PEI Staff
In Monday's Second Opinion, TPG is said to write down its J. Crew stake by 84 percent as revival hopes dim, the average Wall Street bonus fell 9 percent last year, and Maria Sharapova says she failed a drug test at the Australian Open.
In Jobs of the Week, HarbourVest and Carlyle's AlpInvest are seeking associates, Partners Group is looking for an investment analyst, and Credit Suisse is hiring for its new private equity business.
Pritzker Group hired Kristi Dula as its first network relationship manager. Based in Chicago, Dula will be responsible for facilitating relationships for Pritzker's family of companies, connecting them with the firm’s network of experts, strategic partners and potential customers.
Bow River Capital Partners hired Jonah Cave as a partner to further develop the firm’s investor relations and fundraising platforms. Cave joins the firm from UBS, where he led the Americas client trading and execution platform. Prior to working at UBS, Jonah was a managing director at Bank of America Merrill Lynch.
To close out your week, Second Opinion has news that Microsoft considered buying Slack for $8 billion, Thomson Reuters may sell its IP & science unit in parts, and Brazilian police question ex-president Lula da Silva in Petrobras corruption scandal.
L Catterton made a growth capital investment in Bogota, Columbia-based Bodytech Corp, the second-largest gym company in Latin America, according to a news release. Terms of the transaction were not disclosed. Bodytech is the first investment by the L Catterton Latin America fund.
General Atlantic made a minority investment in Zimmermann, an Australian luxury fashion brand. Financial terms of the investment were not disclosed. Zimmermann's founder's and management team remain majority shareholders in the company and General Atlantic will join the Zimmermann board.
First Read brings you news on this, perhaps the last snowy day in the East: mutual funds sour on startup stakes, Stephen Curry launches startup to help athletes run their social media platforms and after 12 years and $3.9 bln, the World Trade Center transit hub is partially open.
The Perseus Books Group, which is owned by Centre Lane Partners, agreed to sell its client services business to Ingram Content Group, a publishing industry services company based in Nashville, Tennessee. Perseus' client services business offers distribution services to independent publishers. On Tuesday, Perseus announced it was selling its publishing arm to Hachette Book Group. Financial terms of both deals were not disclosed.
Boathouse Capital made a growth investment in OrthoFi Inc, a technology company to help orthodontists acquire, finance, and manage new patients. Financial terms were not disclosed. As part of the transaction, Andy Jang, vice president at Boathouse Capital will be joining the company's board.