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.
Idinvest Partners said May 16 that its fourth direct lending fund closed on 715 million euros ($843.67 million), surpassing its 600 million target. Idinvest Private Debt IV focuses on the European lower mid-market segment (enterprise value of between 35 million euros and 250 million euros).
2 min read · 16 May 2018
O2 Investment Partners said May 15 that it has invested in 1 Priority Environmental Services. Financial terms weren’t announced. 1 Priority provides asbestos abatement and related environmental services, primarily in the Southern United States. Deerpath Capital Management and Green Bank provided debt financing for the transaction.
3 min read · 15 May 2018
O2 Investment Partners said May 4 that it invested in EMEX LLC. Financial terms weren’t announced. EMEX, of Houston, is an energy-focused services provider that runs an online buying and selling platform for gas and electricity, according to Crain’s Detroit Business. O2, of Bloomfield Hills, Michigan, is a lower middle market PE firm.
3 min read · 15 May 2018
2 min read · 15 May 2018
Spindletop Capital Management has recapitalized and invested in Tricity Pain Associates and Interventional Pain Management. Financial terms weren’t announced. Tricity Pain, of San Antonio, Texas, and Interventional Pain Management, are providers of pain management. The Bloom Organization provided financial advice, while DLA Piper acted as legal counsel to TPA. McDermott Will & Emery provided legal counsel to SCM.
3 min read · 15 May 2018
NovaQuest Capital Management LLC has acquired a majority of Clinical Ink. Financial terms weren’t announced. RTI International co-invested with NovaQuest. Clinical Ink, of Winston-Salem, North Carolina, provides clinical research technology. Silicon Valley Bank also provided a flexible credit facility to Clinical Ink. Baird provided financial advice to Clinical Ink, while Hogan Lovells supplied legal advice. Wyrick Robbins provided legal advice to NovaQuest.
4 min read · 15 May 2018
Halifax Group has invested in ChanceLight Behavioral Health, Therapy & Education. Financial terms weren’t disclosed. ChanceLight, of Nashville, provides behavioral health, therapy and education solutions for children and young adults.
3 min read · 15 May 2018
Warburg Pincus and Becamex IDC Corp have launched a joint venture in Vietnam. BW Industrial Development Joint Stock Co, of Ho Chi Minh City, Vietnam, is a 'for-rent' industrial and logistics developer. BW Industrial has more than 2 million square meters of projects under development and an initial investment of $200 million.
4 min read · 15 May 2018
Manna Development Group said May 15 that it has acquired 38 Panera Bread cafés in Colorado. Financial terms weren’t announced. CapitalSpring led the acquisition financing and recap, while Owl Rock Capital served as a co-lender. Paul Saber and Patrick Rodgers started Manna Development in 2003. With the acquisition, Manna will own over 130 Panera Bread cafes across seven state. Trinity Capital LLC provided financial advice to Manna, while Snell & Wilmer LLP served as legal advisor. CapitalSpring was represented by Chapman & Cutler LLP.
3 min read · 15 May 2018
Ardian said May 15 that its first infrastructure fund dedicated to the U.S. and other OECD American countries has raised $800 million. North American institutional investors, European and Asian pension funds, insurance companies and other institutions, invested in the Ardian pool.
3 min read · 15 May 2018
