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Portfolio Company Updates

SpaceX gets almost $900 million in federal subsidies to deliver broadband to rural America
The US government plans to give SpaceX nearly a billion dollars to beam internet from space to people across rural America, where three out of five

McCormick buys hot-sauce maker Cholula
Seasonings company pays $800 million to private-equity firm L Catterton for the brand

SpaceX launch kicks off regular commercial flights into orbit
Just before 7:30 p.m. U.S. eastern time, a SpaceX Falcon 9 rocket thundered through the nighttime sky over Cape Canaveral, Florida, carrying four astronauts to the International Space Station.

Callaway and TopGolf to combine, creating a global golf and entertainment leader
Callaway (NYSE:ELY) and Topgolf Entertainment Group (“Topgolf”) today announced that the companies have entered into a definitive merger agreement. Under the terms of the agreement, Callaway

Dallas eyecare group says there’s more to come after recently completing 12 acquisitions
The eyecare platform of a Dallas firm recently completed 12 acquisitions, and is on track to own and operate more than 200 practices by the end

Secondhand clothing is more popular than ever. Even in a pandemic
Big clothing chains are struggling in the pandemic, but for Christina Hurtado, sales are booming. Hurtado, a full-time nurse, sells clothing under the handle @glittermethod on

Second-Hand Luxury Still Shines at The RealReal
The coronavirus pandemic weighed on luxury consignment marketplace The RealReal’s profitability, but other numbers point to a bright future ahead. Revenue declined 21% in the quarter

Topgolf Opens Second Innovative, Open-Air Venue in Chattanooga
Topgolf Entertainment Group, a global sports and entertainment company, announced its newest venue located in Chattanooga, Tenn. will open its doors to the public on Aug. 7. The new

Topgolf on Public Course
Topgolf is reportedly in talks to go public in a merger with the special purpose acquisition company Churchill Capital Corp. II. The Dallas-based entertainment company was rumored to

Topgolf Said in Talks to Go Public Via Churchill Capital
Topgolf International Inc., an operator of driving ranges with a party atmosphere, is in talks to go public through a merger with the blank-check company Churchill Capital

After raising millions, Austin’s FlashParking makes first acquisition
Six months ago, FlashParking raised $60 million for growth. Now the Austin-based company, which develops technology for managing parking lots, is putting that money to work

Leading Clean Nutrition Brand, Orgain, to Provide 100,000 Clean Protein Shakes
Orgain, known for its best-selling Organic Plant Based Protein Powder and maker of the first ever Organic Nutrition Shake, announced its commitment to donate 100,000 Clean