Warburg to take control of WebPT; Where are all the PE healthcare deals?
TPG receives bids for Wind River; GE Capital to sell PK AirFinance to Apollo, Athene Holding; HGGC announces promotions
Forever 21 Inc is planning to file for bankruptcy protection and is working with a team of advisers to help it restructure its debt, Bloomberg reported. Forever21, a fashion retailer, is currently focused on securing DIP financing to take the company into chapter 11, the story said.
First Read starts the day with news that EQT Partners is planning on launching an IPO that could value the buyout shop at around $4.5 billion, Instacart CFO Ravi Gupta is leaving to become a partner at Sequoia, and a mysterious landlord sued WeWork for allegedly making $150 million disappear.
Blackstone offers to buy rest of Tallgrass Energy; HGGC sells part of Integrity Marketing stake; Defending PE's handling of retail
First Read begins the day with news that OxyContin maker Purdue Pharma is offering an opioid settlement up to $12 billion, an ex-Google engineer is charged with stealing trade secrets and taking it to Uber, and Leslie Jones is leaving "Saturday Night Live."
Canada’s venture capital (VC) market saw a record $1.28 billion invested in 143 financings in the second quarter of 2019, surpassing the prior record set in Q4 2018 , according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). VC investment stood at a record $2.15 billion at the end of June, exceeding the previous high-water mark of $1.67 billion in the first half of 2018. Information and communication technology companies took 54 percent of VC invested in the first half, followed by life sciences companies, which captured 27 percent. Early-stage activity led late-stage activity in this period, accounting for 45 percent of the total invested.
Marathon seeks $750 mln for specialty finance fund; Foundations see strong returns from PE; Should retail investors be allowed to invest in PE?
First Read begins the day with news that Amgen is buying Celgene's psoriasis drug Otezla for $13.4 billion, AT&T's CEO of Communications John Donovan will retire in October, and the BBC is launching a voice assistant that will understand British accents.
Seven problems with carried interest allocation; Coller, HarbourVest lead $1 bln-plus Insight Venture revamp; CalPERS board sends draft code of conduct back for overhaul