PEI Staff
In Jobs of the Week, Hamilton Lane is seeking an associate or senior associate, Fortress is hiring a financial analyst, Carlyle is looking for an analyst in Beijing, and the CPP Investment Board is hiring an associate.
In Second Opinion, Starwood receives an unsolicited $12.8 bln offer from a Chinese-led consortium, Viacom shareholders vote to re-elect the company’s board, and a longtime Sequoia partner resigns amid sexual abuse allegations.
Fintech company Allegiancy is launching a $30 million ‘mini-IPO’, made possible by new equity crowdraising rules approved last year by the Securities and Exchange Commission. The rules allow companies to raise up to $50 million in debt or equity securities from non-accredited investors through a Regulation A+ offering. Richmond, Virginia-based Allegiancy offers an asset management […]
Charterhouse Capital Partners LLP agreed to sell Doc Generici, a generic pharmaceutical company based in Italy, to funds advised by CVC Capital Partners. Financial details of the transaction were not disclosed, although Reuters reported on Friday the deal is valued at between 650 million euros ($725.08 million) and 700 million euros. Doc was acquired by Charterhouse in a primary buyout in May 2013.
The Carlyle Group agreed to buy a 100 percent stake in Tokyo-based WingArc1st, a provider of enterprise output management software and business intelligence software, from WingArc1st's president and chief executive Hiroyuki Uchino and OPI2002 Investment Fund, a subsidiary of Japanese financial services group ORIX Corp. The equity for the transaction will come from Carlyle Japan Partners III LP. Financial terms of the deal were not disclosed.
Clearlake Capital Group LP launched Better For You Holdings, a new platform focused on investments in emerging food and health and wellness trends. Through the platform, Clearlake is partnering with Halen Brands, a recently-formed venture targeting investments in the food products sector. Clearlake's José E. Feliciano, Behdad Eghbali, and Arta Tabaee will join the boards of both Better For You Holdings and Halen Brands.
To close out your week, Second Opinion has news: GM to buy autonomous-vehicle technology developer Cruise Automation for $1 bln, Ford is looking for a tech exec to be the CEO of its new mobility company, and VC-backed grocery delivery startup Instacart cuts pay for couriers.
NVM Private Equity exited its stake in Control Risks Group Holdings, a UK-based risk consultancy specializing in political, integrity and security risk. NVM and a syndicate of co-investors acquired a significant minority stake in Control Risks in 2011.
Advertising platform AllOver Media LLC, a portfolio company of Audax Private Equity, acquired Astra Pacific Outdoor, an outdoor advertising company. Financial terms of the deal were not disclosed.
Online lending platform EZBob Ltd closed a Series C funding round with a 20 million pound ($28.81 million) equity investment from Leumi Partners, the investment banking arm of Israel-based Bank Leumi, and existing investor Oaktree Capital Management LP. EZBob, which trades as business e-lenders Everline and EZBob, is based in London.