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.
Blackstone is buying a majority of Servpro via a recap. Financial terms weren’t announced. Servpro is a cleaning and emergency restoration company. The Wall Street Journal pegged the deal at $1 billion.
3 min read · 26 March 2019
Abcom Computer Rental Inc, a portfolio company of Dublin Clark & Co, has acquired SmartSource® Computer & Audio Visual Rentals. Financial terms weren’t announced. Kirtland Capital Partners is the seller. SmartSource, of Hauppauge, New York, provides computer, audio visual and technology solutions for businesses and events. BB&T Capital Markets served as financial adviser to SmartSource.
2 min read · 26 March 2019
Breakaway Capital has provided a $14 million loan to People's Care Holdings Inc to refinance their existing debt. People’s Care, of Chino Hills, California, provides specialized care services to adults and children with intellectual and developmental disabilities, as well as to seniors and other individuals with unique care needs.
1 min read · 26 March 2019
HCAP Partners said March 26 that it invested in Confirm BioSciences. Financial terms weren’t announced. Confirm BioSciences provides a marketing services platform that aims to handle all components of drug and wellness kit testing from sourcing to selling, including customer support and feedback to vendors.
3 min read · 26 March 2019
Las Olas Venture Capital said March 26 that it invested in Preteckt. Financial terms weren’t announced. Preteckt provides vehicle prognostics as a service to connected and autonomous vehicle manufacturers and service providers.
2 min read · 26 March 2019
Olympus Partners has acquired Tank Holding Corp for a second time. Financial terms weren’t announced. Leonard Green Partners is the seller. Tank makes and markets rotationally molded polyethylene tanks and containers under the brand names of Norwesco, Snyder, Bonar, Stratis and Bushman.
2 min read · 26 March 2019
HGGC said March 26 that it promoted the following executives to partner: Les Brown, John Block, Steven Leistner, Harv Barenz and Lance Taylor. The Palo Alto, California buyout shop said it elevated other executives including Kurt Krieger to chief legal officer.
5 min read · 26 March 2019
HGGC said March 26 that Dyal Capital Partners has acquired a passive non-voting minority stake in the firm. Financial terms weren’t announced. HGGC said the investment will have no impact on its day-to-day management or operations.
3 min read · 26 March 2019
Carlyle Group said March 25 that it completed a tender offer to buy a 49 percent stake in Orion Breweries while Nomura Capital Partners Co Ltd will own a 51 percent stake. Orion Breweries, of Japan, produces and distributes alcoholic beverages and soft drinks. Its main product is the Orion beer brand.
2 min read · 26 March 2019
Ferrero and Hostess Brands are lead contenders to buy Kellogg’s Keebler, Famous Amos and fruit snacks business, CNBC is reporting. A sale could value the brands at $1.5 billion, the story said.
1 min read · 26 March 2019
