Iris Dorbian
In Second Opinion, Bain wins an auction to buy Italmatch, Lyft is now worth twice what it was last year and Supreme Court Justice and swing voter Anthony Kennedy is retiring.
Valet Living, which is backed by Ares Management LP and Harvest Partners LP, has acquired Invisible Waste Services, a garbage collection company. No financial terms were disclosed.
Mitsubishi UFJ Financial Group Inc has hired Matt Maley as a managing director and head of the bank's private equity sponsor coverage group. Maley will begin his new position on September 4, 2018. Previously, Maley worked at Deutsche Bank where he was most recently a senior member of the financial sponsors group.
Arch Street Capital Advisors and GTIS have sold on behalf of an institutional client a portfolio of single-family rental home properties across four U.S. states. The price was $268 million.
Baceline Investments has acquired four shopping malls: Brookfield, Wisconsin-based Capitol Drive; Fort Worth-based North Town Center; Nashville-based Edge O Lake Shoppes; and Clearfield, Utah-based Antelope Plaza. The total price of the acquisition was $18 million.
Ironwood Capital has made an investment in Arizona-based American Residuals Group, an environmental services company. No financial terms were disclosed.
Jared Jensen has joined law firm Sidley Austin LLP as a partner in its global private equity practice. Previously, Jensen was a partner at Goodwin Procter LLP.
Clearlake Capital Group and Vista Equity Partners will invest in Bothwell, Washington-based EagleView, a provider of aerial imagery and property data analytics. No financial terms were disclosed. Atlas Technology Group LLC and William Blair are providing financial advice to EagleView while Shea & Company, Evercore and Morgan Stanley did likewise for Clearlake.
Cambridge, Massachusetts-based Neon Therapeutics, an immuno-oncology company developing neoantigen-based therapeutic vaccines and T cell therapies to treat cancer, has debuted its IPO after pricing its 6.25 million shares at $16 per share. The stock began trading June 27, 2018 on the NASDAQ under the ticker symbol "NTGN." Morgan Stanley, BofA Merrill Lynch and Mizuho Securities are the lead underwriters. Neon Therapeutics' pre-IPO backers include Partner Fund Management, Third Rock Ventures, Access Industries, Fidelity Management & Research Company, Wellington Management Company, Inbio Ventures and Nextech Invest.
THL Credit has agreed to acquire the collateral management business of Kramer Van Kirk Credit Strategies LP. No financial terms were disclosed. Based in Chicago, KVK manages seven collateralized loan obligations totalling about $3.4 billion. The deal is expected to close during the summer of 2018.