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.
Liberty Hall Capital Partners said Dec. 3 that it acquired Aircraft Performance Group Inc. Financial terms weren’t announced. Aircraft Performance, of Castle Rock, Colorado, provides flight operations software solutions into the aftermarket of the aerospace industry.
4 min read · 03 December 2018
LLR Partners has formed Celero Commerce, with Kevin Jones, the founder and ex-CEO of Anovia Payments. Jones will be CEO of Celero, a Nashville payments processor. The deal calls for Celero to invest in UMS Banking, which will provide the core payment processing infrastructure for Celero. Financial terms weren't announced
3 min read · 03 December 2018
General Atlantic said Dec. 3 that it promoted Chris Caulkin, Roni Elchahal, Andrew Ferrer, and Peter Munzig to managing director, while Preston McKenzie was named operating partner. Rodrigo Catunda and Luiz Ribeiro were also promoted to principal.
4 min read · 03 December 2018
Callaway Golf Co said Nov. 29 that it agreed to buy Jack Wolfskin for 418 million euros ($476 million). Bain Capital Credit, H.I.G. Bayside Capital, CQS, Avenue Capital Group and BlueMountain Capital Management, which own a combined 67 percent of Jack Wolfskin, are the sellers. Jack Wolfskin provides functional outdoor clothing, footwear and equipment in Europe and is a franchiser of German specialist sports retail.
4 min read · 03 December 2018
H-D Advanced Manufacturing Co said Dec. 3 that it sold Firstmark Corp. Firstmark, of Creedmor, North Carolina, makes components and subsystems for the aerospace and defense industries. BBA Aviation acquired Firstmark for $97 million, according to press reports. H-D is backed by Riverside Co, Hicks Equity Partners and Weinberg Capital Group.
2 min read · 03 December 2018
Carlyle Group said Dec. 3 that it second business development company raised a total of $1.9 billion. The BDC, part of Carlyle’s U.S. direct lending platform, lends to companies that are backed by U.S. middle market private equity firms.
1 min read · 03 December 2018
Lennar Corp said Dec. 3 that it closed the sale of Rialto Investment and Asset Management to Stone Point Capital for $340 million. Lennar said it is retaining its Rialto Mortgage Finance business along with its fund investments, as well as carried interests in various Rialto funds and investments in other Rialto balance sheet assets.
2 min read · 03 December 2018
Equistone Partners Europe said Dec. 3 that has closed its buy of Small World Financial Services Group Ltd. Financial terms weren’t announced. Small World Financial, of the U.K., is a payment service provider. FPE Capital and MMC Ventures were the sellers, PitchBook said.
2 min read · 03 December 2018
Sentryo said Dec. 3 that it raised 10 million euros ($11.3 million) in a series A financing round. New investors include Sopra Steria, BNP Paribas Développement, Omnes and Alliance Entreprendre. Also participating were prior investors Breed Reply, ACE Management, and Kreaxi. Sentryo, of Lion, France, provides cybersecurity software.
6 min read · 03 December 2018
Main Capital said Dec. 3 that it acquired a stake in cleversoft. Financial terms weren’t announced. Cleversoft, of Munich, is a RegTech software specialist that helps financial institutions comply with regulatory challenges in the financial industry.
3 min read · 03 December 2018
