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 · 10 August 2018
2 min read · 09 August 2018
Sentinel Capital Partners has sold WellSpring Pharma Services. ANI Pharmaceuticals Inc, in a separate release, said it acquired WellSpring for $18 million cash. WellSpring, of Ontario, is a pharmaceutical contract manufacturing organization. UPDATE: Ancor Capital was also another seller.
3 min read · 09 August 2018
Blackstone has agreed to invest in TaskUs. Financial terms weren’t announced although press reports said Blackstone invested $250 million. TaskUs, of Santa Monica, California, is a customer service and business process outsourcing services provider for high-growth technology companies. The deal, before Blackstone’s investment, values TaskUs at more than $500 million.
3 min read · 09 August 2018
Emergent BioSolutions is buying PaxVax from Cerberus Capital Management LP and Ignition Growth Capital for $270 million. PaxVax, of Redwood City, California is a specialty vaccines company. Perella Weinberg Partners LP acted as financial adviser to PaxVax. Covington & Burling LLP acted as legal counsel for Emergent. Dechert LLP is the attorney for PaxVax and Cerberus and Morgan Lewis & Bockius LLP acted as legal counsel for PaxVax.
4 min read · 09 August 2018
An investor group led by CC Capital, Cannae Holdings and Thomas H. Lee Partners is taking Dun & Bradstreet private. The total value is $6.9 billion or $5.4 billion not including net debt and net pension obligations. Dun & Bradstreet shareholders will receive $145.00 in cash for each share of common stock they own. BofA Merrill Lynch, Citigroup Inc, and RBC Capital Markets are providing financing.
10 min read · 09 August 2018
ADT Inc said Aug. 7 that it has acquired Secure Designs. Financial terms weren’t announced. Secure Designs, of Greensboro, North Carolina, provides Internet security services for micro, small and mid-sized businesses. ADT, which went public earlier this year, is a portfolio company of Apollo Global Management.
3 min read · 08 August 2018
Golden Gate Capital has acquired a majority equity interest of Aperio Group. Financial terms weren’t announced. Aperio Founders Patrick Geddes and Paul Solli will retain a significant ownership stake. Aperio, of Sausalito, California, is research-based investment management firm. UBS advised Aperio.
3 min read · 08 August 2018
KKR Real Estate Finance Trust Inc said Aug. 8 that it is selling 5 million shares in a secondary sale. KREF is expected to receive about $100 million in gross proceeds. Citigroup, J.P. Morgan and Wells Fargo Securities are underwriters for the offering.
3 min read · 08 August 2018
Junction Energy Capital and Ara Partners Group said Aug. 8 that they jointly invested in Puralube Inc, known as Puraglobe. Financial terms weren’t announced. Allied Resource Corp, the founding Paralube shareholder, will maintain a stake. Puraglobe, of Wayne, Pennsylvania, produces base oils, using recycled oil as feedstock. Riverside Management Group LLC and Triple A Partners LLC advised Puraglobe.
3 min read · 08 August 2018
