peHUB Second Opinion

Today in Second Opinion, 8 million people have signed up for Obamacare, Blackrock’s Q1 profit climbed 20 percent, Dropbox does more acquisitions and we will miss you Gabriel Garcia Marquez.

VC-backed Lending Club raises $115 mln, acquires Springstone for $140 mln

Online credit marketplace Lending Club said Thursday that it has bought Springstone Financial for a consideration of $140 million. To help finance this transaction, Lending Club raised $50 million in debt financing and also $65 million in an equity round from funds and accounts managed by T. Rowe Price Associates, Wellington Management Company, BlackRock and Sands Capital. Based in Westborough, Mass., Springstone Financial is a provider of affordable financing options for consumers seeking to fund private education and medical procedures. Lending Club’s backers include Kleiner Perkins Caufield & Byers, Google Capital, Foundation Capital, Thomvest Ventures, Union Square Ventures, Canaan Partners and Norwest Venture Partners.

VC-backed Dropbox names former Secy of State Rice to board of directors

According to an announcement on its site made by CEO and founder Drew Houston, Dropbox has added former Secretary of State Dr. Condoleezza Rice to its board of directors. Rice served in her post under former President George W. Bush. Also, the firm has named Sujay Jaswa as its chief financial officer and Dennis Woodside as its chief operating officer. Based in San Francisco, Dropbox allows computer users to share photos, documents and videos anywhere without emailing files. Its backers include Sequoia Capital, Accel Partners, Benchmark, Goldman Sachs, BlackRock and Morgan Stanley. To read further details about Dropbox expanding its leadership team and adding Rice to its board, visit here.


American Express Company creates j-v with Certares investor group

American Express Company has signed an agreement to create a joint venture for its Global Business Travel division. Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. The Certares-formed group includes Qatar Investment Authority through its wholly-owned subsidiary Qatar Holding LLC, funds managed by BlackRock, Certares itself and Macquarie Capital.

BlackRock Invests in Newcrest Mining Shares

Global asset manager BlackRock has acquired 17,723 common shares in Newcrest Mining at a price of $25.27 per Common Share. Following the transaction, BlackRock has control of 86,517,607 Common Shares of Newcrest, representing approximately 11.31% of the outstanding Common Shares of Newcrest. PRESS RELEASE BlackRock, Inc. (NYSE:BLK) today announced that on September 3, 2012, it, […]

BlackRock Acquires Minera Shares

Global asset manager BlackRock has acquired 400,000 common shares in the capital of Minera at a price of $0.66 per common share. Following the transaction, BlackRock will have control over a total of 18,246,926 Common Shares, representing approximately 12.01% of the outstanding Common Shares of Minera. Minera is a Latin American precious metals mining, development […]

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget