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.
General Electric is working with bankers to restructure its business units, sell assets and possibly raise capital, Fox Business Network is reporting. Blackstone is eyeing a potential purchase of GE assets and is continuing to have discussions about possible acquisitions, the story said.
1 min read · 13 November 2018
Kellogg is selling its Keebler, Famous Amos and fruit snacks businesses, CNBC is reporting. Kellogg said it's keeping its morning foods, snacks and frozen foods brands, the story said.
1 min read · 13 November 2018
Sojern has raised $120 million in a funding round led by TCV. Sojern, of San Francisco, is a travel tech company.
3 min read · 13 November 2018
One Equity Partners said Nov. 13 that it agreed to sell the operating subsidiaries of Sonneborn Holdings LP to HollyFrontier Corp for $655 million. The deal is expected to close in 2019. Sonneborn, of Parsippany, New Jersey, makes highly purified white oil, petrolatum, microcrystalline wax, sodium sulfonate and compressor lubricants for personal care, pharmaceutical, food, polymer and metal working applications. Morgan Stanley & Co LLC is acting as financial adviser and Baker McKenzie served as legal counsel to Sonneborn.
3 min read · 13 November 2018
Monroe Capital LLC said Nov. 13 that it provided a $56 million loan to support the recap of Nova Wildcat Amerock LLC by a private equity firm. Amerock, of Huntersville, North Carolina, designs and supplies decorative and functional hardware and related accessories for kitchens, baths, and bedrooms.
2 min read · 13 November 2018
Maia Financial has launched a 100 million Australian dollars ($72 million) specialized asset finance fund. KKR is a strategic investor. The fund aims to provide companies and governments in both Australia and New Zealand with access to a flexible source of alternative funding.
2 min read · 13 November 2018
Lovell Minnick Partners said Nov. 13 that it closed its majority investment in SRS Acquiom. Financial terms weren’t announced. SRS Acquiom, of Denver, provides a platform of professional services, technology solutions and data for corporate acquirers, private equity firms and venture capital firms involved in M&A settlement support and risk mitigation. Kirkland & Ellis LLP served as LMP’s legal counsel. Cowen and Company acted as financial adviser to SRS Acquiom, while Latham & Watkins LLP served as SRS Acquiom’s legal counsel.
5 min read · 13 November 2018
Myotek, a portfolio company of New Water Capital LP, has acquired Amptech Inc. Financial terms weren’t announced. Amptech, of Manistee, Michigan, designs, engineers and makes circuit boards and other electronic assemblies for customers in automotive, utility and other industrial end markets and applications.
2 min read · 13 November 2018
ClickClickDrive said Nov. 13 that it raised $1 million in an angel round led by Emmanuel Thomassin, the CFO of Delivery Hero. Other investors include: Stefan Glaenzer (Passion Capital), Jonathan Green (Luxor Capital) and Burkhard Schwenker (former CEO Roland Berger). ClickClickDrive, of Berlin, offers an online platform for all-in-one driving school management software.
4 min read · 13 November 2018
Vista Equity to buy Apptio in $1.94 bln deal; CalSTRS pushes for more diversity in its investment portfolio; Simon Group wants to work with entrepreneurs
2 min read · 12 November 2018
