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.
SpendMend, a portfolio company of Sheridan Capital Partners, has acquired Contract Management Strategies. Financial terms weren’t announced. Contract Management, of Irvine, California, provides audit recovery and professional services.
2 min read · 29 August 2018
Foodsby Inc raised $13.5 million in Series B funding led by Piper Jaffray Merchant Banking. Other investors include Series A funding partners Greycroft Partners, Corazon Capital LLC and Rally Ventures. Foodsby, of Minneapolis, is a lunch delivery service.
3 min read · 28 August 2018
Yellow Wood Partners has agreed to buy Paris Presents Inc. Financial terms weren’t announced. Sellers include EagleTree Capital (the former Wasserstein Partners) and other co-investors. Paris Presents, of Gurnee, Illinois, provides branded cosmetic and bath accessories. Yellow Wood plans to merge Paris Presents with portfolio company Freeman Beauty.
4 min read · 28 August 2018
Carlyle Group has agreed to buy Crestview Partner’s remaining shareholding in NEP, resulting in a majority stake. Financial terms weren’t announced. NEP, of Pittsburgh, is a broadcast services company. Carlyle initially invested in NEP in June 2016 alongside Crestview and management. The deal is expected to close in Q4.
4 min read · 28 August 2018
Apollo Global Management agreed Aug. 28 to buy Aspen Insurance Holdings Ltd in a deal valued at $2.6 billion. Apollo is paying $42.75 cash for each outstanding Aspen share. The sale is expected to close during the first half of 2019. Willis Towers Watson, Libero Ventures and Sidley Austin LLP advised Apollo. Goldman Sachs & Co LLC and J.P. Morgan Securities LLC provided financial advice to Aspen, while Willkie Farr & Gallagher LLP was its legal adviser.
3 min read · 28 August 2018
2 min read · 27 August 2018
Pamlico Capital has made a growth equity investment in Airwavz Solutions Inc. Financial terms weren’t announced. Airwavz, of Charlotte, North Carolina, owns and operates wireless infrastructure inside commercial office and hospitality buildings in dense metropolitan areas. Citizens Capital Markets provided financial advice to Airwavz while Wyrick Robbins Yates & Ponton LLP was their attorney. Alston & Bird LLP represented Pamlico.
2 min read · 27 August 2018
Harbour BioMed said Aug. 27 that it raised $85 million in a Series B round led by GIC Private Ltd. New investors, including China Life Private Equity Investment Co and Vertex Ventures, along with Series A investors AdvanTech and Legend Capital also participated. Harbour BioMed is a biopharmaceutical company that is developing therapeutics for oncology and immunological diseases.
3 min read · 27 August 2018
Trivest Partners has acquired GAL Power Systems. Financial terms weren’t announced. GAL Power Systems, of Ottawa, provides power and temperature control solutions in North America. WelchGroup Consulting acted as financial adviser to GAL Power.
2 min read · 27 August 2018
DW Healthcare Partners said Aug. 24 that it sold PRIME Education to a strategic buyer. Financial terms and the buyer were not disclosed. PRIME, of Fort Lauderdale, Florida, is a medical education and outcomes research company.
2 min read · 27 August 2018
