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.
Univision Communications Inc has put Fusion Media Group up for sale, the Wall Street Journal reported. Fusion’s properties include The Root, Deadspin and a stake in The Onion’s parent company. Univision tried to sell 20 percent of Fusion Media last year for $200 million but failed to find a buyer, the story said.
1 min read · 09 July 2018
CVC Credit Partners said July 9 that Mike Anderson was named head of investor relations. Anderson was most recently with Pemberton Asset Management.
2 min read · 09 July 2018
EQT said July 9 that it is buying Saxo Payments Banking Circle. Financial terms weren’t announced. Sellers are Saxo Bank A/S and other minority owners. Saxo Payments Banking Circle, of Denmark, provides infrastructure for online cross-border payments.
5 min read · 09 July 2018
Polar Star Capital Partners has acquired a controlling stake in Meridian Restaurants Unlimited. Financial terms weren’t announced. Meridian Restaurants Unlimited, of South Ogden, Utah, operates 114 Burger King restaurants. Polar Star Capital, of Salt Lake City, is a newly launched private equity firm.
2 min read · 05 July 2018
Ascensus said July 3 that it agreed to buy INTAC Actuarial Services Inc. Financial terms weren’t announced. INTAC, of Ridgewood, New Jersey, is a third-party administration firm.
3 min read · 05 July 2018
2 min read · 05 July 2018
Navacord said July 4 that it has agreed to a management-led buyout of its minority capital partner, Fairfax Financial Holdings. Madison Dearborn Partners is backing the transaction. Financial terms weren’t announced. Navacord, of Toronto, is a Canadian insurance brokerage. Bank of America Merrill Lynch provided financial advice to Navacord, while Paul, Weiss, Rifkind, Wharton & Garrison LLP, Felesky Flynn LLP and McBride Wallace Laurent & Cord LLP served as legal advisors. Kirkland & Ellis LLP and Stikeman Elliott LLP served as MDP’s legal advisors.
3 min read · 05 July 2018
Trillium Secure Inc said July 4 that it raised $11 million in Series A2 funding led by JAFCO. Also participating were investors Airbus Ventures, Deutsche Bahn Digital Ventures, Mitsubishi UFJ Capital, Tokyo Century Corp and Plug and Play Ventures. Trillium, of Sunnyvale, California, provides cybersecurity protection and data management for vehicles and fleets.
4 min read · 05 July 2018
Rockport Group LLC said July 3 that it intends to complete its previously announced asset purchase agreement and sell to Charlesbank Capital Partners LLC. Rockport filed bankruptcy protection in May; Charlesbank was named the stalking horse bidder in the company’s Court-supervised sale process. Rockport said it engaged in discussions with a number of potential buyers but no other competing bids were received. Rockport said it would now move forward with its sale to Charlesbank.
3 min read · 05 July 2018
Gilbert Global Equity Partners has hired Jefferies to find a buyer for CPM Holdings, Bloomberg is reporting. CPM, of Waterloo, Iowa, is an industrial equipment maker that could fetch $1.2 billion, the story said. Gilbert Global is winding down and CPM is one of the firm’s last remaining assets, Bloomberg said.
1 min read · 05 July 2018
