U.S.-based buyout and mezzanine fundraising still lags behind the same period last year, but it has more than doubled since Buyouts last went to press. Compared to the rapid start of 2015, 2016’s year-to-date total of $13.9 billion is way behind. The Carlyle Group was very busy in the last two weeks. It announced that it […]
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Does the stock market know something the rest of us don’t? The S&P 500’s more than 9 percent drop from New Year’s through February 10 suggests that the United States’s seven-year trot of economic growth, however plodding, may be heading for a concrete wall. And fears of an imminent recession have real consequences. Financial buyers, for one, won’t […]
Argo Infrastructure Partners, an investment manager that has attracted investment from California pension fund CalSTRS, is buying a 49.9 percent equity interest in a company owning a natural gas-fired power plant in Pueblo, Colorado, it said on Friday.
Mubai, India-based RKSV Securities, an online stock brokerage, raised $4 million in a Series A funding round. Investors included Kalaari Capital, GVK Davix and others.
The San Francisco Employees’ Retirement System committed $125 million to private equity and venture capital funds in January, including up to $100 million for Hillhouse Capital Group’s third flagship fund, according to recently published meeting minutes. The $19.3 billion pension system also committed $25 million to DFJ Venture’s 12th flagship fund, which had raised around […]
In Friday’s Second Opinion, Russian billionaire Fridman invests $200 million in Uber, Paulson plans a $1.5 billion private equity fund for troubled debt, and Apple is making an original television show starring Dr. Dre.
Apollo Global Management’s latest credit opportunities fund appears to have gone big into energy ahead of a precipitous drop in oil prices last year. Apollo was investing in energy, oil and gas in early 2015, after the price of oil had dropped from over $100 per barrel to about $50 per barrel. But oil had a […]
Private equity-backed Davis Petroleum Acquisition Corp, an oil and gas company, and publicly traded Yuma Energy Inc agreed to merge in an all-stock transaction. Upon completion of the merger, Davis will become a wholly owned subsidiary of Yuma. Houston-based Davis is backed by Evercore Capital Partners, Red Mountain Capital Partners, and Sankaty Advisors.
GGV Capital has set out to raise $1.13 billion in capital for two new funds, according to a pair of filings with the SEC.
Drug developer Apellis Pharmaceuticals Inc raised $47.1 million in Series D preferred stock financing. The round was led by new investors Cormorant Asset Management, Hillhouse Capital Group and venBio Global Strategic Fund. Earlier this month Apellis withdrew its plans for an initial public offering, according to an SEC filing.
Partech Ventures led a $16 million Series B funding round for Alberta, Canada-based Waterline Data, a data mining company. To date Waterline Data has raised $23 million. The company was founded in 2013 with backing from Menlo Ventures and Jackson Square Ventures.
London-based Sky-Futures, a provider of drone inspection services for the oil and gas industry, secured a $4.2 million investment by Bristow Group, and an additional $1.5 million investment by MMC Ventures. MMC invested $3.8 million in the company in May. To date Sky-Futures has raised more than $10 million.
OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System, sold Toronto-based Marketwired LP, a press release distribution service, to Nasdaq Inc. Financial terms were not disclosed. BMO Capital Markets served as financial advisor. Morrison & Foerster and Stikeman Elliott acted as legal counsel.
MilliDrop, a maker of cell culture machines, raised 1 million euros ($1.13 million) from Seventure Partners‘ Quadrivium 1 seed fund. Paris-based MilliDrop was founded last year.
P&F Industries Inc sold Nationwide Industries Inc, a hardware manufacturer based in Tampa, Florida, to a subsidiary of Argosy Private Equity, a division of Argosy Capital. The purchase price was approximately $22.2 million, subject to working capital adjustment.
Runkeeper, a workout tracking app, has been acquired by ASICS Corp, a Japanese sportswear company. Runkeeper’s Chief Executive Officer Jason Jacobs announced the news in a statement on blogging platform Medium. Financial terms were not disclosed. The company has raised over $11 million in funding from investors including Spark Capital and O’Reilly AlphaTech Ventures.
First Reserve acquired the Mariah North Wind power project in Texas from Mariah Acquisition, a wind development team backed by Arctas Capital Group. Financial terms were not disclosed.
Farol Asset Management LP, along with other institutional investors, partnered with Liberty Hall Capital Partners LP to complete the acquisition AIM Aerospace, a Renton, Washington-based supplier of parts for the aerospace industry. The transaction was valued at $220 million.