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.
Lone Star Funds and RattanIndia Group will jointly invest $400 million in RattanIndia Finance. They will each own 50 percent of RattanIndia Finance, of Delhi and Mumbai. RattanIndia Finance is a non-banking financial company.
3 min read · 17 April 2018
Falfurrias Capital Partners said April 17 that it invested in Tax Guard. Financial terms weren’t announced. Tax Guard, of Boulder, Colorado, provides data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers. Holland & Hart LLP served as legal adviser to Tax Guard. Raymond James & Associates was Tax Guard's financial adviser.
3 min read · 17 April 2018
Avante Mezzanine Partners said April 17 that it has made a subordinated debt and equity investment to back Promus Equity Partners’ investment in Quest Products LLC. Financial terms weren’t announced. Quest, of Pleasant Prairie, Wisconsin, is a consumer packaged goods company that manages OCT healthcare brands. Quest, in conjunction with the Promus investment, said it also acquired Clinere Products LLC, and its line of ear-cleaning products.
2 min read · 17 April 2018
Applitools said April 17 that it raised $31 million in Series C funding led by OpenView. Also participating were Sierra Ventures, Magma Venture Partners, iAngels, and La Maison. Applitools, of San Mateo, California provides an AI- powered visual testing and monitoring solution.
5 min read · 17 April 2018
AGR Partners has invested in Vintage WineEstates. AGR and existing shareholders invested $75 million in the company. Vintage WineEstates is a privately held wine company that owns winery estates and brands including Clos Pegase Winery, Cosentino Winery, and GirardWinery.
3 min read · 17 April 2018
Pioneer Square Labs has launched PSL Ventures, an $80 million fund that will invests in early-stage technology companies in the Pacific Northwest region of the U.S.
3 min read · 17 April 2018
Vantage Specialty Chemicals Holdings Inc, a portfolio company of H.I.G. Capital LLC, has acquired B&B Tritech Inc. Financial terms weren’t announced. B&B, of Hialeah, Florida, makes surface treatment solutions engineered for defense and commercial aviation markets.
3 min read · 17 April 2018
Charlesbank Capital Partners and Partners Group agreed to buy Hearthside Food Solutions. Financial terms weren’t announced. Goldman Sachs and Vestar Capital Partners were the sellers. Hearthside, of Downers Grove, Illinois, produces nutrition bars, cookies, cereals and other baked foods and snacks for some of the world's premier food brands. Reuters valued the deal at more than $2.4 billion.
3 min read · 17 April 2018
Ares Management LP has acquired a majority stake in Conti Solar. Financial terms weren’t announced. The Conti Group will have a minority. Conti Solar, of Edison, New Jersey, is a renewable energy development, engineering, procurement, and construction company. The investment in Conti came from Ares EIF, the power and energy infrastructure strategy in the private equity group at Ares Management.
4 min read · 17 April 2018
United Group, a KKR portfolio company, said April 17 that it would boost its commitment in Serbia by 293 million euros ($362.4 million) over five years. The European Bank for Reconstruction and Development is a minority shareholder of United Group.
3 min read · 17 April 2018
