Iris Dorbian
Kayne Anderson Capital Advisors LP has sold Silver Hill Energy Partners to RSP Permian Inc for about $604 million in cash and 15 million shares of RSP common stock. Kayne Anderson expects to close its sale of Silver Hill E&P II LLC during the first quarter of 2017 for about $646 million in cash and 16 million shares of RSP common stock. The Texas-based Silver Hill properties are undeveloped drilling locations.
First Read has news that Baker Hughes is forming a fracking company with Goldman Sachs and CSL Capital, Barrett Brown leaves prison and UK now requires web and phone companies to save browsing histories for 12 months.
Healthcare-focused investment bank Cain Brothers has hired John Soden as a managing director. Prior to joining Cain Brothers, Soden was the managing director and head of medical technologies at Houlihan Lokey.
Access Holdco Management LLC, which is backed by Altamont Capital Partners, has acquired Occidental Fire & Casualty Company's Massachusetts business. The seller was IAT Insurance Group. Occidental is a property and casualty insurance company. No financial terms were disclosed.
In Second Opinion, Goldman Sachs President Cohn meets with Trump to discuss a possible role for him in the new administration, a top analyst says Apple's iPhone 8 will shatter previous sales records and Samsung Electronics considers split as investor pressure builds.
Ytel, a provider of B2B communications solutions, has raised an undisclosed amount of funding. The backers were Argentum and Marwit Capital. In conjunction with the investment, Argentum's Daniel Raynor and Marwit's Matthew Witte have been added to Ytel's board of directors.
SintecMedia, which is backed by Francisco Partners, will acquire Operative Media, a digital advertising business management solutions provider for major media companies. No financial terms were disclosed. GCA Advisors served as as exclusive financial adviser on the transaction.
China-based Innovent Biologics Inc, a biopharmaceutical company, has raised $260 million in Series D financing. The investors included Future Industry Investment Fund, China Life Private Equity Limited, Milestone, Ping An, Taikang Insurance Group, Legend Capital, Temasek and Hillhouse Capital.
SonarSource, a Swiss provider of products that help customers manage the code quality of their applications, has raised $45 million in funding. The investor was Insight Venture Partners. In addition to this investment, Richard Wells, managing director of Insight Venture Partners and Matt Gatto, a vice president at the venture capital and private equity firm, have been added to SonarSource's board of directors.
Montreal-based Worximity Technology, a producer of smart industrial technologies, has inked an agreement to secure $2 million in financing. The investors are W3 Investments, the Fonds de solidarité FTQ and BDC Capital.