Quantum Energy collects $750M for debut structure-capital fund; Calpers considers board confidentiality rules ahead of PE rollout; Blackrock invests $875M in Authentic Brands Group
First Read kicks off the week with news that disgraced former financier Jeffrey Epstein commits suicide in jail rather than face trial on sex trafficking charges, AMS reenters the bidding for German's Osram, and Hong Kong grounds all flights due to protests.
First Read closes out the week with news that Salesforce is buying Israel's ClickSoftware for $1.35 bln, former FBI Deputy Director Andrew McCabe sues the Justice Department over his firing and Facebook offers millions to news outlets to share content for news section.
Centerbridge walks away from $1.5B GoHealth deal; Ardian eyes North America-based companies with next buyout fund; Francisco sells ClickSoftware to Salesforce for $1.4B
First Read begins the day with news that Lanxess and Bayer are selling a chemical park operator to Macquarie for $3.9 billion, FedEx is ending its ground deliveries for Amazon, and the duo behind “Game of Thrones" have signed with Netflix to create new TV shows and feature films.
Canada’s venture capital market sustained robust levels of activity in Q2, despite somewhat fewer dollars going into the largest financings. The top 10 second-quarter rounds secured $522 million from VC funds. That’s down 4 percent from the $542 million raised by the top 10 deals a year earlier, and down 16 percent from the $625 million that went to the top deals in Q2 2017. The estimate is based on PE Hub Canada’s list of the largest financings announced from April through June, supplemented by preliminary data from Refinitiv. It indicates some moderation in the influence of big late-stage rounds, which dominated Canadian VC trends last year.
Vista Equity clinches $500 mln AltaReturn buy; Ex-Gamut execs launch firm to invest in industrials; Carlyle sells MBS Group for $650 mln
First Read kicks off the midweek with news that Nobel Laureate Toni Morrison dies at 88, Snap is looking to raise $1 billion in private debt, and 8chan's owner will appear before the House Committee on Homeland Security.
Blackstone’s GSO runs fund revamp on older credit pools; BX to buy chunk of BC Partners; Blue Wolf scoops up RHA Health in $300 mln deal
First Read begins the day with news that New Media is buying Gannett for $1.4 billion, the Dow plunges more than 950 points as China devalues its currency, and Barneys New York, the luxury retailer, files for Chapter 11 bankruptcy.