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.
Wind Point Partners has hired an adviser to sell Paragon Films Inc, Bloomberg reported. Paragon, a packaging manufacturer, could sell for $500 million, the story said.
1 min read · 25 February 2019
2 min read · 24 February 2019
2 min read · 21 February 2019
Authority Brands, a portfolio company of Apax Partners, said Feb. 21 that it acquired Clockwork Inc from Direct Energy Group, a unit of Centrica. Financial terms weren’t announced. Clockwork provides home services through brands Benjamin Franklin Plumbing, Mister Sparky® electric, and One Hour Heating & Air Conditioning.
3 min read · 21 February 2019
Lytics said Feb. 21 that it raised $35 million in a Series C round of financing led by JMI Equity. Also participating were current investors Comcast Ventures, Two Sigma Ventures, Rembrandt Venture Partners and Voyager Capital. Lytics, of Portland, Oregon, provides a customer data platform for marketers.
3 min read · 21 February 2019
Caisse de dépôt et placement du Québec said Feb. 21 that it has invested in Allied Universal. CDPQ’s investment includes about $400 million of capital to Allied. Investors currently include Allied’s management, Warburg Pincus and Wendel. Allied is a security and facility services company with more than 210,000 employees. The deal values Allied at more than $7 billion.
3 min read · 21 February 2019
Hercules Capital Inc said Feb. 21 that Seth Meyer was named CFO effective March 4. Meyer replaces David Lund, who served as interim CFO for the prior 16 months and will continue to serve as a special consulting advisor to the company through April. Most recently, Meyer served as CFO of Swiss Re’s commercial insurance business.
4 min read · 21 February 2019
Canyon Capital, which had offered to buy Navient Corp, has withdrawn its expression of interest for the student loan servicer, according to an SEC filing. Canyon also notified Navient of its plans to nominate a minority slate of directors to Navient’s board, the filing said. Earlier this week, Navient rejected a $3.2 billion offer from Canyon and Platinum Equity Partners because it was too low.
1 min read · 21 February 2019
TA Associates said Feb. 21 that Amit Jain has rejoined the firm as a vice president in its Menlo Park office. Jain will be a member of TA’s North America technology group.
2 min read · 21 February 2019
Apax Partners said Feb. 21 that it sold its stake in AssuredPartners to an investor group led by GTCR. Financial terms weren’t announced. Apax is coinvesting in the deal and will have a minority stake. AssuredPartners, of Lake Mary, Florida, is an insurance broker that distributes property and casualty, risk management, employee benefits and personal insurance.
5 min read · 21 February 2019
