Private Equity
Golden Gate Capital is putting Angus Chemical Co up for sale, Bloomberg reported. Angus, which makes specialty chemicals for the biotechnology, paints and coatings, industrial, could sell for more than $1.6 billion, the story said.
1 min read · 02 October 2019
KKR said Oct. 2 that Stanislas de Joussineau will lead KKR’s Global Impact team in Europe, while Sharon Yang will join the unit as a senior investor in Asia. KKR Global Impact seeks to invest in opportunities where financial performance and societal impact are intrinsically aligned.
4 min read · 02 October 2019
RedBird Capital Partners and Reverence Capital Partners have closed their buy of Vida Capital Inc. Financial terms weren’t announced. Vida is a specialist manager of life settlement investment strategies. The deal was announced in July.
3 min read · 02 October 2019
CORA Health Services, a portfolio company of Gryphon Investors, said Oct. 2 that it acquired Blacksburg Physical Therapy Associates Inc. Financial terms weren’t announced. Blacksburg PT provides services including general physical therapy, Parkinson’s treatment, functional movement, women's health, running analysis, back and neck pain, and sports injuries.
2 min read · 02 October 2019
ADT Inc has agreed to sell ADT Security Services Canada Inc to Telus Corp for about $700 million (US$527 million). The deal includes ADT Canada’s operations and assets. ADT said it also approved a one-time special dividend of up to US$550 million and plans to set the dividend at 70 cents per share. ADT is a provider of security and automation solutions backed by Apollo Global Management.
3 min read · 01 October 2019
Apollo keeps $44 bln dry powder on hand for mkt dislocation; Hoffman retires from Probitas; FTV seeks $1 bln for sixth fund
2 min read · 01 October 2019
ADT Inc said Oct 1 that it agreed to sell ADT Security Services Canada Inc to Telus Corp for about C$700 million ($527 million). The deal includes ADT Canada’s operations and assets. ADT said it also approved a one-time special dividend of up to $550 million and plans to set the dividend at 70 cents per share. ADT is the security company backed by Apollo Global Management.
4 min read · 01 October 2019
Wynnchurch Capital LLC said Oct. 1 that it invested in Eastern Metal Supply. Financial terms weren’t announced. Eastern Metal, of Lake Worth, Florida, distributes aluminum extrusions and related products.
3 min read · 01 October 2019
Welsh, Carson, Anderson & Stowe said Oct. 1 that it elevated three executives to general partner. They include David Caluori, Ryan Harper and Frances Higgins.
3 min read · 01 October 2019
AEG Facilities LLC said Oct. 1 that it closed its merger with SMG to create ASM Global. The transaction creates the world’s biggest facility management company. SMG is an Onex portfolio company, while AEG is the venue management affiliate of Anschutz Entertainment Group. Each firm will get 50 percent of the standalone company, according to Billboard. The deal was announced in February.
3 min read · 01 October 2019
