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.
Mercer Advisors Inc, a Genstar Capital portfolio company, said Nov. 12 that it acquired Sigma Investment Management Co. Financial terms weren’t announced. Sigma, of Portland, Oregon, is a wealth management firm serving high net worth clients throughout the Pacific Northwest. UPDATE: Lovell Minnick Partners owns a minority of Mercer Advisors.
3 min read · 12 November 2018
Cable One Inc said Nov. 12 that it agreed to buy Clearwave Communications. Financial terms weren’t announced. Stephens Capital Partners LLC, the private equity arm of Stephens Inc, is the seller. Clearwave, of Harrisburg, Illinois, owns and operates a high-capacity fiber network offering regional coverage in Southern Illinois.
5 min read · 12 November 2018
L Catterton Asia and Mitsui & Co, Principal Investments Ltd have invested in Owndays Inc. The deal includes the partial transfer of shares held by the current management team. Owndays management will continue to hold a substantial stake. Owndays Inc is a Japanese eyewear brand with retail presence in 10 markets, including Japan, Singapore and Taiwan.
2 min read · 12 November 2018
Motive Partners said Nov. 12 that it acquired a controlling stake in LPA. Financial terms weren’t announced. LPA, of Frankfurt, Germany, provides software and advisory services focused on financial services distribution and regulatory compliance solutions. Ernst & Young LLP, Proskauer Rose LLP and Skye Partners served as Motive Partners' advisers in connection with the transaction. Ludwig & Co and Watson Farley & Williams served as LPA's legal adviser.
4 min read · 12 November 2018
LibreMax Capital LLC said Nov. 9 that it agreed to buy Trimaran Advisors LLC. Financial terms weren’t announced. KCAP Financial is the seller. Trimaran currently manages six CLOs with approximately $3 billion of assets under management. Schulte Roth & Zabel LLP served as legal counsel for LibreMax on the transaction.
2 min read · 12 November 2018
Triago said Nov. 12 that Charles Lemon has joined as a partner in the firm’s London office.Lemon is responsible for the origination and execution of fundraising mandates. He was previously a partner at Agilitas Private Equity.
2 min read · 12 November 2018
Everstone Capital is restructuring its private equity business and has hired Kiddy and Partners to help with the effort, Livemint reported. Everstone, of Mumbai, sent a letter to investors informing them about the internal changes, including a slew of exits since June, the story said.
1 min read · 12 November 2018
Aurelius Equity Opportunities said Nov. 12 that it acquired Hellanor from Nordic Forum Holding A/S. Financial terms weren’t announced. Hellanor is an automotive aftermarket wholesaler in Norway. Nordic Forum is a subsidiary of Hella GmbH & Co. KGaA.
2 min read · 12 November 2018
Mantra said Nov. 12 that its latest secondary fund closed at its 120 million euro ($135.1 million) hard cap. Also, a Mantra fund-of-funds vehicle focused on primary commitments hit a first close.
2 min read · 12 November 2018
Vista Equity Partners has agreed to buy Apptio Inc in a deal valued at about $1.94 billion, or $38 a share. The deal includes a 30-day go-shop where Apptio can initiate, solicit, encourage, and potentially enter negotiations with parties that make an alternative offer. Apptio, of Bellevue, Washington, provides business management software. Qatalyst Partners served as financial adviser to Apptio, while Wilson Sonsini Goodrich & Rosati was legal adviser to Apptio. Vista's legal adviser is Kirkland & Ellis LLP.
7 min read · 12 November 2018
