Tribeca Venture Partners is expected to begin fundraising for its next early-stage fund in early 2020, a source said. Tribeca Venture Partners III is seeking $150 million, a person said. The hardcap for Fund III is between $200 million to $225 million, the source said. Marketing is expected to begin in the first quarter and […]
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Snapdocs Inc said Nov. 7 that it raised $25 million in Series B funding led by F-Prime Capital. Participating in the round were prior investors Sequoia Capital and Founders Fund. Snapdocs is a real estate technology platform that aims to transform the homebuying process.
Liquidnet said Nov. 7 that Patrick Strobel was named chief technology officer. Strobel recently served as CTO/domain architect for CB&S Finance and Common Data Sourcing.
Investcorp is partnering with China Resources and Fung Investments to launch a platform that will invest in food brands in Asia, specifically China, Singapore and greater Southeast Asia. Investcorp, China Resources and Fung have committed $300 million to the platform, which aims to raise $500 million.
Stephen Schwarzman, Blackstone CEO, said taking Walgreens Boots Alliance private would be a “stretch” right now as investors have become more discriminating, Bloomberg reported. “You need at least $20 billion of equity. Could you find that in today’s world? Maybe,” the story said, which quoted Schwarzman’s comments during a Reuters Newsmakers event. The Blackstone co-founder said mega-deals are “straining the system,” according to the story.
Allianz paid about $1 billion for part of Goldman Sachs’s stake in Taikang Life Insurance Co, a Chinese insurer, Bloomberg reported. Goldman sold a roughly 4 percent stake in Taikang to Allianz; Goldman will retain about 8.6 percent after the deal, the story said.
Spectrum Equity has invested in Kajabi and will have a minority stake. Financial terms weren’t announced. Kajabi, of Irvine, California, is a platform that helps individuals and business create and monetize online courses, training materials, and other content.
Coveo said Nov. 6 that it raised $227 million in funding led by OMERS Growth Equity. Existing investors participated as well as other financial institutions, including Evergreen Coast Capital, Fonds de solidarité FTQ and IQ. Québec City-based Coveo uses artificial intelligence and intelligent search technologies to personalize digital experiences for customers, partners, dealers and employees.
Media mogul Chernin raises $700 mln fund; CalSTRS’ PE costs fall; Walgreens Boots weighs going private
Staple Street Capital said Nov. 6 that an affiliate acquired Cyberlink ASP Technology Inc. Financial terms weren’t announced. Cyberlink, of Dallas, is a managed IT services firm providing cloud, managed application, network, storage, desktop and security services.
Halifax Group said Nov. 6 that it invested in AAMP Holdings Inc. Audax Private Equity is the seller. Financial terms weren’t announced. AAMP, Clearwater, Florida, designs and distributes a suite of technology products for the automotive aftermarket.
L Catterton Latin America has invested in OdontoCompany. Financial terms weren’t announced. OdontoCompany is a dental clinic franchisor in Brazil with over 700 clinics.
Enhanced Healthcare Partners and Bourne Partners Strategic Capital have acquired Pharmaceutical Associates Inc. Financial terms weren’t announced. PAI makes and markets generic liquid pharmaceuticals for hospitals, independent pharmacies, retail chains, long-term care facilities and government agencies.
MBK Partners is seeking to raise as much as $6 billion for its fifth buyout fund, Reuters reported. MBK, set up in 2005 by ex-Carlyle Group Asia executives, plans to reach a first close by the end of November and a final close by the second half of next year, the story said. MBK targets companies in consumer, tech and financial services in South Korea, China and Japan, Reuters said.
Walgreens Boots Alliance Inc is weighing going private following interest from private equity, Reuters reported. Walgreens has hired Evercore to explore whether a deal can be put together, the story said. KKR recently held informal talks to take Walgreens Boots private, Bloomberg said. Such a deal could be the biggest leverage buyout in history; Walgreens Boots has a market value of about $55 billion and $16.8 billion of debt, Bloomberg said.
HCAP Partners said Nov. 6 that it invested in TCS Healthcare Technologies. Financial terms weren’t announced. TCS Healthcare, of Auburn, California, develops population health and managed care software.