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.
CEI Vision Partners, a portfolio company of Revelstoke Capital Partners LLC, said Feb. 5 that it closed its buy of Virginia Eye Consultants. Financial terms weren’t announced. Virginia Eye Consultants is an ophthalmology group comprised of 17 providers that service the Norfolk, Virginia Beach and Chesapeake markets through four clinic locations and an ambulatory surgery center.
3 min read · 05 February 2019
Hidden Harbor Capital Partners said Feb. 5 that its debut fund closed on more than $265 million. Investors include endowments, foundations, pensions, family offices and funds of funds. Hidden Harbor, of Boca Raton, Florida, makes control in lower middle market companies. Probitas Partners acted as placement agent for Fund I, while Kirkland & Ellis was fund counsel.
2 min read · 05 February 2019
TSG Consumer Partners said Feb. 4 that it closed its eighth flagship fund on $4 billion of limited partner capital commitments. TSG8 LP, which was oversubscribed, will target consumer companies and make equity investments between $200 million and $800 million.
2 min read · 04 February 2019
Merfish Pipe & Supply, a portfolio company of One Equity Partners, said Feb. 4 that it is merging with United Pipe & Supply. Financial terms weren’t announced. United, of Ipswich, Massachusetts, distributes plastic pipe, copper tube and electrical conduit, serving the construction, electrical supply, fire protection, HVAC, mechanical and plumbing industries.
3 min read · 04 February 2019
An investor group led by Hellman & Friedman is buying Ultimate Software for $331.50 share cash or about $11 billion. In additional to Hellman, buyers include Blackstone, GIC, Canada Pension Plan Investment Board (CPPIB), as well as other investors including JMI Equity. Ultimate Software provides cloud-based human capital management and employee experience solutions, with more than 48 million people records in the cloud.
10 min read · 04 February 2019
Ericsson said Feb. 1 that it closed the divestment of MediaKind to One Equity Partners. The deal was previously announced. One Equity Partners is majority owner of MediaKind, while Ericsson has 49 percent of shares. MediaKind is an independent video technology company.
1 min read · 04 February 2019
Clinical Innovations, an EQT portfolio company, said Feb. 4 that it hired Jason Whetstone as vice president of human resources.
3 min read · 04 February 2019
Belcan LLC, a portfolio company of AE Industrial Partners LP, has acquired Sitec Design Ltd and Sitec Recruitment Ltd. Financial terms weren’t announced. Sitec is an engineering services and technical recruitment supplier serving aerospace, defense, nuclear, and industrial customers in the UK and Europe.
3 min read · 04 February 2019
C.H. Guenther & Son LLC, a portfolio company of Pritzker Private Capital, said Feb. 4 that it acquired Wback GmbH. Financial terms weren’t announced. Wback, of Bönen, Germany, supplies fresh hamburger and hotdog buns to foodservice and retail customers.
3 min read · 04 February 2019
BASF and Solenis have completed the previously announced merger of BASF’s wet-end paper and water chemicals business with Solenis, a Clayton, Dubilier & Rice portfolio company. BASF will own 49 percent of the combined company, while Solenis management and CD&R will have 51 percent. The merger includes the paper and water assets of BASF’s Performance Chemicals unit but not BASF’s paper coating chemical business.
3 min read · 01 February 2019
