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.
The Kroger Co and Lindsay Goldberg said May 14 that they have formed a platform, PearlRock Partners, that will invest in consumer product brands. The platform will be a part of Kroger’s alternative profit streams portfolio.
4 min read · 15 May 2019
Artesyn Embedded Technologies Inc, a Platinum Equity portfolio company, has agreed to sell its embedded power business to Advanced Energy Industries Inc for about $400 million. Artesyn’s embedded power business supplies and makes power conversion products, including AC-DC power supplies, DC input devices and board mounted DC-DC modules.
3 min read · 15 May 2019
2 min read · 14 May 2019
Cove Hill Partners LP said May 14 that it invested in NetDocuments. Financial terms weren’t announced. NetDocuments, a Clearlake Capital Group portfolio company, provides a cloud-based content services platform for law firms and corporate legal and compliance departments.
4 min read · 14 May 2019
Superbet said May 14 that Blackstone has invested 175 million euros ($196.6 million) in the company for a minority stake. Superbet is a sports betting and gaming operator in Romania.
2 min read · 14 May 2019
CITIC Capital Holdings Ltd has invested in Cityneon Holdings. Financial terms or the size of CITIC’s stake weren’t announced. Cityneon partners with major movie and gaming studios globally to secure IPs to hold exclusive exhibitions to create iconic experiences for their audience.
4 min read · 14 May 2019
Riverside Partners LLC said May 14 that it completed a majority investment in 3Play Media Inc. Financial terms weren’t announced. 3Play Media provides video captioning, transcription, subtitling, and audio description services to more than 2,500 customers across industries.
3 min read · 14 May 2019
HealthpointCapital is taking a controlling stake in CrossRoads® Extremity Systems. Financial terms weren’t announced. CrossRoads Extremity is a medical device company that is developing foot and ankle implant systems and services. MB Venture Partners, a seller, and CrossRoads' management team will remain investors.
4 min read · 14 May 2019
Spur Energy Partners LLC and KKR said May 14 that they formed a partnership to buy the Permian Northwest Shelf assets of Percussion Petroleum LLC. Financial terms weren’t announced. The deal includes interests in about 380 gross producing wells and 22,000 net acres situated in the core of the Yeso formation in Eddy & Lea Counties, New Mexico, as well as associated water and midstream assets.
3 min read · 14 May 2019
Two senior dealmakers from KKR have launched All Seas Capital Partners, a European private credit firm, that plans to kick off fundraising later this year, the Wall Street Journal reported. Marc Ciancimino, KKR's former head of European credit, and Cristobal Cuart set up All Seas earlier this year but have yet to set an official target, the story said.
1 min read · 14 May 2019
