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.
Graycliff Partners LP said Sept. 17 that it invested in Graybill Processing Inc. Financial terms weren’t announced. Graybill, of Elizabeth, Pennsylvania, is a food by-product recycling company.
2 min read · 17 September 2018
2 min read · 14 September 2018
Swander Pace Capital said Sept. 13 that it has acquired Fine Choice Foods. Financial terms weren’t announced. Fine Choice, of Richmond, British Columbia, develops, makes and distributes fresh and frozen Asian-flavored appetizers to retail and foodservice channels in Canada and the U.S.
3 min read · 13 September 2018
Falcon Investment Advisors has invested in Basic Fun!. Financial terms weren’t announced. Basic Fun!, of Boca Raton, Florida, is a toy and novelties company.
4 min read · 13 September 2018
Tera Ventures said Sept. 13 that its second fund clinched a first close of 21 million euros ($24.4 million). The target of fund II is 55 million euros ($64 million). Tera aims to invest in 25 to 30 seed-stage tech startups located in tech hubs in Estonia, (including eligible e-residents), Finland, Denmark, Latvia, Lithuania, Poland, Sweden and the Czech Republic.
5 min read · 13 September 2018
EPIC, the insurance brokerage backed by Oak Hill Capital Partners, has acquired Vanbridge LLC. Financial terms weren’t announced. Vanbridge, of New York, is a specialty insurance intermediary, program management, and risk advisory services business.
4 min read · 13 September 2018
General Atlantic has invested in OneOncology, a combination of three practices. They include Tennessee Oncology, New York Cancer & Blood Specialists, and West Cancer Center. Financial terms weren’t announced. OneOncology, of Nashville, unites more than 225 oncology providers, over 60 care locations, and aims to treat nearly 158,000 cancer patients every year.
4 min read · 13 September 2018
Carlyle Group has agreed to buy a majority of Sedgwick in a deal valued at about $6.7 billion. KKR, which invested in Sedgwick in 2014, will fully exit its position once the deal closes. Stone Point Capital LLC and Caisse de dépôt et placement du Québec (CDPQ), together with Sedgwick management, will remain minority investors. Sedgwick, of Memphis, is an insurance claims service provider.
4 min read · 12 September 2018
Charlesbank Capital Partners has closed its buy of Rockport Group LLC, a spokeswoman said. In July, Charlesbank said it planned to move forward with its asset purchase agreement for Rockport. The deal includes Rockport’s global wholesale, independent and e-commerce operations and all of its Asia and Europe operations and retail stores. Rockport filed for bankruptcy protection in May.
1 min read · 12 September 2018
SS&C Technologies Holdings Inc said Sept. 6 that it agreed to buy Intralinks Holdings Inc for $1.5 billion. Siris Capital Group is the seller. Intralinks, of New York, is a data sharing platform. Deutsche Bank, Citigroup, RBC Capital Markets and Credit Suisse have committed to provide up to $1 billion of financing. David Cox and Jane Gladstone of Evercore, along with Michael Carter, Jason Gurandiano, Nikolay Dakov and Shailesh Murali of RBC, provided financial advice to the seller and Intralinks.
6 min read · 11 September 2018
