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.
3 min read · 21 May 2019
Clayton, Dubilier & Rice said May 21 that it invested $150 million in MOD Super Fast Pizza Holdings LLC. It’s unclear how big CD&R’s stake is in MOD, an operator and franchisor of a fast casual pizza chain.
4 min read · 21 May 2019
William Blair said May 21 that Maarten Meurs is joining the IB as a managing director in its financial sponsors group. Meurs was previously with ABN AMRO Bank in Amsterdam.
2 min read · 21 May 2019
Broadridge Financial Solutions said May 21 that it agreed to buy RPM Technology for about $300 million. RPM provides enterprise wealth management software solutions and services. Bayshore Capital is the seller.
5 min read · 21 May 2019
Madison Dearborn Partners LLC and HPS Investment Partners said May 21 they are increasing their stakes in The Ardonagh Group, a UK insurance broker. MDP and HPS are buying shares from certain existing institutional investors and other minority shareholders for 92 million pounds ($117 million). Of the 92 million pounds, 82 million pounds came from MDP while 10 million pounds was from HPS. Following the deal, MDP will own 43 percent of Ardonagh, while HPS will have 54 percent.
2 min read · 21 May 2019
Ascena retail group inc said May 20 that its Dressbarn brand is winding down. Ascena said the decision would have no impact on the operations of any of its other brands. Dressbarn is a women's clothing chain with about 650 stores.
2 min read · 21 May 2019
Pivotal Acquisition Corp, a blank check company, said May 20 that it agreed to buy KLDiscovery. The Wall Street Journal valued the deal at $344.5 million. KLDiscovery, an electronic discovery and data recovery services provider, is backed by Carlyle Group and Revolution Growth. Carlyle and Revolution will retain and roll over their shares, which are subject to a lockup period alongside Pivotal founders.
9 min read · 21 May 2019
Monroe Capital LLC said May 21 that increased its loan to Mammoth Holdings to support its buy of FLCW LLC, which does business as Finish Line Car Wash.
2 min read · 21 May 2019
Equistone Partners Europe said May 21 that Will Copeland was named an investment manager in its Birmingham office. Copeland was previously with BGF. Equistone said Ed Baker was promoted to the role of investment director in its London office.
3 min read · 21 May 2019
Graycliff Partners LP said May 21 that Brian O’Reilly has joined its credit team as a managing director. O’Reilly co-founded CVC Credit Partners’ U.S. middle market lending platform.
2 min read · 21 May 2019
