527 Views

Apollo agrees to buy Protection 1 and ASG Security

Apollo Global Management LLC has agreed to acquire two security monitoring companies Protection 1 and ASG Security. No financial terms were disclosed for the transaction that is expected be completed in mid-2015. Both companies will merge and operate under the Protection 1 brand. Credit Suisse, Barclays, Deutsche Bank, Jefferies and RBC are providing the financing for the deal. Morgan Stanley and Raymond James are providing financial advice to Protection 1 while Goldman Sachs is doing likewise for ASG Security.

202 Views

PeerIQ expands team with new addition

New York City-based financial information services company PeerIQ has hired Deepak Agnani as head of financial products. Previously, Agnani worked at Markit where he served as head of U.S. indices. PeerIQ is backed by Uprising; John Mack, former chairman and CEO of Morgan Stanley; Vikram Pandit, former Citigroup CEO; Arthur Levitt, former SEC chairman; and Eric Schwartz, former co-CEO of Goldman Sachs Asset Management.

126 Views

VC-backed Shopify sets IPO pricing terms

Canada-based Shopify Inc, a commerce platform for small and medium-sized businesses, has priced its IPO of 7.7 million shares at between $12 and $14 per share. The company will list the stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbols “SHOP” and “SH” respectively. Morgan Stanley, Credit Suisse and RBC Capital Markets are serving as the lead underwriters. Shopify’s backers include OMERS Ventures, Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures.

116 Views

Intarcia racks up $225 mln

Boston-based biopharmaceutical company Intarcia Therapeutics has raised $225 million in synthetic royalty funding. According to terms of the deal, the investors, who were not named, will have the option to convert their synthetic royalty interests into Intarcia common stock at a $5.5 billion company valuation. Morgan Stanley & Co. LLC served as sole structuring agent to Intarcia on this transaction.

Belgian biotech company seeks to go public in U.S.

Belgian biotech company Galapagos NV has filed for a U.S. IPO. The company plans on listing the stock on the NASDAQ under the ticker symbol “GLPG.” Morgan Stanley, Credit Suisse and Cowen and Company are serving as lead underwriters for the U.S. IPO. The company currently trades its shares on the Euronext Amsterdam and Euronext Brussels under the ticker symbol “GLPG.” Galapagos’ backers include Johnson & Johnson, Van Herk Investments and The Capital Group Companies.

169 Views

EQT Infrastructure II to acquire WASH

EQT Infrastructure II Fund has agreed to buy El Segundo, California-based WASH Multifamily Laundry Systems, a provider of laundry services to multifamily apartments and universities. The seller is CHS Capital LLC. No financial terms were disclosed. Weil, Gotshal & Manges LLP, Bain & Company and KPMG advised EQT Infrastructure II on the deal while Moelis & Company LLC, William Blair & Co and Kirkland & Ellis LLP advised WASH. Morgan Stanley, Goldman Sachs and Natixis will provide financing for the transaction.

164 Views

PeerIQ scores $6 mln seed

New York City-based financial information services company PeerIQ has secured $6 million in seed funding. Uprising and John Mack, former chairman and CEO of Morgan Stanley, led the round with participation from other investors that included Vikram Pandit, former Citigroup CEO; Arthur Levitt, former SEC chairman; Dan Doctoroff, former CEO of Bloomberg LP; and Eric Schwartz, former co-CEO of Goldman Sachs Asset Management.

212 Views

TowerBrook to acquire J.Jill from Arcapita and Golden Gate Capital

TowerBrook Capital Partners LP has agreed to buy fashion retailer J.Jill. The sellers are Arcapita and Golden Gate Capital. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Paula Bennett will continue as president and CEO of J.Jill. Morgan Stanley and Houlihan Lokey provided financial advice to J.Jill on the deal while Macquarie Group was financial advisor to TowerBrook Capital Partners.

103 Views

Fossati joins Sycamore Partners

Paul Fossati has joined Sycamore Partners as a managing director. Fossati will serve as Director of Capital Markets and will be responsible for all financings for new investments and for the firm’s portfolio companies. He was previously a Managing Director at Morgan Stanley in its Leveraged & Acquisition Finance Group.

xfiles_3171738b
349 Views

peHUB Second Opinion

In Second Opinion, Google hires Ruth Morat of Morgan Stanley as its new finance chief, President Obama recruits Twitter vet Jason Goldman as the White House’s first chief digital officer and the “X-Files” returns to Fox after 13 years.

171 Views

EQT Infrastructure to sell Swedegas to Enagás and Fluxys

EQT Infrastructure Limited has agreed to sell Swedegas to Enagás Internacional S.L.U. and Fluxys Europe B.V. No financial terms were disclosed for the transaction that is expected to be completed by mid-April. Morgan Stanley, Vinge and KPMG advised EQT Infrastructure on the deal. Swedegas owns Sweden’s entire gas transmission network.

150 Views

Carlyle closes two CLO funds at about $1.2 bln

The Carlyle Group has closed two CLO funds in the U.S. and Europe at about $1.2 billion. Morgan Stanley arranged the $670  million U.S. CLO while Barclays arranged the $527 million European CLO. Both CLOs will focus mostly on senior secured bank loans.

PE HUB Community

Join the 12518 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget