Morning Hubs! This is Chris, on for Wire Wednesday. • Scott Graves, Ares PE bigwig, to leave firm • GTCR explores its massive Worldpay investment • HarbourView buys into hip-hop/R&B catalog Moves Big moves over at Ares Management. PE Hub reporter Iris Dorbian confirmed that Scott Graves, head of the firm’s special opportunities strategy and co-head of the firm’s private equity group, will leave on March 1. Read more at the premium version of the Wire. Payment GTCR made the largest investment in its history with its acquisition of payment tech company Worldpay at a valuation of $18.5 billion. The firm bought a 55 percent stake in the company for $11.7 billion from FIS, which is retaining a stake. “There is a plethora of opportunities, and we are very enthusiastic about what we can do with the Worldpay team,” said Aaron Cohen, a managing director and head of financial services and technology at GTCR. Get more details at the full version of the Wire. Emerging One of the new firms we’ve been tracking, HarbourView Equity Partners, agreed to acquire songwriting and publishing assets of music group and production team Full Force. The portfolio includes NSync, BackStreet Boys, Lisa Lisa and Cult Jam. That’s it for me! Hit me up with tips n’ gossip, feedback or book recommendations at [email protected] or find me on LinkedIn. Read the full wire commentary on PE Hub ... |