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.
Why healthcare sponsors are pivoting to orthopedics; John Hopkins endowment shopped a PE portfolio in ’18; Kainos lawsuit feedback
2 min read · 30 January 2019
Bank Hapoalim Ltd is leaning toward an IPO for Isracard Ltd rather than a sale or distributing its stake in Israel’s largest credit card business to shareholders, Bloomberg is reporting. An IPO could value Isracard at $1 billion, the story said. Bank Hapoalim is working with Citigroup on options for Isracard, Bloomberg said.
1 min read · 30 January 2019
A KKR-led consortium has completed its buy of LCY Chemical Corp for $1.56 billion. The deal was announced in July. LCY, of Taipei, is a petrochemicals company.
2 min read · 30 January 2019
PresenceLearning said Jan. 30 that it named Kate Eberle Walker as CEO. Walker was most recently CEO of The Princeton Review. PresenceLearning is backed by Catalyst Investors, Catamount Ventures, Birchmere Ventures, New Markets Venture Partners, and Blue Heron Capital.
2 min read · 30 January 2019
David Keenan was named investment director at Nimbus. Most recently, Keenan was part of PwC’s corporate finance division, where he advised on private equity transactions.
2 min read · 30 January 2019
Triumph Group Inc said Jan. 28 that it agreed to sell Triumph Fabrications to Arlington Capital Partners. Financial terms weren’t announced. The deal includes operations in Fort Worth, Texas; Hot Springs, Arkansas; Phoenix, Arizona; San Diego, California; and Shelbyville, Indiana. The Triumph Fabrications businesses offer forming, assembly and special processing solutions such as stretch, hydro, titanium hot/super plastic forming, bonding, bulge and drop hammer forming as well as chemical milling, welding, auto riveting, titanium Sol-Gel, anodizing and other coating processes. Lazard advised Triumph.
3 min read · 29 January 2019
Transporeon Group said Jan. 29 that Hg has agreed to buy a majority of the company from TPG Capital. Financial terms weren’t announced. Transporeon, of Ulm, Germany, provides a logistics platform, linking manufacturers, retailers, and wholesalers with logistics service providers.
3 min read · 29 January 2019
Century Park Capital Partners said Jan. 29 that completed a majority recapitalization of MCCi LLC. Company management and its founders also participated. Financial terms weren’t announced. MCCi, of Tallahassee, Florida, is a software and IT services firm focused on enterprise content management and business process automation. Winston Strawn and Crowe LLC advised Century Park.
3 min read · 29 January 2019
SNH Capital Partners said Jan. 29 that it completed a second recapitalization of portfolio company National Credit Center. Monroe Capital LLC provided the financing through an upsizing of its senior credit facility. NCC, of Las Vegas, provides data solutions to maximize automotive dealer performance.
3 min read · 29 January 2019
Hunt Capital Holdings said Jan. 28 that Rachel Diller joined the firm as a senior managing director and head of private real estate equity strategies. Diller previously founded and was managing partner of UrbanView Capital.
3 min read · 29 January 2019
