ABN AMRO, the Netherlands' third-largest bank, have spun out in a Lazard-advised deal.

Apollo, Leon Black say ex-partner's theft shows 'betrayal': Reuters

Apollo Global Management LLC (APO.N) and billionaire co-founder Leon Black said on Monday they have uncovered proof that a former executive suing them for $1.5 billion stole confidential information as he prepared to bolt the private equity firm and compete with it, Reuters reported.

Warburg Pincus plans to raise up to $4 billion for new China fund: Reuters

Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters.

KKR expands Asia infrastructure business with new hires: Reuters

Global private equity group KKR & Co (KKR.N) is expanding its presence in Asia’s infrastructure sector with new hires and is looking at launching a new fund as project spending in the region picks up, Reuters reported.

PE HUB First Read

First Read begins the day with news that Cimarex is paying $1.6 billion for Resolute Energy Corp, Instagram kills off fake accounts, and Bitcoin hit its lowest level in more than a year.