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.
Pharos Capital Group LLC said Oct. 30 it acquired a majority stake in Charter Health Care Group. Financial terms weren’t announced. Charter Health is a post-acute care provider offering hospice, home health, and transitional care services.
3 min read · 30 October 2018
Hellman & Friedman's latest flagship has closed on $16 billion, according to an SEC filing. Hellman & Friedman Capital Partners IX LP is the second largest buyout fund raised by the PE firm, the Wall Street Journal said. The $16 billion includes capital raised through parallel funds and a general-partner commitment, the WSJ said.
1 min read · 30 October 2018
Century Equity Partners has invested $23 million in Credit Junction, a data-driven, asset-based lender for small and mid-sized businesses.
2 min read · 30 October 2018
GTR Ventures said Oct. 30 that it invested in Orbitt. Financial terms weren’t announced. Orbitt, with headquarters in London and operations in Mauritius, is an African-focused fintech deals platform.
2 min read · 30 October 2018
Lennar Corp said Oct. 29 that it agreed to sell its Rialto Investment and Asset Management to Stone Point Capital for $340 million. Rialto is a real estate investment and asset management company targeting distressed and undermanaged assets. Lennar is keeping its Rialto mortgage finance business as well as fund investments (valued at $294 million as of August 31, 2018,) along with its carried interests in various Rialto funds, and investments in other legacy Rialto balance sheet assets. Deutsche Bank Securities Inc and Wells Fargo Securities LLC provided financial advice to Lennar while Goodwin Procter LLP acted as Lennar's legal counsel. Kramer Levin Naftalis and Frankel LLP acted as Stone Point's legal counsel.
3 min read · 30 October 2018
Monroe Capital LLC provided financing to support Mammoth Holdings LLC’s buy of Marc-1 Car Wash and Wash Me Fast LLC. Red Dog Equity LLC has a controlling stake in Mammoth.
2 min read · 30 October 2018
CVC Capital Partners’ growth fund and GRO Capital have agreed to buy a majority of Omada A/S. Financial terms weren’t announced. Omada, of Copenhagen, Denmark, provides identity governance and administration software and services.
5 min read · 30 October 2018
Sheridan Capital Partners said Oct. 30 that it invested in Empower Physical Therapy. Financial terms weren’t announced. Empower PT, of Phoenix, currently operates outpatient physical therapy clinics across the Southwest U.S. Oxford Finance provided debt financing for the transaction. McGuireWoods LLP served as legal counsel to Sheridan Capital Partners.
2 min read · 30 October 2018
2 min read · 29 October 2018
NuCom Group, a General Atlantic portfolio company, and PARSHIP ELITE Group are buying eharmony. Financial terms weren’t announced. Eharmony, of Los Angeles, is a matchmaking platform. PARSHIP is backed by ProSiebenSat.1.
4 min read · 29 October 2018
