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.
Verint Systems in talks to buy NSO Group for about $1 billion, the Wall Street Journal reported. NSO, an Israeli maker of cybersurveillance products, is a portfolio company of Francisco Partners. If the deal is completed, Francisco would become the largest shareholder of Verint, the story said.
1 min read · 29 May 2018
CITIC Capital said May 29 that it invested in Shanghai Railink International Intermodal Logistics and Atasu Group. Financial terms weren’t announced. Shanghai Railink provides railway freight transport services linking clients between Europe and China. Atasu is a private logistics company in Kazakhstan.
4 min read · 29 May 2018
2 min read · 25 May 2018
Allison Miller has joined Arbor Investments as chief marketing officer. Miller was previously vice president of marketing for the Chicago Cubs.
3 min read · 24 May 2018
2 min read · 24 May 2018
Robert Mancini is retiring from Carlyle Group as of June 30. Mancini joined the firm in 2012 and is currently a managing director, partner and co-head of Carlyle Power Partners. He is staying on at the firm until the end of the year as a senior adviser. He was previously a managing director at Goldman Sachs. Mancini, 60, raised two funds to invest in the North American power generation sector at Carlyle. In 2013, Carlyle Power Partners I collected an aggregate $900 million in capital, which included co-investments, new products and an existing fund. Fund II closed on $1.5 billion in 2016. While he is retiring from Carlyle, Mancini said he’ll likely do something else. “I’d like to do something in the investment world that is different than investing in the U.S. power space," he said. Carlyle declined comment.
1 min read · 24 May 2018
Electra Private Equity has put itself up for sale, Dow Jones is reporting. Electra, of London, said it has held discussions over certain parts of its investment portfolio, the story said. Electra is listed on the LSE. It expects to communicate the outcome of the process no later than September, the story said.
1 min read · 24 May 2018
Think project!, a TA Associates portfolio company, has acquired CEMAR. Financial terms weren’t announced. Cemar, of Gloucester, England, provides contract management technology for construction and engineering projects.
3 min read · 24 May 2018
2 min read · 23 May 2018
Grammer AG has agreed to buy Toledo Molding & Die Inc, a portfolio company of Industrial Opportunity Partners. Financial terms weren’t announced. Toledo Molding, of Toledo, Ohio, is an automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior components and air and fluid management products.
3 min read · 23 May 2018
