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.
Loek van den Boog has joined General Atlantic as a special adviser and chairman of General Atlantic Netherlands. Van den Boog is the former chairman of Mendix and Myriad. He was also a special adviser for GA between 1996 and 2004.
3 min read · 11 March 2019
Kinderhook Industries said March 11 that Brandon Watson has joined as a managing director - growth, innovation & talent. Watson most recently ran KOM Partners.
3 min read · 11 March 2019
Keensight Capital said March 11 that it acquired a majority stake in IVIDATA. Financial terms weren’t announced. IVIDATA, of Paris, is a consulting group specialized in Big Data and Artificial Intelligence services.
3 min read · 11 March 2019
Kara Davey Master has joined ParkerGale Capital as a principal. Master was previously a senior associate at McCarthy Capital.
2 min read · 08 March 2019
Mastercard said March 8 that it agreed to buy Transfast. Financial terms weren’t announced. GCP Capital Partners is the seller. Transfast provides a cross-border account-to-account money transfer network. Michael Gilligan and Evelyn Liristis of Schulte Roth & Zabel advised Transfast.
3 min read · 08 March 2019
Blackboard Inc said March 7 that it agreed to sell its Transact business unit, including Cashnet, to Reverence Capital Partners. Financial terms weren’t announced. The deal is expected to close in second quarter. Transact, of Phoenix, provides campus engagement and payments solutions to higher-education and other institutions in the U.S. and internationally. Blackboard is a portfolio company of Providence Equity Partners. Deutsche Bank served as financial adviser, while Dechert acted as legal counsel to Blackboard.
4 min read · 08 March 2019
AE Industrial Partners LP said March 8 that it acquired Resolute Industrial Holdings LLC. Financial terms weren’t announced. One Equity Partners is the seller. Resolute, of Indianapolis, provides temporary HVAC&R solutions in North America. Kirkland & Ellis LLP provided legal advice while PricewaterhouseCoopers LLP served as financial adviser to AEI. Sidley Austin LLP was legal adviser and Robert W. Baird & Co served as financial adviser to Resolute and its prior owner One Equity Partners.
3 min read · 08 March 2019
One Equity Partners said March 8 that it closed the sale of Resolute Industrial Holdings LLC. Financial terms weren’t announced. Resolute Industrial, of Indianapolis, provides York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration equipment services. The Resolute sale produced an IRR of 28 percent for One Equity, which made 2.1x its money on the transaction, a source said. One Equity declined comment. UPDATE: The buyer was AE Industrial Partners LP.
3 min read · 08 March 2019
2 min read · 07 March 2019
GFR Fund said March 7 that it raised $20 million for its second fund. GFR Fund II will focus on technology startups disrupting the digital entertainment sector.
3 min read · 07 March 2019
