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.

145 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.

145 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.

170 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.

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
348 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.

156 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.

134 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.

146 Views

SimpliVity snags $175 mln Series D

Westborough, Massachusetts-based IT infrastructure company SimpliVity has secured $175 million in Series D funding. Waypoint Capital led the round with participation from return backers Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers and Meritech Capital Partners. Morgan Stanley was the placement agent for SimpliVity.

112 Views

VC-backed Etsy files for IPO

Brookyn-based Etsy Inc, a marketplace where people buy and sell “unique goods,” has filed for an IPO. The number of shares to be sold as well as the stock’s pricing terms have yet to be set. Etsy plans on listing the stock on the NASDAQ under the ticker symbol “ETSY.” Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are the lead underwriters. Etsy’s backers include Index Ventures, Union Square Ventures and Accel Partners.

shutterstock_73909861
450 Views

peHUB First Read

First Read kicks off your morning with news of Morgan Stanley agreeing to a $2.6 billion mortgage settlement, Google is reportedly considering a stake in Jawbone and Auto Trader plans to launch an IPO on the London Stock Exchange.

120 Views

NCino racks up $29 mln Series B

Wilmington, North Carolina-based nCino, a provider of cloud-based bank operating solutions for the financial services sector, has closed $29 million in Series B funding. Insight Venture Partners led the round with participation from other investors that included return backers Wellington Management Company LLP and former Morgan Stanley Chairman and CEO John Mack. In conjunction with the funding, Jeff Horing, a managing director at Insight Venture Partners, has been added to nCino’s board of directors.

279 Views

VC-backed semiconductor company Easic files for IPO

Santa Clara, California-based semiconductor company Easic Corp has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on listing the IPO on the NASDAQ under the ticker symbol “EASI.” Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc will serve as the lead underwriters. Easic’s backers include Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures, Seagate Technology and Evergreen Partners.

PE HUB Community

Join the 12515 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