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.
Monomoy spinout MiddleGround gets anchor backing from Moelis JV; Cinven’s Bioclinica weighs sale of CCBR unit; How to manage the sponsor, CEO and CFO triangle
2 min read · 28 November 2018
Sentinel Capital Partners said Nov. 28 that it acquired Apex Companies LLC. Financial terms weren’t announced. Apex provides services to assess, prevent, and cure environmental issues related to water, ground, facilities, and air quality. Houlihan Lokey served as financial adviser to Apex.
3 min read · 28 November 2018
Oriente said Nov. 27 that it raised $105 million in an initial funding round. Participating in the round were the founders and a group of family offices including members of the Berjaya Group, JG Summit Holdings Inc, and Sinar Ma. Oriente, of Hong Kong, is an online lender providing credit scoring, digital and O2O lending and other financial services.
4 min read · 28 November 2018
Corsair Capital LLC has acquired a majority of Zedra Group. Financial terms weren’t announced. The Nielsen and Sarikhani families are the sellers. Zedra, of London, provides trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs.
4 min read · 28 November 2018
Pharos Capital Group LLC said Nov. 28 that it acquired ABA of North Texas. Financial terms weren’t announced. ABA, of Plano Texas, is an outpatient autism services provider.
3 min read · 28 November 2018
Caisse de dépôt et placement du Québec said Nov. 28 that it invested CA$200 million ($150.2 million) in Plusgrade. CDPQ has acquired part of TA Associates’ stake in Plusgrade, a Montreal travel software firm. Morgan Stanley Canada Ltd served as financial adviser and Davies Ward Phillips & Vineberg LLP served as legal counsel to Plusgrade. Osler, Hoskin & Harcourt LLP served as legal counsel to la Caisse.
4 min read · 28 November 2018
Clearlake Capital Group LP has sold Mycom Group Ltd to Inflexion Private Equity. Financial terms weren’t announced. Mycom, which goes to market as MYCOM OSI, is a software company providing service assurance, analytics, and automation solutions to mobile communications service providers. William Blair & Co and Mooreland Partners acted as the financial advisers to Mycom and the selling shareholders.
3 min read · 28 November 2018
O2 Investment Partners has invested in Vessco Inc. Financial terms weren’t announced. Vessco, of Chanhassen, Minnesota, is a water treatment company serving municipal and industrial markets.
2 min read · 28 November 2018
Trian Fund Management LP has pulled out of the bidding for Papa John’s International Inc, according to the Wall Street Journal. Some bidders remain interested in taking a stake in Papa John’s but none is currently considering buying the whole company, the story said. Binding offers for the pizza chain are due next week, the WSJ said. Papa John’s has attracted the interest of Bain Capital, CVC Capital Partners, KKR & Co, and Roark Capital, according to press reports.
1 min read · 28 November 2018
L’Occitane, the French beauty retailer, has attracted the interest of private equity firms including Advent International, the Financial Times is reporting. It was not clear if there was a formal sales process for L'Occitane, which makes and sell beauty products. L’Occitane has a market value of $2.7 billion, the story said.
1 min read · 28 November 2018
