GP-led deals take stunning chunk of secondary market; Lightyear to make more than 3x on Wealth Enhancement; The disconnect between CFOs and PE firms
First Read begins the day with news that Amazon has acquired Israeli startup E8 Storage, the Federal Reserve cuts interest rates for the first time since the financial crisis, and the four major broadcast networks sued Locust, a nonprofit streaming service.
Aurora nears $1.5 bln target on Fund VI; Carlyle switches to C-corp; Thoma Bravo buys J.D. Power
First Read kicks off the day with news that Gucci hires a diversity chief, Disney's "The Lion King" tops $1 billion at the box office, and Google employees have donated more to Elizabeth Warren than anyone else.
KKR healthcare chief Momtazee to leave firm; Welsh Carson's 13th flagship raises $4.3 bln; Sumeru Equity puts MDSL up for sale
First Read begins the day with news that President Trump signs the 9/11 compensation bill, Pfizer is planning on merging its off-patient drug business with Mylan, and Element Capital hikes performance fees to 40 percent.
This week’s jobs include a private equity investment officer at CalSTRS and associates at Fortress and CPPIB.
Should first-time GPs put every dime they have into a first fund?; Thoma Bravo, Silver Lake bid for J.D. Power; Bain-backed Swift Prepaid weighs sale
First Read kicks off the week with news that the Justice Department says T-Mobile's mega-merger with Sprint can move forward, the IRS is sending a warning out to cryptocurrency holders, and American teenager Kyle Giersdorf wins $3 million at the Fortnite World Cup.
First Read closes out the week with news that Nissan will be cutting 12,500 jobs worldwide, Nike is reportedly exploring a sale of surfwear brand Hurley and Amazon requires local police departments to advertise Ring surveillance cameras in exchange for free products.