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.
Clearlake Capital Group said Nov. 15 that it acquired TEAM Technologies Inc. Financial terms weren’t announced. Riverside Co is the seller. TEAM Technologies, of Morristown, Tennessee, makes dental and cosmetic tools.
3 min read · 15 November 2018
To start your morning, Uber reported a $1.1 billion quarterly loss, Facebook has cut ties with Definers Public Affairs and the U.S. Army is forming a "Fortnite" team to help with recruitment.
1 min read · 15 November 2018
Goldman is lead buyer of CDPQ’s billion-plus PE portfolio; FleetCor vies for Western Union’s business-payments arm; PE’s latest frontier? U.S. building products
2 min read · 14 November 2018
General Atlantic has joined the race to buy a stake in Premiership Rugby, which has already rejected a 275 million pound majority offer from CVC, the Financial Times said. GA’s offer came after other groups also expressed interest, including CVC, the story said. It was unclear whether GA’s offer was higher than CVC’s or for a majority or minority stake.
1 min read · 14 November 2018
WindRose Health Investors LLC has invested in Traditions Behavioral Health through a recapitalization. Financial terms weren’t announced. Traditions Behavioral Health, of Napa, California, provides permanent outsourced physician psychiatric services to institutional and community-based programs.
3 min read · 14 November 2018
Vee Pak LLC, a portfolio company of Wind Point Partners, has acquired Cosmetic Essence Innovations LLC. Financial terms weren’t announced. Cosmetic Essence Innovations, of Holmdel, New Jersey, provides product development, specialty contract manufacturing, and outsourced service solutions to the beauty and personal care industry. Lazard Middle Market served as financial adviser to Vee Pak, while Winston & Strawn and Kirkland & Ellis acted as legal counsel to Vee Pak and Wind Point. Houlihan Lokey was financial adviser to CEI and Morrison Cohen was legal counsel.
3 min read · 14 November 2018
LaSalle Investment Management said Nov 14 that it is now the sole manager of Encore+, the open-ended Continental European real estate fund. Aviva Investors and LaSalle had jointly managed the fund for the last 12 years. David Ironside has assumed the role of fund manager for Encore+, while Marianne Hemon-Laurens will be the deputy fund manager.
4 min read · 14 November 2018
Automox said Nov. 13 that it raised $9.3 million in a Series A round led by TechOperators. Also participating in the round were CRV, BlueNote Ventures and Tom Noonan as well as other prior investors. Automox, of Boulder, Colorado, provides cloud-based patching and configuration management solutions.
4 min read · 14 November 2018
2 min read · 13 November 2018
One Equity to exit Sonneborn in $655 mln sale; Kellogg puts Keebler, Famous Amos on the block; A big secondaries deal just went down north of the border
2 min read · 13 November 2018
