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.
Sentinel Capital Partners said March 4 that it acquired Mobile Communications America. Financial terms weren’t announced. Mobile Communications, of Spartanburg, South Carolina, provides communications solutions and services in North America and is one of Motorola Solutions’ largest channel partners.
3 min read · 05 March 2019
Instar Group said March 5 that it agreed to buy 2,146 railcars from CAI International. Financial terms weren’t announced. Instar Group is a portfolio company of Sightway Capital.
2 min read · 05 March 2019
Nordic Capital is weighing selling ERT Operating Co nearly three years after buying the company, Bloomberg reported. Nordic has held talks with potential advisers about a sale, the story said. ERT, which provides patient data collection solutions for use in the development of clinical pharmaceutical products, could fetch about $2.5 billion in a sale, Bloomberg said.
1 min read · 05 March 2019
2 min read · 04 March 2019
Mocana said March 4 that it raised $15 million in funding led by Sway Ventures. Existing investors Shasta Ventures and ForgePoint Capital (formerly Trident Cyber) also participated. Mocana, of Sunnyvale, California, provides device security solutions for IoT and industrial control systems.
4 min read · 04 March 2019
KKR has agreed to invest $900 million in a partnership with NextEra Energy Partners LP that owns a geographically diverse portfolio of ten utility scale wind and solar projects across the U.S., consisting of about 1,192 megawatts.
2 min read · 04 March 2019
Neiman Marcus has reached an agreement in principle with its creditors that hold nearly $5 billion of its debt, Dallas Morning News is reporting. Neiman, of Dallas, has three more years to transform its business, the story said. Neiman has had to pay annual interest of $300 million on its $5 billion debt load that came from two LBOs in the past 10 years, Dallas Morning News said.
1 min read · 04 March 2019
Liberty Hall Capital Partners said March 4 that it acquired Onboard Systems Inc. Financial terms weren’t announced. Onboard, of Vancouver, Washington, provides external cargo handling equipment for civil and military helicopters.
4 min read · 04 March 2019
BC Partners's auction of Acuris has attracted the interest of Fitch, Moody’s and S&P Global, who have emerged as frontrunners in the sale, The Telegraph said. The sale of Acuris, which owns Mergermarket and Debtwire, is expected to fetch 1.2 billion pounds, the story said.
1 min read · 04 March 2019
BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion has attracted bidders including private equity, Bloomberg is reporting. Warburg Pincus and KKR are interested in the transaction, along with Hilcorp Energy Co and Enduring Resources, the story.
1 min read · 04 March 2019
