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.
Jordan Co LP said March 18 that it agreed to buy Sabre Industries Inc. Financial terms weren’t announced. Kohlberg & Co LLC is the seller. Management is also investing in the deal. Sabre, of Alvarado, Texas makes products for the utility and telecom markets, structures and complementary services for the electric transmission and wireless communication end markets.
4 min read · 18 March 2019
ParkerGale has acquired DealerBuilt. Financial terms weren’t announced. DealerBuilt, of Mason City, Iowa and Grapevine, Texas, provides a dealer management system for auto dealers nationally.
2 min read · 18 March 2019
Beekman Group said March 18 that it recapitalized Convenient Payments LLC, providing growth capital to the company. Financial terms weren’t announced. Convenient provides software-based payment solutions for customers in the government, education, and medical sectors.
3 min read · 18 March 2019
Peter Gleysteen announced March 18 the launch of AGL Credit Management LP, a private credit investment firm. The Abu Dhabi Investment Authority and a large US state pension fund have committed to invest $650 million equity in AGL. Thomas H. Lee, the private equity pioneer, is serving as non-executive chairman of AGL, while Lee's family office has invested in AGL. Gleysteen is the founder of CIFC Asset Management and former chief credit officer of JP Morgan Chase.
4 min read · 18 March 2019
Vestar Capital Partners said March 18 that Winston Song and Nikhil Bhat were promoted to managing director while Jonathan Williams was named a vice president.
2 min read · 18 March 2019
Gryphon Technologies Inc, a portfolio companies of AE Industrial Partners, is buying Schafer Intermediate Holding LLC. Financial terms weren’t announced. Belcan LLC, also a portfolio company of AE Industrial, is the seller. Schafer provides scientific, advanced engineering, and technical advisory services specializing in protecting against national security threats.
3 min read · 18 March 2019
PE firms including KKR and CVC Capital are exploring making bids for Bayer AG’s animal-health business, Bloomberg reported. Advent International, Blackstone Group LP, EQT Partners and Permira as well as industry rivals, could also be interested, the story said. Bayer’s animal-health business could fetch as much as 8 billion euros ($9 billion), Bloomberg said.
1 min read · 18 March 2019
Norwest Equity Partners said March 18 that it completed the sale of Actagro to Nutrien. The deal was announced in February. Actagro develops, makes and markets environmentally sustainable soil and plant health products and technologies.
3 min read · 18 March 2019
3 min read · 18 March 2019
2 min read · 15 March 2019
