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SPACs dominate IPO market with PayPal co-founder Peter Thiel, LinkedIn founder Reid Hoffman and Virgin Group founder Richard Branson looking to raise funds. Deal news from UnitedHealth, KKR and TH Lee.September 24
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Included in the promotions was Kim Posnett, who was named co-head of the investment-banking services unit. Posnett is the first woman to lead the operation and the youngest person to ever hold the role.September 22
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Illumina buys cancer research startup Grail. ByteDance reaches deal with Oracle and Walmart for TikTok assets. Microsoft makes its biggest video game acquisition ever. Blue Sage raises third Fund. More PE news from Carlyle, TA and Sagewind.September 21
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Carlyle backs Victory Innovations, which is seeing a high demand for its sprayers, as businesses adopt stringent cleaning practices in the pandemic. Virgin Group founder Richard Branson raises SPAC. Antares closes first senior loan fund. PE news from Clearlake and GI.September 17
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Merger Monday: Gilead buys Immunomedics to boost cancer treatment portfolio. Nvidia purchases Softbank's chip division. Verizon buys Tracfone. PE news from TH Lee and FP.September 14
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Carlyle backs Grand Rounds, as demand for virtual healthcare services grows. J.C. Penney reaches deal to sell to landlords. Stone Point, Omnitracs and Leeds Equity make software-related deals.September 10
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GI Partners closes first fund to invest in data centers, as the pandemic underlies the importance of data infrastructure. GM takes stake in Nikola to partner on producing electric pickup trucks. PE news from Silver Lake, Apax and Levine Leichtman. Bofa invests in three Black-owned banks.September 8
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The second-largest U.S. lender took stakes in First Independence, Liberty Financial Services and SCCB Financial.September 8
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Pharmaceutical giants including AstraZeneca, GlaxoSmithKline and J&J race to develop a coronavirus vaccine. Blackstone Group and Global Infrastructure Partners reportedly offer to buy railroad operator Kansas City Southern. Roark buys ServiceMaster Brands.September 3
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Market size and product quality are important factors, but private equity firms must also gauge a portfolio company’s character and ability to withstand economic turbulence.September 2
Vice presidentSaggezza
