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Buyout Firm Aea Explores $2B Sale Of 1-800 Contacts: Sources

Private equity firm AEA Investors is exploring a sale of 1-800 Contacts Inc that could value the U.S. contact lens retailer at more than $2 billion, including debt, according to people familiar with the matter.
Read by 72% of LPs 1 hour, 23 minutes ago

3d Imaging System Innovator Gelsight Raises $10M In Series B Funding Round

Aviation Executive David Hurley, US Navy Vice Admiral David Buss (Ret. ), US Air Force Lieutenant General Judith Fedder (Ret.) join Board of Directors WALTHAM, Mass., January 24, 2020-- GelSight, the developer of industrial 3D imaging solutions for the aerospace, automotive, and other electronics industries, today announced that it has raised $10 million in new funding. The Series B round was led by industrial technology-focused venture capital firm Anzu Partners. The funding will be used to accelerate GelSight's growth as adoption of its unique elastomeric-based imaging system gains deeper traction with major aerospace customers around the globe.
Read by 67% of LPs 1 hour, 33 minutes ago

Hotel Disruptor, Life House, Raises A $30M Series B To Make Beautiful Hotels More Affordable & More Authentic

Hotel Disruptor, Life House, Raises a $30M Series B to Make Beautiful Hotels More Affordable & More Authentic The industry's leading investors recognize the advantage that Life House's software-driven platform and scalable authentic brand have in an increasingly competitive hotel landscape. The investment will support the Company's rapid growth into new markets with a clear path to profitability by 2021. NEW YORK, January 24, 2020-- Life House, a tech-enabled lifestyle hotel company, announced the closing of a $30 million Series B fundraise.
Read by 65% of LPs 1 hour, 33 minutes ago

European Pe Fundraising Hit New Annual Record In 2019, Despite Ongoing Geopolitical Uncertainty

PitchBook Analysts Find European Private Equity Raised EUR86.4 Billion Across 89 Vehicles in 2019 with Strong Performance Expected in 2020 SEATTLE, January 24, 2020-- PitchBook, the premier data provider for the private and public equity markets, today released its 4Q 2019 European PE Breakdown, revealing European private equity (PE) deal activity remained robust, totaling EUR453.5 billion across 3,867 deals and nearing 2018's record high. Despite the geopolitical uncertainty, deal activity in the UK and Ireland remained strong as well, particularly in sectors like IT, which hit a new annual record in deal value.
Read by 75% of LPs 3 hours, 3 minutes ago

Lasalle Sells Spain's Only Leed Platinum Office Building

CBRE Global Investors snapped up the refurbished heritage property in central Madrid. : LaSalle Investment Management has sold Spain's first LEED Platinum office building to CBRE Global Investors, just over a year after acquiring the Madrid asset on behalf of a German fund. Located just outside of Madrid's central business district in the Mendez Alvaro submarket, Calle del General Lacy 23 offers nearly 7,000 square meters (75,347 square feet) of office space and is fully occupied by the headquarters of Spanish energy firm Repsol's electricity and gas unit.
Read by 48% of LPs 4 hours, 33 minutes ago

Crexi Raises $30M Series B Funding To Enhance Commercial Real Estate Ecosystem

LOS ANGELES, Jan. 24, 2020 /PRNewswire/ -- CREXi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced a $30 million Series B funding round led by Mitsubishi Estate Company ("MEC"), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. "The CRE industry is evolving, and market players, especially younger, digitally native generations are seeking out platforms that provide free and open access to information," said Gavin Myers, General Partner at Prudence Holdings.
Read by 54% of LPs 4 hours, 33 minutes ago

First-of-its-kind Road Deal May Free $4.5-billion Stressed Projects | Business Standard News

Lanco is in bankruptcy court and unable to service its debt. : Cube Highways & Infrastructure is weeks away from buying a road asset of a bankrupt company, a first-of-its kind purchase that could free up about $4.5 billion worth of stressed projects. The Singapore-based firm -- backed by investors including the World Bank's financial arm, Abu Dhabi Investment Authority and I Squared Capital -- is using a novel method called 'substitution,' where lenders to insolvent Lanco Infratech are directly transferring Lanco's road assets to Cube, without routing ownership through the state-run National Highways Authority of India.
Read by 75% of LPs 5 hours, 33 minutes ago

Glenn Dubin Leaves Hedge Fund, Distances Himself From Epstein Reports

His retirement comes weeks after an investigation by Business Insider into the Dubin family's complex ties to convicted pedophile Jeffrey Epstein.
Read by 71% of LPs 6 hours, 33 minutes ago

Initial Public Offerings Scheduled To Debut Next Week - San Antonio Express-news

NEW YORK (AP) -- The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of Jan. 27 Arcuits Biotherapeutics - Westlake Village, Calif., 7.8 million shares, priced $15-$17, managed by Goldman Sachs/Cowen. Proposed Nasdaq symbol ARQT. Business: Phase 3 biotech developing topical therapies for common skin diseases. Avadim Health - Asheville, N.C., 5 million shares, priced $14-$16, managed by Raymond James/SunTrust Robinson Humphrey. Proposed Nasdaq symbol AHI. Business: Develops and sells topical products for immune, muscular and skin health.
Read by 70% of LPs 7 hours, 33 minutes ago

Bill Miller's Hedge Fund Up 120 Percent In 2019

Whitney Tilson's email to investors discussing IBM (NYSE:IBM) is a classic value trap; IBM's Accounting Tricks; David Einhorn's annual letter; Brighthouse Financial; Bill Miller's Hedge... The post Bill Miller's Hedge Fund up 120 Percent In 2019 appeared first on ValueWalk.
Read by 37% of LPs