Private Equity
Baring Private Equity Asia said Nov. 19 that it agreed to buy Lumenis in a deal valued at over $1 billion. Lumenis is an Israeli medical device and equipment company. XIO Group is the seller.
3 min read · 19 November 2019
The New York Attorney General is investigating WeWork, Reuters reported. The NYAG is examining is whether WeWork’s founder and former chief executive, Adam Neumann, indulged in self-dealing to enrich himself, the story said.
1 min read · 19 November 2019
Some of the same Wall Street firms that tanked the dream of home ownership for millions of American families are now the country’s biggest landlords and are "shamelessly" profiting off the destruction they caused, wrote Sen. Elizabeth Warren in a Nov. 18 post on Medium. Warren, who is running for president, said PE firms likeBlackstonewent on a “shopping spree” in the wake of the 2008 financial crisis, snatching up apartment complexes and single-family homes that had been foreclosed.
1 min read · 19 November 2019
Apollo Global Management has put Qdoba Restaurant Corp up for sale, Bloomberg reported, citing Qdoba’s CEO. Qdoba could sell for more than $550 million, including debt, the story said.
1 min read · 19 November 2019
Great Hill Partners LP said Nov. 19 that Heather Fox Ewing has joined the firm as director of talent.
1 min read · 19 November 2019
Monroe Capital LLC said Nov. 19 that four executives have joined its opportunistic private credit team. They include: Jason Starr, Darrick Ginkel, Joseph Valickus in the New York office; and Chris Spanel in the Chicago office.
3 min read · 19 November 2019
Smiths Group has put its medical equipment business on the block, Bloomberg reported. First round bids are expected for the unit by the end of the year, the story said. Smiths’s medical equipment business could sell for more than $3 billion, Bloomberg said.
1 min read · 19 November 2019
TA Associates has hired Goldman Sachs to seek out a buyer for Russell Investments, the Financial Times is reporting. Russell was valued at $1.15 billion in 2016 when TA acquired the company from the London Stock Exchange, the story said.
1 min read · 19 November 2019
Maven Capital Partners said Nov. 19 that Simon Robb and Ben Gregory have joined the firm. Robb joins as portfolio manager while Gregory is a portfolio analyst.
2 min read · 19 November 2019
Plantgistix is a provider of packaging, warehousing, and full-scale export services dedicated to the plastic resin industry.
4 min read · 19 November 2019
