Private Equity
Anacapa Partners closed a growth investment in I4PRO Informática LTDA. Financial terms weren’t announced. I4PRO Informática, of São Paulo, Brazil, provides a suite of products designed for insurance workflow processes, including selling, underwriting and administering policies, collecting premiums, and processing claims.
3 min read · 22 October 2019
Ares Management Corp said Oct. 22 that agreed to sell a 22.5 percent stake in Meade Pipeline Co LLC to NextEra Energy Partners LP for about $286 million. Meade owns about 39 percent of Central Penn Line, an 185-mile pipeline that originates in Susquehanna County, Pennsylvania, and extends to Lancaster County, Pennsylvania.
3 min read · 22 October 2019
Private equity firms including Cinven, Blackstone, Advent and Leonard Green are bidding for LGC Group, a British scientific measurement and testing company backed by KKR, Reuters reported. LGC is expected to sell for 2 billion pounds to 2.25 billion pounds, including debt, the story said.
1 min read · 22 October 2019
Private equity's 99 problems; 21st Century Oncology seeks buyer; Romney admits to Pierre Delecto Twitter account
2 min read · 21 October 2019
One Rock Capital Partners LLC has agreed to buy Innophos Holdings Inc for $32 a share or about $932 million, including debt. Innophos produces ingredients for the food, health, nutrition and industrial markets.
8 min read · 21 October 2019
Justin Sunshine has joined General Atlantic as a managing director in its New York office. He will focus on the healthcare sector. Sunshine spent the last 10 years at Blackstone, where he was a managing director in the private equity group.
3 min read · 21 October 2019
H.I.G. Capital LLC said Oct. 21 that it acquired an office complex totaling approximately 29,000 sqm in Lyon, France’s second economic center. Financial terms weren’t announced. The buildings are expected to be delivered in March 2021.
3 min read · 21 October 2019
Manulife Investment Management said Oct. 21 that it is launching a secondary investment business within its private markets group. Jeff Hammer and Paul Sanabria will serve as global co-heads of this business. Hammer and Sanabria previously led the secondary advisory business at Houlihan Lokey.
6 min read · 21 October 2019
Carlyle Group has dropped out as a stakeholder of Lone Star Ports LLC, Reuters reported Oct. 18. Berry Group is now the sole owner of Lone Star, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas, the story said.
1 min read · 21 October 2019
Unizo Holdings said it would continue talks with Blackstone Group, Reuters reported. Unizo, a Japanese hotel chain, previously rejected other offers from Blackstone, which is planning to launch a tender offer at 5,000 yen a share, the story said.
1 min read · 21 October 2019
