Private Equity
1 min read · 02 October 2019
Fluid Delivery Solutions, a portfolio company of Trilantic North America, named David Christmas as its CEO. Christmas most recently served as Schlumberger’s U.S. managing director and regional vice president.
2 min read · 02 October 2019
Q2 Holdings Inc said Oct. 1 that it agreed to buy Lender Performance Group, which is known as PrecisionLender. The deal is valued at about $510 million. Lender Performance is backed by Insight Venture Partners and Georgian Partners. PrecisionLender, of Charlotte, North Carolina, provides a pricing and profitability platform for commercial banks.
5 min read · 02 October 2019
Warburg puts RS Energy Group up for sale; Arbor gobbles up Bakery Cos; Where August Capital stands now
2 min read · 02 October 2019
Blackstone said Oct. 2 that it is buying 65 percent of Great Wolf Resorts from Centerbridge Partners. Blackstone and Centerbridge are forming a new $2.9 billion joint venture to own the company. Great Wolf is an indoor water-park operator.
3 min read · 02 October 2019
HKW said Oct. 2 that its latest fund closed on $365 million. The target of HKW Capital Partners V LP was $350 million. HKW V will focus on investments in middle-market growth companies with a target EBITDA of $5 million to $30 million.
2 min read · 02 October 2019
Vision Innovation Partners said Oct. 2 that it acquired Metropolitan Ophthalmology Associates. Financial terms weren’t announced. Metropolitan Ophthalmology is an ophthalmology practice with locations in Chevy Chase, Maryland and McLean, Virginia.
2 min read · 02 October 2019
Senator Elizabeth Warren and Representatives Alexandria Ocasio-Cortez and Mark Pocan sent letters to five private equity firms asking for information about their stakes in prison services companies. The Democrats also want to know how much revenue the companies generated, the profit they produced, the total number of employees as well what other PE firms own stakes. Letters were sent to BlueMountain Capital Management, H.I.G. Capital, American Securities, Apax Partners, and Platinum Equity.
1 min read · 02 October 2019
Investment banks are struggling to raise $2 billion of debt to back Apollo Global Management’s buyout of Shutterfly Inc, the Wall Street Journal reported. Barclays, Citigroup and other banks Apollo hired for the sale agreed to buy up to $280 million of the financing themselves failing to find enough outside investors, the story said.
1 min read · 02 October 2019
Rank Group Ltd is in talks to sell Closure Systems International to Cerberus Capital Management, Bloomberg reported. CSI, which makes plastic and aluminum bottle tops for pharmaceutical, beverage and automotive containers, could sell for up to $1 billion, the story said.
1 min read · 02 October 2019
