I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
ADM Capital Europe said June 3 that it led a $5 million round for Moleaer. Existing investor Energy Innovation Capital participated in the round. Moleaer is developing industrial-scale nanobubble generators for indoor farming, metal separation, wastewater treatment and oil recovery.
3 min read · 04 June 2019
Bestop Inc, a portfolio company of Kinderhook Industries LLC, said June 4 that it acquired Softopper LLC. Financial terms weren’t announced. Softopper, of Boulder, Colorado, designs, makes and distributes convertible soft tops for light-duty pickup trucks and SUV's.
3 min read · 04 June 2019
Bregal Sagemount has invested in Procurement Advisors LLC. Financial terms weren’t announced. Procurement Advisors, of Atlanta, is a group purchasing organization focused on the maintenance, repair, and operating supplies market. PA founders Suja Katarya and Keith Brower will continue to retain a stake.
2 min read · 04 June 2019
2 min read · 03 June 2019
Gcom Software LLC, which is backed by Sagewind Capital, said June 3 that it acquired Gantech Inc. Financial terms weren’t announced. Gantech provides consulting and technical services to the State of Maryland.
2 min read · 03 June 2019
Welsh, Carson, Anderson & Stowe said June 3 that it agreed to buy Green Street Advisors from Golden Gate Capital. Financial terms weren’t announced. Management will re-invest a portion of their proceeds. Green Street provides real estate research, analytics, and data on both the listed and private markets.
4 min read · 03 June 2019
Mustad & Son has acquired TUF-Line. Financial terms weren’t announced. TUF-Line is the recreational fishing line business of Western Filament. Verdane Capital acquired a controlling stake of Mustad in 2017. Houlihan Lokey acted as financial adviser while Harper Meyer Perez Hagen Albert Dribin & DeLuca LLP was counsel to Mustad.
3 min read · 03 June 2019
Providence Strategic Growth, the growth arm of Providence Equity Partners, has invested in Validity. Financial terms weren’t announced. Silversmith Capital Partners, a founding investor in Validity, also participated in the deal. Validity, of Boston, provides data integrity and compliance software, according to PitchBook.
4 min read · 03 June 2019
Financial Technology Partners said June 3 that Mohit Agnihotri has joined the firm as a managing director based in London. Mohit most recently was the global head of payments and senior FinTech banker at JP Morgan.
3 min read · 03 June 2019
United Group, a portfolio company of BC Partners, has agreed to buy the Croation business of Tele2 AB for 220 million euros ($245.7 mln). The deal is expected to close before the end of 2019. David D’Souza, David Higgins and Neel Sachdev of Kirkland & Ellis advised BC Partners.
2 min read · 03 June 2019
