PEI Staff
In today's Second Opinion, Viacom is seeking a minority investor in its struggling Paramount Pictures film studio, Time Inc is pursuing an acquisition of Yahoo’s core business, according to Bloomberg, and Thomas H. Lee reportedly approached Shutterfly with a buyout proposal.
Lucid Energy Group II LLC, a full-service midstream provider based in Dallas, secured a $350 million initial equity commitment form EnCap Flatrock Midstream and the Lucid II management team. Lucid II’s predecessor company, Lucid Energy Group LLC, is also backed by EnCap Flatrock.
Morgan Stanley Alternative Investment Partners closed on over $225 million in final capital commitments for Private Markets Income Fund I. The fund’s strategy is to invest in niche income-oriented private market strategies, across primary fund commitments, co-investments and secondaries, which provide near- to medium-term cash distributions.
This weeks jobs include a vice president at HarbourVest Partners, an investment analyst at Partners Group, and an associate at Hamilton Lane.
Cadence Education, a portfolio company of Audax Group Inc, bought Next Generation Children’s Centers. Next Generation Children’s Centers is a Scottsdale, Arizona-based provider of early education and childcare services. Financial terms were not disclosed. Matrix Capital Markets Group Inc provided financial advice to NGCC.
MOVO, a Bay Area payments startup, raised $700 thousand in seed funding. Investors include Cox Orange Investment Ltd and the company's founders Eric Solis and Daniel Kjellen.
Sysco Corp agreed to buy London-based Brakes Group, a European foodservice distributor, owned by Bain Capital Private Equity. The transaction is valued at approximately $3.1 billion and includes the repayment of approximately $2.3 billion of Brakes Group’s financial debt.
In Tuesday's First Read, Uber won’t change its background checks after Kalamazoo shootings, BTG Pactual is considering a deal to take the company private, according to Bloomberg, and Taylor Swift donates $250 thousand to support Kesha’s legal battle against a Sony record producer.
NextEra Energy Partners LP entered into an agreement with a subsidiary of its sponsor, NextEra Energy Resources LLC, to acquire the Seiling I & II Wind Energy Centers, a wind generation site in Oklahoma. NextEra Energy will pay approximately $323 million for the site, plus the assumption of about $200 million in tax equity financing.
Modere, a portfolio company of Z Capital Partners LLC, agreed to acquire the assets of SAVI Health International LLC, a health and nutritional supplement company. Modere is a Utah-based healthy lifestyle brand. Terms of the deal were not disclosed.