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.
The Riverside Co has merged four monitoring companies to form Netwatch Group. Financial terms weren't announced. The four companies include Netwatch (Ireland), NMC (Lake Forect, California), CalAtlantic (Houston) and Onwatch Multifire (U.K.). Netwatch, of Carlow, Ireland, will provide risk management, business continuity, security and life safety services.
3 min read · 23 April 2018
International Automotive Components Group S.A. said April 23 that it has completed a refinancing, issuing $215 million of loans to Gamut Capital Management LP. Proceeds were used to redeem $300 million of loans from IAC that were due in June. With the deal, Gamut has acquired a minority stake in IAC, which was founded by Wilbur Ross. The deal was announced April 6.
2 min read · 23 April 2018
Fairfax Financial Holdings Ltd has offered to buy the Canadian stores of Toys “R” Us out of bankruptcy for US$300 million, the Wall Street Journal reported. The offer is subject to higher bids; the sale would also include Canadian business’ intellectual property, including its brands, the story said. Toronto-based Fairfax is the holding company of Canadian billionaire Prem Watsa.
1 min read · 23 April 2018
Starwood Energy Group Global LLC said April 23 that Philipp Pletka has joined the firm as managing director, while Alex Daberko was promoted to managing director. Pletka was most recently a senior member of BlackRock's energy & power private equity team.
3 min read · 23 April 2018
Harvest Properties and Cerberus Capital Management LP have acquired DC Station. Financial terms weren’t announced. DC Station is an office property located in Daly City, California.
3 min read · 23 April 2018
An investment group led by BC Partners, and including Ontario Teachers' Pension Plan, have agreed to recapitalize GFL Environmental Holdings Inc in a deal valued at $5.125 billion Canadian dollars ($4 billion). The investor group is buying the interests held by HPS Investment Partners, Macquarie Infrastructure Partners III and Hawthorn Equity Partners. GFL, of Toronto, is a North American provider of diversified environmental solutions. Anthony Vernace of Simpson Thacher advised the investor group.
5 min read · 23 April 2018
Vista Equity Partners said April 23 that it invested in Allocate Software. Financial terms weren’t announced. Allocate, of the U.K., provides workforce solutions to the healthcare, defense and maritime sectors.
3 min read · 23 April 2018
Humana Inc, TPG Capital and Welsh, Carson, Anderson & Stowe agreed to buy Curo Health Services for about $1.4 billion. Curo is a hospice operator. Humana will have a 40 percent stake. Curo is owned by Thomas H. Lee Partners.
9 min read · 23 April 2018
Monogram Capital Partners said April 23 that its debut fund closed on its $152 million hard cap. Monogram Capital Partners I LP received commitments from endowments, foundations, family offices, and fund of funds. Monogram, of Los Angeles, invests in emerging consumer and retail brands through both minority growth and control transactions. Acalyx Advisors Inc served as placement agent, while Latham & Watkins LLP was legal adviser.
2 min read · 23 April 2018
Apollo Global Management is planning to take Diamond Resorts public in the coming months, the Wall Street Journal reported. Diamond Resorts has filed confidentially with the Securities and Exchange Commission and is expected to start trading in June or July, the story said. The company could seek a valuation of around $4 billion, the WSJ said.
1 min read · 23 April 2018
