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.
Riverside Co agreed to sell its investment in Euromed Botanicals SA to Germany’s Dermapharm Holding SE. Financial terms weren’t announced. Euromed, of Barcelona, Spain, provides provides standardized herbal extracts and natural active substances for the pharmaceutical, dietary supplement and cosmetic industries. Riverside made 4.3x its money with the sale, while the IRR was 60 percent, a source said.
2 min read · 19 November 2018
A group of investors including Blackstone Group and Stonepeak Partners are interested in a take-private of Zayo Group Holdings, Bloomberg is reporting. Including debt, Zayo, which operates an almost 130,000 mile fiber network across North America and Europe, is valued at about $11.1 billion, the story said.
1 min read · 19 November 2018
3 min read · 16 November 2018
David’s Bridal just days from bankruptcy; AGS Health goes on the block; Ardian picks up billion-dollar-plus portfolio from Florida SBA
2 min read · 15 November 2018
Mercer Advisors Inc, a portfolio company of Genstar Capital, has acquired Financial & Investment Management Group Ltd. Financial terms weren’t announced. Financial & Investment Management, of Traverse City, Michigan, is wealth management RIA serving over 1,500 mass affluent and high net worth clients.
3 min read · 15 November 2018
KKR is gearing up to raise its first Asia-focused infrastructure fund, Livemint reported. KKR, which recently closed its global infrastructure fund, is targeting $1.5 billion and $2 billion for the pool, the story said.
1 min read · 15 November 2018
Habana Labs Ltd said Nov. 15 that it raised $75 million in a B round led by Intel Capital. Also participating were by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. Habana Labs is a fabless semiconductor company located in Tel-Aviv, Israel and San Jose, California.
4 min read · 15 November 2018
3 min read · 15 November 2018
Vestar Capital Partners is investing in Information Resources Inc. Financial terms weren’t announced. New Mountain Capital is the seller. Once the deal closes, New Mountain and Vestar will jointly govern IRI. IRI, of Chicago, provides data and predictive analytics for companies in consumer goods, OTC health care, retail, financial services, and media. Kirkland & Ellis served as legal counsel to Vestar. Evercore, Morgan Stanley, and Jefferies acted as financial advisor and Fried Frank served as legal counsel to New Mountain and IRI. Jefferies Financial Group, Nomura Securities and Ares Management provided financing.
4 min read · 15 November 2018
Goldman Sachs Group, which is looking to make 10 to 15 investments in Japanese startups through 2019, is buying a stake in TBM Co, Bloomberg is reporting. TBM is known for its technology that turns limestone into paper; it is seeking to raise 3.1 billion yen ($27 million), the story said.
1 min read · 15 November 2018
