Aquiline Capital, which invests in real estate technology, raises fourth PE fund. Latam Airlines files for bankruptcy, as people cut back on traveling. Texas Capital and Independent Bank call off merger. Merck buys coronavirus vaccine maker. Apax backs used car auction company. Sun Capital celebrates 25th anniversary.
“Zoom from home, while effective, does not replace being on the road," says Sterling Investment's Amy Weisman about dealmaking from home under quarantine. Mergers & Acquisitions' has opened up the nominations for the 2020 Rising Stars of Private Equity. Sun Capital exits restaurant chain Boston Market.
Manufacturers have turned to robots for help to meet labor demand, sparking deal activity. Batter Ventures raises two funds to target software businesses. More PE news from Brentwood, Sun Capital, Center Rock, IOP.
A tight labor market, trade issues and the upcoming presidential election are all presenting challenges for the manufacturing industry, but that may be good news for M&A in the sector. One important area of investment is robotics.