Iris Dorbian
GLP, a provider of modern logistics facilities and technology-led solutions, has raised $1.6 billion for its first private equity fund. The Hidden Hill Modern Logistics Private Equity Fund will focus on investing in the logistics ecosystem in China. The fund's investors include insurance companies and China Post Capital. Hidden Hill Capital, GLP China's private equity platform, will manage the fund.
National Health Investors Inc has acquired two skilled nursing facilities in Texas for $29 million. NHI will lease the facilities to The Ensign Group Inc. The facilities include a 132-bed SNF in Garland, Texas and a 132-bed SNF in Fort Worth, Texas.
Point72 Asset Management LP has appointed Rachel D’Antonio as chief administrative officer. Her appointment begins June 1, 2018. Prior to joining Point72, D'Antonio worked at JPMorgan where she was a vice president managing various middle-office product teams.
First Read ends the week with news that Spotify has cut R. Kelly's music from playlists following sexual misconduct allegations, net neutrality expires on June 11 and Daniel Loeb's hedge fund in talks to form SPAC.
XLS Partners, a new independent investment banking firm that provides M&A advisory, capital raising and debt advisory services, has launched. Robert Contaldo is serving as the firm's chairman. XLS will be a member of the Geneva Capital Group.
In Second Opinion, Eli Lilly is acquiring Armo BioSciences for about $1.6 billion, Rolls-Royce unveils its first SUV and Congress releases Facebook ads bought by Russians to dupe U.S. voters.
Metro Supply Chain Group (Metro SCG) has acquired Total E-com Home Delivery Inc, a Toronto-based delivery company that specializes in "big and bulky" online retail purchases. No financial terms were disclosed. Metro SCG is a Montréal-based provider of third-party logistics services and supply chain solutions in North America and Europe. It is backed by Caisse de dépôt et placement du Québec. The Caisse invested last month to support the company's growth, notably through acquisitions.
Platform Ventures has acquired Central Texas-based home builder Scott Felder Homes. No financial terms were disclosed.
Opus Agency, a portfolio company of Growth Catalyst Partners, has acquired Brooklyn, New York and Los Angeles-based MAS Event + Design, an experiential design and production company. No financial terms were disclosed.
Colony Hardware Corp, a portfolio company of Tailwind Capital Group LLC, has acquired Florida-based Brinker Brown Fastener & Supply Inc, a provider of fasteners, diamonds, power tools, construction supplies and generators. No financial terms were disclosed. Mesirow Financial was financial adviser to Brinker Brown on the deal.