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 has so far raised $900 million for its latest flagship fund, the Wall Street Journal reported, which cited a memorandum sent to investors. Riverside held a second close of Riverside Capital Appreciation Fund VII LP on Oct. 15; the fund is seeking $1.5 billion, the story said.
1 min read · 05 November 2018
Neuberger Berman has acquired Cartesian Re. Financial terms weren’t announced. The deal for Cartesian Re includes affiliate Iris Re, which manages more than $1 billion in assets under management focusing on the insurance-linked strategies asset class. Cartesian Capital Group formed Cartesian Re in 2009 as a portfolio company.
3 min read · 05 November 2018
Partners Group AG is considering selling German catering company Hofmann Menü-Manufaktur GmbH, the Wall Street Journal reported. Rothschild & Co is advising on the sale which could value Hofman at 500 million euros ($570 million), the story said.
1 min read · 05 November 2018
Pfizer Inc is considering selling its women’s health portfolio as it looks to focus on developing treatments with higher growth potential, Bloomberg said. A sale of the division could fetch about $2 billion, the story said.
1 min read · 05 November 2018
Gen Cap America Inc said Nov. 5 that it sold CPS Distributors Inc to an undisclosed buyer. Financial terms weren’t announced. CPS, of Westminster, Colorado, is a wholesale distributor of professional pump, irrigation and landscape supplies.
2 min read · 05 November 2018
2 min read · 01 November 2018
OSG Billing Services is buying Communisis in a deal valued at about 154 million pounds ($200.3 million). Communisis, of London, provides communications and marketing. OSG Billing is a portfolio company of Aquiline Capital Partners.
1 min read · 01 November 2018
2 min read · 01 November 2018
Ex-OTPP execs launch Peloton Capital and seek C$600 mln for debut; Lion eyes single-asset process for frozen-foods group Picard; Harvard endowment’s PE generates highest return for 2018 on lower allocation
2 min read · 01 November 2018
Steve Faraone and Mike Murray, former executives of Ontario Teachers’ Pension Plan, have launched Peloton Capital Management. The Toronto PE firm will have an investment horizon of 8 to 12 years. It will focus on financial services, health care, and consumer markets.
3 min read · 01 November 2018
