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.
The Grand Court of the Cayman Islands has appointed Simon Conway of PwC Corporate Finance and Recovery (Cayman) Ltd, along with Michael Jervis and Mohammed Farzadi of PricewaterhouseCoopers as joint provisional liquidators of Abraaj Holdings. The Grand Court also approved the appointment of David Soden and Stuart Sybersma of Deloitte as JPLs of the fund management business.
3 min read · 19 June 2018
3 min read · 18 June 2018
Cressey & Co LP said June 18 that its latest flagship closed on $995 million while a related co-investment vehicle raised $105 million. The Cressey funds will invest in healthcare services and information technology businesses in the North American healthcare industry. The target for Cressey & Company Fund VI LP was $750 million. Kirkland & Ellis LLP served as legal counsel in the formation of Fund VI.
2 min read · 18 June 2018
Quest Analytics, a portfolio company of Vestar Capital Partners, has acquired BetterDoctor. Financial terms weren’t announced. Health Catalyst Capital was the seller. BetterDoctor, of San Francisco, provides a data management platform.
4 min read · 18 June 2018
New State Capital Partners said June 18 that it sold Central Conveyor Company LLC for $140 million. The buyer was U. S. Tsubaki Holdings Inc, a subsidiary of Tsubakimoto Chain Co. Central Conveyor, of Wixom, Michigan, provides automotive and industrial conveyor systems, conveyor system integration, custom conveyor design and controls automation. Morgan, Lewis & Bockius LLP served as legal adviser, Lincoln International served as financial adviser, while Duff & Phelps provided sell-side due diligence services to New State Capital and Central Conveyor.
3 min read · 18 June 2018
Novacap said June 18 that it finalized its buy of Horizon Telcom. The deal was valued at more than $220 million. Horizon provides fiber-optic bandwidth infrastructure services operating primarily in Ohio. Novacap said it partnered with Hamilton Lane, HarbourVest Partners and RCP Advisors to complete the transaction.
3 min read · 18 June 2018
Revetas and Goldman Sachs Asset Management have acquired TriGranit. Financial terms weren’t announced. TPG Real Estate, the real estate platform of TPG, is the seller. TriGranit’s portfolio of Central and Eastern European assets include total gross leasable area of over 173,000 sqm, made up of Class A office buildings fully leased to international tenants and three Class A permitted office development projects.
3 min read · 18 June 2018
2 min read · 15 June 2018
2 min read · 14 June 2018
Abraaj Holdings Ltd has filed for provisional liquidation in the Cayman Islands. Abraaj is seeking to appoint Simon Conway of PwC Corporate Finance and Recovery (Cayman) Ltd and Michael Jervis and Mo Farzadi of PricewaterhouseCoopers, as joint provisional liquidators.
4 min read · 14 June 2018
