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.
2 min read · 27 November 2018
Denham, like many energy GPs, eyes liquidity process for older funds; Main Post Fund II raises $700 mln; In defense of private equity’s healthcare record
2 min read · 27 November 2018
Main Post Partners said Nov. 27 that it second fund closed on $700 million in capital commitments. Main Post’s first fund raised $400 million in 2016. M2O Private Fund Advisors LLC served as placement agent and Ropes & Gray LLP acted as legal counsel to Main Post Partners.
2 min read · 27 November 2018
Keyto said Nov. 27 that it closed a $2.5 million seed round led by David Sacks’ Craft Ventures. Also participating were Floodgate Fund, Abstract Ventures and Hydra Ventures as well as entrepreneurs Julia Hartz (Eventbrite co-founder and CEO) and Kevin Hartz (Eventbrite co-founder and early investor in Pinterest, PayPal and Airbnb). Keyto, of San Francisco, is a health and wellness company that provides a smart breath sensor that can detect when the body is in ketosis.
4 min read · 27 November 2018
Thompson Street Capital Partners said Nov. 27 that it has recapitalized Palisade Corp. Financial terms weren’t announced. Palisade, of Ithaca, New York, provides risk modeling and decision analysis software. Lincoln International served as financial adviser to Palisade.
2 min read · 27 November 2018
Halifax Group said Nov. 27 that it sold Pirtek Europe to PNC Riverarch Capital. Financial terms weren’t announced. Pirtek Europe provides hydraulic hose replacement and associated services across Europe. Duff & Phelps served as financial adviser while Mayer Brown acted as a legal adviser to Pirtek Europe and The Halifax Group.
2 min read · 27 November 2018
Triton, the European private equity firm, is set to close its latest flagship on its 5 billion euro ($5.6 billion) upper limit, the Wall Street Journal reported. Triton began fundraising for the pool earlier this year, targeting 4 billion euros, the story said.
1 min read · 27 November 2018
Oak Hill Advisors has amassed a $5 billion war chest that it can draw in 10 days or less to buy should situations, including a recession or downgrades, spark sudden selling, Bloomberg reported, quoting CEO Glenn August. Other firms, including BlackRock Inc, Blackstone’s credit arm GSO Capital Partners and Apollo Global Management, have all been shoring up resources, the story said.
1 min read · 27 November 2018
Sovereign Capital Partners is putting Partnerships in Children’s Services, one of Britain’s largest foster care agencies, up for sale, the Financial Times is reporting. Clearwater International is advising on the sale of the company, which could fetch 100 million pounds ($127.5 million), the story said.
1 min read · 27 November 2018
H.I.G. Capital is considering taking Lionbridge, a translation software company, public, Financial Review is reporting. H.I.G. is taking pitches from investment banks to oversee the potential listing, the story said. Lionbridge could be worth north of $500 million; banks expected to pitch include UBS, Credit Suisse and Morgan Stanley, Financial Review said.
1 min read · 27 November 2018
