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.
Newstrike Brands said March 28 that it invested $5 million in Green Tank Technologies, of Toronto, which makes cannabis vape hardware and technology.
4 min read · 28 March 2019
Monroe Capital LLC said March 28 that it increased its loan to ProPharma Group, which is buying The Weinberg Group Inc and Southwood Research. ProPharma is a portfolio company of Linden Capital Partners.
2 min read · 28 March 2019
SK Holdings Co Ltd has agreed to invest $300 million in Blue Racer Midstream LLC, a portfolio company of First Reserve. Blue Racer owns, operates, and develops midstream assets in the Utica and Marcellus Shale plays of the United States.
3 min read · 28 March 2019
Riverside Co said March 28 that Karsten Langer was named managing partner of Riverside Europe Fund. He succeeds Tony Cabral as Riverside managing partner. Cabral remains a senior member of the REF investment committee with the title of founding partner.
3 min read · 28 March 2019
ClearCourse Partnership LLP said March 28 that it acquired Circdata. Financial terms weren’t announced. Circdata, of the U.K., a provider of event technology.
3 min read · 28 March 2019
Sycamore Partners is looking to take a $1 billion dividend out of Staples that will saddle the company with about $1 billion of debt, Bloomberg is reporting. Sycamore will recoup roughly two-thirds of the $1.6 billion it put up to take Staples office supply business private 18 months ago, leaving around $600 million equity in the unit, the story said.
1 min read · 28 March 2019
Bain Capital Double Impact has acquired a majority of Rural Sourcing. Financial terms weren’t announced. Rural Sourcing, of Atlanta, provides onshore outsourced digital technology and IT services that taps talent located in small and mid-size cities across America. Bank of Montreal provided debt financing. Morris, Manning, & Martin LLP provided legal representation to Rural Sourcing, while Goodwin Procter represented Bain Capital Double Impact.
4 min read · 27 March 2019
Alpha Foods said March 26 that it raised $7 million in funding co-led by New Crop Capital and AccelFoods. AlphaFoods makes plant-based meals that aims to make it convenient for consumers to choose a meatless life or a meatless Monday.
4 min read · 27 March 2019
Bessemer Investment Partners LLC said March 27 that it acquired KorMex Foods Inc. Financial terms weren’t announced. MAS Restaurant Group LLC, the Bessemer platform that owns the KorMex assets, operates 73 Taco Bell restaurants, including two co-branded KFC and six co-branded Pizza Hut Express locations, in Houston and surrounding markets.
2 min read · 27 March 2019
The Stephens Group LLC said March 26 that it acquired Sound Seal Holdings Inc. Financial terms weren’t announced. Sound Seal, of Agawam, Massachusetts, makes acoustical noise control solutions.
2 min read · 27 March 2019
