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.
Vista Global said April 10 that it agreed to buy JetSmarter. Financial terms weren’t announced. JetSmarter, of Fort Lauderdale, Florida, provides a mobile app that connects travelers to private jets, PitchBook said. As part of the deal, Clearlake Capital and Jefferies Financial Group will become shareholders of Vista Global.
4 min read · 10 April 2019
Eli Miller is joining the Blackstone Group, Axios reported. Miller, 36, was most recently chief of staff to Treasury Secretary Steven Mnuchin. Miller will work on public policy at Blackstone, Bloomberg said.
1 min read · 10 April 2019
BioTek Instruments Inc is exploring options including a sale, Bloomberg is reporting. Healthcare companies and investment funds have expressed a preliminary interest in BioTek, a U.S. medical device maker, the story said. BioTek could be valued at $1 billion, Bloomberg said.
1 min read · 10 April 2019
Horizon Capital said April 10 that it acquired a minority stake in Dobrobut. Financial terms weren’t announced. Dobrobut is a private healthcare services provider in Ukraine.
3 min read · 10 April 2019
Gemspring Capital said April 9 that an affiliate invested in Valant Medical Solutions Inc. Financial terms weren't announced. Valant, of Seattle, provides a suite of electronic healthcare record (EHR) and practice management solutions to over 2,000 behavioral health practices across the United States.
2 min read · 10 April 2019
Primeritus Financial Services Inc, a portfolio company of Kinderhook Industries LLC, said April 10 that it acquired Consolidated Asset Recovery Systems. Financial terms weren't announced. Greenridge Investment Partners and management were the sellers. Consolidated Asset Recovery Systems, of Raleigh, North Carolina, is a service provider of recovery management, skip tracing, and remarketing services to the auto finance industry.
3 min read · 10 April 2019
Deutsche Börse AG said April 9 that it agreed to buy Axioma for $850 million and plans to combine the company with its index business. General Atlantic is investing $715 million. Deutsche Borse will have 78 percent of company, while GA will have 19 percent and Axioma management will have three percent. Axioma provides portfolio and risk management software solutions. VC investors include Third Stream Partners, Goldman Sachs Group, NYCA Partners, and Salmon River Capital, PitchBook said.
6 min read · 09 April 2019
Genstar Capital said April 9 that it acquired Ohio Transmission Corp. Financial terms weren’t announced. Ohio Transmission, of Columbus, distributes highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors.
2 min read · 09 April 2019
Eastman Kodak Co said April 9 that it closed the sale of its flexographic packaging division to Montagu Private Equity LLP. Kodak will receive about $320 million in proceeds. The flexographic packaging now operates as a standalone company known as Miraclon. The deal was announced in November.
2 min read · 09 April 2019
iMod Structures said April 9 that it raised $11 million in Series A round led by Goldman Sachs Urban Investment Group. iMod, of Mare Island, California, makes modular classrooms.
4 min read · 09 April 2019
