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.
H.I.G. Capital LLC said Feb. 12 that it invested in Digital Ware SA. Financial terms weren’t announced. Digital Ware, of Bogotá, Colombia, develops and sells ERP software, payroll human capital management solutions, as well as hospital information systems and business process management applications for business environments.
3 min read · 12 February 2019
Investcorp said Feb. 12 that it acquired a portfolio of eight multifamily properties of 2,510 units for $330 million. The properties span the submarkets of five metro areas across the Southeast and Southwest regions: Raleigh, North Carolina; Atlanta, Georgia; Jacksonville, Florida; Phoenix, Arizona; and Dallas, Texas.
3 min read · 12 February 2019
1 Priority Environmental Services LLC, a portfolio company of O2 Investment Partners, has acquired Earth Services & Abatement Inc. Financial terms weren’t announced. Earth Services provides environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions.
2 min read · 12 February 2019
Monroe Capital LLC said Feb. 12 that it provided funding to support Lovell Minnick Partners’s buy of ATTOM Data Solutions. The deal was announced in January.
2 min read · 12 February 2019
Constitution Capital Partners said Feb. 12 that it launched a real estate unit. Constitution Capital Real Estate Partners is comprised of professionals previously employed by Lone Star Funds and its affiliates. Hugh J. Ward III, most recently senior managing director and co-head of real estate investments at Lone Star North America, is leading the unit.
3 min read · 12 February 2019
Acacia Partners said Feb. 6 that it sold its investment in Perennials & Sutherland LLC. Bertram Capital is investing in the company. Financial terms weren’t announced. Perennials, of Dallas, designs and makes 100 percent solution-dyed acrylic performance fabric and rugs for indoor and outdoor use and luxury outdoor furniture. Piper Jaffray advised Perennials & Sutherland while McGuire Woods served as legal counsel.
2 min read · 11 February 2019
Carlyle Group is considering selling Addison Lee in a deal that could value the London taxi company at 800 million pounds ($1.03 billion), Financial News is reporting. Carlyle has retained Bank of America Merrill Lynch to run the process that will likely start later this year, the story said. Addison Lee has a fleet of roughly 5,000 cars in London and serves more than 10 million customers in that year alone, Financial News said.
1 min read · 11 February 2019
Blackstone Group is investing $200 million in a hedge fund startup run by Michael Phelps, the former head of European credit at BlackRock, Bloomberg is reporting. Phelps’s Tresidor Investment Management is on course to become one of London’s biggest funds this year, the story said.
1 min read · 11 February 2019
PIR Equities said Feb. 11 that its third flagship fund closed on 275 million euros ($312 million). PIR Equities, of Geneva, targets deals in sectors including wealth & asset management, energy, infrastructure and payments.
2 min read · 11 February 2019
Francisco Partners said Feb. 11 that it acquired Qualcomm Life Inc from Qualcomm Inc. Financial term weren’t announced. Qualcomm Life will be renamed Capsule Technologies Inc and operate two business segments: Capsule, a medical device connectivity platform, and 2net, which provides wireless mobile device connectivity via cloud-based solutions.
4 min read · 11 February 2019
