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.
2 min read · 15 October 2018
Carlyle Group and Meinian Onehealth Healthcare have invested in Adicon Holding Ltd. Financial terms weren’t announced. Adicon operates 20 diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces.
3 min read · 15 October 2018
Carlyle Group said Oct. 15 that it agreed to buy Apollo Aviation Group (AAG), which has $5.6 billion in assets under management including 243 aircraft owned, managed or committed to purchase. AAG will become a new business line, operating as Carlyle Aviation Partners Ltd., within Carlyle’s Global Credit Segment.
3 min read · 15 October 2018
McClatchy Co has approached Apollo Global Management to help shore up its bid for Tribune Publishing, the New York Post is reporting. McClatchy is approaching Apollo for debt financing, rather than asking it be co-owner, the story said.
1 min read · 15 October 2018
EagleTree Capital has acquired a majority of Gaylord Chemical Co LLC. Financial terms weren’t announced. Gaylord CEO Paul Dennis, and other existing shareholders, will retain a stake. Alberta Teachers’ Retirement Fund Board and Farol Asset Management are investing in Gaylord alongside EagleTree. Gaylord, of Slidell, Louisiana, is a specialty chemical producer.
3 min read · 15 October 2018
Group of Butchers, a portfolio company of Equistone Partners, has acquired Hartmann GmbH. Financial terms weren’t announced. Hartmann, of Warendorf-Milte, North Rhine-Westphalia, produces meatballs and mince-based products. The three siblings Martina Beuker, Christian Hartmann and Maike Hartmann are selling their stake in Hartmann.
3 min read · 15 October 2018
SmileDirectClub said Oct. 10 that it completed a $380 million private placement led by Clayton, Dubilier & Rice. Kleiner Perkins and Spark Capital also invested. SmileDirectClub, of Nashville, provides invisible aligners to straighten teeth. J.P. Morgan served as placement agent to SmileDirectClub in connection with the transaction. Adam Phillips, Jonathan Manor and Karen Lee of Kirkland & Ellis represented CD&R.
4 min read · 12 October 2018
Spectrum Equity said Oct. 11 that it has acquired a majority of AllTrails. Financial terms weren’t announced. AllTrails, of San Francisco, provides a digital guide to the outdoors. AllTrails was advised by Stubbs Alderton & Markiles while GP Bullhound served as financial adviser. Spectrum Equity was advised by Latham & Watkins.
3 min read · 12 October 2018
Pacific Current Group Ltd said Oct. 4 that it closed the sale of its stake in Aperio Group. Pacific Current received $71.9 million in pre-tax proceeds and expects to receive another $2.6 million. Pacific Current invested in Aperio, a Sausalito, California investment management firm, in 2015, according to press reports. Golden Gate Capital acquired a majority of Aperio in August.
1 min read · 12 October 2018
3 min read · 11 October 2018
