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.
Travelopia, a KKR portfolio company, has agreed with Brodosplit to build a 200-passenger expedition ship designed for operation in Croatia. Financial terms weren't announced. The ship will offer travel experiences for Travelopia's customers. In a separate deal,Brodosplit, a KKR portfolio company, is also investing in Nova TV.
2 min read · 12 June 2018
Alsco Inc has acquired Clean Linen Services. Financial terms weren’t announced. MML Capital Partners is the seller. Clean, of the U.K., is a commercial laundry operator for both the linen and workwear rental markets. Livingstone advised Clean.
2 min read · 12 June 2018
Carlyle Group said June 12 that John Adam Kanas was named a senior adviser consultant and vice chairman of Carlyle Global Financial Services Partners. Kanas is the current chairman of BankUnited.
3 min read · 12 June 2018
CVC Capital Partners has invested about $150 million in PT GarudaFood Putra Putri Jaya, Bloomberg is reporting. The investment came ahead of a planned IPO for GarudaFood, which sells Leo brand potato chips and Gery chocolate biscuits, the story said. Garuda is a leading snack maker in Indonesia. CVC also acquired Munchy Group, a Malaysian snack-food maker, for about $250 million, Bloomberg said.
1 min read · 12 June 2018
Weatherford International Plc is considering a sale of its laboratory business and has reached out to private equity firms and corporate buyers, Bloomberg is reporting. The plan coincides with CEO Mark McCollum’s plan to cut debt and sell non-core units, the story said. Weatherford is also selling its onshore rig business, Bloomberg said.
1 min read · 12 June 2018
2 min read · 11 June 2018
Mars Petcare said June 11 that it agreed to buy AniCura from Nordic Capital, Fidelio Capital and the remaining minority shareholders of AniCura. Financial terms weren’t announced. AniCura, of Sweden, provides specialized veterinary care in Europe through its animal hospitals.
6 min read · 11 June 2018
Lovell Minnick Partners said June 11 that Joan Binstock has joined as a senior adviser. Binstock spent most of her career at Lord, Abbett & Co, serving as partner, chief operations officer, CFO and chair of its audit committee over nearly two decades.
3 min read · 11 June 2018
L Catterton and Ambienta are buying Pibiplast. Financial terms weren’t announced. The Bosi family, the founder and current owner, is retaining a minority stake. Pibiplast, of Correggio, Italy, designs and makes beauty and personal care plastic packaging solutions.
4 min read · 11 June 2018
KKR agreed to buy Envision Healthcare for $9.9 billion, including debt. KKR is buying all of Envision’s outstanding stock for $46 a share. The $9.9 billion deal means Envision is selling for a 10.9x trailing 12 months Adjusted EBITDA. Envision is a U.S. physician services provider.
8 min read · 11 June 2018
