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Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com:
McKesson considers IT unit merger with Change Healthcare: Reuters
Posted: 6/21/2016
McKesson Corp (MCK.N), one of the largest U.S. drug distributors, has held talks about merging its information technology unit with healthcare technology company Change Healthcare Inc, sources told Reuters News.
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CPPIB promotes Alain Carrier, Suyi Kim and Deborah Orida
Posted: 6/22/2016
Canada Pension Plan Investment Board has made three new senior management appointments.Alain Carrier, who has recently led CPPIB's European operations from London, has been appointed senior managing director, head of international. He will be responsible for the pension fund's globalinvestment activity, including in Europe. Additionally,Suyi Kim has been appointed managing director, head of Asia, whileDeborah Orida has been appointed managing director, head of private equity in Asia. Last month, Mark Machin became CPPIB's president and CEOas a result ofMark Wiseman's departure to BlackRock Inc.
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Boston venture firm .406 Ventures promotes one and hires another
Posted: 6/21/2016
Boston-based venture firm .406 Ventures has promoted Payal Agrawal Divakaran to principal and hired Rob McCall as senior analyst. Divakaran is a former associate at Spectrum Equity while McCall was a mid-market account manager at EMC2.
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Solvay kicking off disposals of two units, say sources: Reuters
Posted: 6/23/2016
Belgian chemicals group Solvay is pressing ahead with the sale of two non-core units as part of its efforts to streamline operations and refocus on specialty materials, sources told Reuters.
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EIV Capital and partners commit $100 mln to H2O Midstream
Posted: 6/21/2016
EIV Capital and several of its institutional partners made an initial funding commitment of $100 million inH2O Midstream, LCC. Headquartered in Midland, Texas, the company is pursuingenergyopportunities related to water infrastructure throughout North America.
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Snow Phipps acquires ECRM from BV
Posted: 6/23/2016
BV Investment Partners has sold ECRM to Snow Phipps Group. No financial terms were disclosed. Robert W. Baird & Co. served as financial adviser to ECRM and BV on this transaction. ECRM is a software, data and integrated services provider for consumer product makers and retailers.
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Trooly nets $10 mln Series A
Posted: 6/20/2016
Consumer reporting agency Trooly has secured $10 million in Series A funding. The investors were Bain Capital Ventures and Milliways Ventures.
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Trinity Hunt appoints new VP while upping another to principal
Posted: 6/21/2016
Trinity Hunt Partners has promoted Blake Apel to principal. Also, the Dallas-based private equity firm has hired Garrett Greer as a vice president. Previously, Apel was a vice president at Trinity Hunt while Greer worked at Lone Star Investment Advisors where he served as a vice president.
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Thoma Bravo buys Bomgar
Posted: 6/23/2016
Thoma Bravo LLC said June 23 that it completed its buy of Bomgar. TA Associates was the seller. Financial details were not disclosed. Bomgar provides secure access software.
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Wall Street bankers in London ponder life post Brexit: Reuters
Posted: 6/24/2016
(Reuters) Big Wall Street banks are scouring Europe to find a new home following the Brexit vote. JPMorgan Chase & Co is considering changes to its legal entity structure in Europe, as well as moving some of its 16,000 U.K.-based employees, according to a staff memo signed by Chief Executive Officer Jamie Dimon and other senior executives.
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Private equity warms up to oil deals with $1 trillion warchest: EY
Posted: 6/21/2016
The world's private equity funds, with a cash pile of around $1 trillion, are stepping up their interest in the oil and gas industry, with almost a half expecting to buy assets in the sector over the next year, Reuters News reported citing a survey.
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Raymond James adds new MD to team
Posted: 6/21/2016
Raymond James has hired Brendan Tierney as a managing director for its industrials investment banking practice. Previously, Tierney worked at Janney Montgomery Scott where he led the industrials practice.
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