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.
Swanton Care & Community, a portfolio company of Apposite Capital, said May 14 that it acquired Values in Care Ltd and GRS Care Ltd. Financial terms weren’t announced. Values in Care, of East Wales, is a specialist residential care provider for adults with complex learning disabilities, complex mental health and challenging needs. GRS Care provides supported living & domiciliary care in South West Wales.
2 min read · 14 May 2019
ArchiMed said May 14 that its 70 million euro takeover of Bomi Group has closed. ArchiMed has acquired the more than 99 percent of Bomi Group, which provides transport, warehousing and supply chain management services for healthcare companies.
3 min read · 14 May 2019
Lee Equity Partners LLC said May 14 that it agreed to buy a majority of K2 Insurance Services LLC. Financial terms weren’t announced. K2 is a specialty insurance holding company. Endeavour Capital and Patrick Kilkenny, a founder, are exiting. The deal calls for Aegis Security Insurance Co to be spun off and remain under Endeavour’s and Kilkenny’s ownership. Evercore advised Lee Equity while TigerRisk Capital Markets & Advisory</strong
4 min read · 14 May 2019
3 min read · 13 May 2019
Kennedy Lewis Investment Management LLC seized control of Flywheel Sports last month and is working with an adviser to gauge interest from buyers, Bloomberg reported. Flywheel Sports is known for its high-intensity indoor cycling and barre classes, the story said.
1 min read · 13 May 2019
Liquidnet said May 13 that it acquired RSRCHXchange. Financial terms weren’t announced. RSRCHXchange is a marketplace and aggregator for institutional research. Liquidnet is backed by Maverick Capital and TH Lee Putnam Ventures, PitchBook said. Nex Group invested in RSRCHXchange in 2017.
4 min read · 13 May 2019
Chico's FAS Inc said May 10 that it received an unsolicited proposal from Sycamore Partners to buy the company for $3.50 a share cash. The women’s apparel retailer said its board will review the bid, which Reuters valued at $407.8 million, and determine if it’s in the best interest of shareholders. Chico’s said that it recently rejected another unsolicited offer from Sycamore for $4.30 a share cash because the offer was too low. Goldman Sachs & Co LLC is financial adviser to Chico's FAS, while Paul, Weiss, Rifkind, Wharton & Garrison LLP is legal counsel.
4 min read · 13 May 2019
BC Partners said May 13 that it sold a majority of Acuris to ION Investment Group. Financial terms weren’t announced although press reports pegged the sale at more than 1.35 billion pounds. GIC is also selling its stake. Acuris is a financial media and data firm. ION is backed by Carlyle Group.
3 min read · 13 May 2019
Philogen SpA said May 13 that it raised 62 million euros ($69.7 million) in financing from new and private investors. Philogen is a clinical-stage biotechnology company focused on antibody-based therapeutics.
3 min read · 13 May 2019
Pamplona Capital Management said May 13 that Olaf Tensen has joined the firm as a country partner for Benelux. Tensen was previously a partner at AAC Capital for 16 years.
2 min read · 13 May 2019
