Elevate Capital makes 2x on Garden Bar sale; Fiserv seeks buyer for Unified Wealth; Why is EQT choosing the public markets over a private sale?
To start your Tuesday morning, we have news that Facebook may soon start hiding the Like counter on News Feed posts, a study finds that the founders of successful tech companies are mostly middle aged, and Taylor Townsend's incredible U.S. Open run ends.
L Catterton, a consumer-focused buyout shop, is seek $4 billion for its latest flagship, a source said.
Katira, ex-Hamilton Lane principal, gets 22-month prison sentence; Goodman to step down from Blackstone; Hot secondaries market on pace to set another record
First Read closes out the week before the holiday weekend with news that Apple is unveiling the next iPhone on September 10, Hurricane Dorian is set to slam Florida as a major Category 4 storm on Labor Day, and Disney sells its stake in the YES Network to an investor group including Amazon.
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
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."