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.
All States Ag Parts LLC, a portfolio company of Kinderhook Industries LLC, said May 16 that it acquired John F. Mahaney Co. Financial terms weren’t announced. John F. Mahaney, of Sacramento, California, distributes professional-grade tools and supplies to the agricultural and industrial markets.
3 min read · 16 May 2019
Golden Gate Capital said May 16 that it agreed to sell ArrMaz to Arkema Group for about $570 million. ArrMaz produces specialty chemicals for the mining, crop nutrients, asphalt paving, and other industries.
3 min read · 16 May 2019
Wheel Pros, a Clearlake Capital portfolio company, has combined with MHT Luxury Wheels Inc. Financial terms weren’t announced. MHT shareholders have invested in the combined company while founder Art Hale Jr, MHT’s CEO continues to be involved in product design and operations and is a member of the board of directors of the combined company. MHT, of Rancho Dominguez, California, is a custom wheel manufacturer.
4 min read · 16 May 2019
2 min read · 15 May 2019
Lexington raises $10B for latest secondaries fund; KKR to buy Corel from Vector; CalPERS develops plan to reboot PE co-investments
2 min read · 15 May 2019
General Atlantic said May 15 that Pedro Parente will join the firm as chairman of Brazil, as of June 18. Parente is currently the chairman and CEO of food company BRF.
3 min read · 15 May 2019
Crowdstrike, the cybersecurity company, filed May 14 to go public, according to an SEC filing. The company plans to trade on the Nasdaq under the ticker “CRWD.” Crowdstrike, of Sunnyvale, California did not reveal how many shares it would sell or their offer price. That will come in future filings. Crowdstrike is backed by Warburg Pincus, Accel and Alphabet.
1 min read · 15 May 2019
OpenGate Capital said May 15 that it acquired the silicon carbide division of Saint-Gobain SA. Financial terms weren’t announced. The business will be renamed Fiven A/S. Fiven provides Silicon Carbide grains and powder that are used in applications including metallurgy, refractory materials, filtration products and technical ceramics.
3 min read · 15 May 2019
Michael Spence, a renowned economist and Nobel Laureate, has joined General Atlantic as a special adviser. Dr. Spence, currently a professor of economics at New York University, is an expert in macro and micro economic growth.
3 min read · 15 May 2019
CenterOak Partners LLC said May 15 that it completed a majority investment in Service Champions. Financial terms weren’t announced. CEO Leland Smith is retaining a stake. Service Champions, which is merging with CenterOak portfolio company Moore Home Services, provides residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services.
3 min read · 15 May 2019
