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.
Newell Brands said March 18 that it agreed to sell its process solutions business to One Rock Capital Partners LLC. Newell said after tax proceeds from the sale were anticipated to be $500 million. Process Solutions makes plastic, nylons, monofilament, and zinc products that aim to solve both industrial and consumer challenges.
2 min read · 18 March 2019
Israel Infrastructure Partners said March 18 it has launched its $350 million debut fund, IIP I. IIP, of Tel Aviv, invests in sectors including defense, communications, energy, power & renewables, transportation, utilities and water.
2 min read · 18 March 2019
Thomas Prins, a principal of TQP Capital Partners, has joined Hostmark Hospitality Group as a minority partner. Prins will be responsible for new business development on behalf of Hostmark and TQP Capital Partners. Financial terms weren’t announced. Hostmark manages full-service, select-service, resort and independent properties worldwide.
3 min read · 18 March 2019
Wellfleet Credit Partners, the credit business of Littlejohn & Co, said March 18 that Wellfleet CLO X closed on $314.8 million. Wellfleet has approximately $4.2 billion in assets under management.
2 min read · 18 March 2019
Continental Services, a portfolio company of New Heritage Capital, said March 18 that it acquired Sterling Services. Financial terms weren’t announced. Sterling Services, of Canton, Michigan, provides corporate food services including dining, micro markets, vending and office coffee.
2 min read · 18 March 2019
Black Dog Venture Partners said March 18 that it acquired a 10 percent stake in Chronic Internet. Financial terms weren’t announced. Chronic Internet, a holding company, owns a portfolio websites focused on the cannabis industry without the direct sale of any cannabis products.v
2 min read · 18 March 2019
Advancing Eyecare, a portfolio company of Atlantic Street Capital, has named Brad Staley its CEO effective immediately. Most recently, Staley was CEO of United Scope.
4 min read · 18 March 2019
MUIS Software, which is backed by Main Capital Partners, said March 18 that it is buying Ctrl BV. Financial terms weren’t announced. Deloitte is the seller. Ctrl, of Heemskerk, the Netherlands, provides an online collaboration platform for financial service providers within the SME market and larger companies.
5 min read · 18 March 2019
LeanData said March 18 that it secured $27.5 million in financing led by Tenaya Capital. Industry Ventures participated in the round along with existing investors Shasta Ventures, Sapphire Ventures and Correlation Ventures. LeanData provides lead-to-account matching, routing and marketing attribution solutions.
3 min read · 18 March 2019
Ardian said March 18 it acquired a minority stake in Eloquant. Financial terms weren’t announced. The investment was part of an owner buyout (OBO) alongside its existing investors and management. Eloquant is a SaaS software publisher specializing in multichannel customer relations management.
3 min read · 18 March 2019
