First Read begins the week with news that Greenland tells President Trump the island is not for sale, Alibaba's Tsai buys the rest of NBA's Brooklyn Nets and Cape Cod swimmers get used to lots of sharks.
Arsenal’s WCG preps for sale, Vesey’s Feinstein talks healthcare
Ackman's Pershing Square said to buy Berkshire Hathaway stake; Providence prepares launch of first Europe-focused growth fund; Houlihan Lokey expands fintech team
First Read begins the day with news that U.S. stocks plunge as bonds flash a recession working, WeWork files to go public after losing $1.9 billion last year, and VM Ware is in talks to buy Pivotal Software at $15 a share.
Deal values in Canada’s buyout and private equity (PE) market regained steam in Q2 2019 following a slow first quarter, according to final data released by Refinitiv. PE investing reflected values of $9.3 billion in the second quarter, up 66 percent from Q1 2019 and up 9 percent from Q2 2018. Dollar flows backed some 103 deals. On balance, PE investment stood at $14.9 billion in the first half of 2019. While this is down 19 percent from a year earlier, H1 2019 was the second most dollars-intensive first half on record. Transportation sectors captured the largest share of disbursements in the first half, while manufacturing and software sectors tied for the largest share of deals.
Venture capital (VC) investment in Canadian technology companies sustained a robust pace in the second quarter of 2019, with $1.4 billion deployed across 153 financings, according to final data released by Refinitiv. This marked the most active April-through-June period in dollar terms since 2000. The number of rounds, however, were down slightly year over year. As a result, VC investment in the first half of the year hit $2.8 billion, up 12 percent from $2.5 billion invested at the same time in 2018. Life sciences sectors secured $587 million in the first half, more than the entire 2018 amount. In contrast, information technology sectors captured a relatively flat $1.7 billion.
Summit Partners said to invest in Florida's Pediatric Associates; Castle Harlan, Branford buy Sunless; Do GPs with more skin in the game become more cautious investors?
First Read ushers in the day with news that the U.S. will delay a tariff hike on Chinese-made cell phones and toys, CBS and Viacom have agreed to merge, and FTC Chairman Joe Simons says he's willing to break up big tech companies.
Coller emerges as buyer on large Ares fund revamp; PE-backed WIRB-Copernicus gears up for sale; Vista Equity sells stake in Advanced to BC Partners
First Read begins the day with news that Oregon has joined a states' lawsuit to block the T-Mobile/Sprint merger, Goldman Sachs CEO is not worried about a recession, and Verizon is selling Tumblr to Automatic.