Private Equity
Rubenstein Partners LP and Monarch Alternative Capital LP said Sept. 30 that they formed a joint venture that has acquired the Lindbergh Center for $187 million. Lindbergh Center is a 1-million-square-foot, mixed-use property in Atlanta. Rubenstein Partners is the private real estate investment of David Rubenstein, while Monarch Alternative is an investment firm.
4 min read · 30 September 2019
Blackstone said Sept. 30 that it completed its buy of Vungle, a performance marketing platform for in-app video advertisements on mobile devices. The deal was announced in July.
3 min read · 30 September 2019
Taymax Group Holdings LP, a portfolio company of Trilantic North America, has acquired Southfit Holdings LLC, PF Jax Three LLC and PF Jax Four LLC. Financial terms weren’t announced. Southfit operates 14 Planet Fitness locations in the Jacksonville, Florida and southeastern Georgia regions. MFA Cos advises Southfit in the sale.
2 min read · 30 September 2019
5 min read · 30 September 2019
Carlyle Group said Sept. 30 that Matt Anderson was named the firm’s first chief digital officer while Stefan Grunwald was appointed to the role of chief procurement officer. Anderson is the former president and chief digital officer at Arrow Electronics, while Grunwald is the ex-senior vice president of strategic sourcing and procurement at Cardinal Health.
4 min read · 30 September 2019
Kenna Security said Sept. 30 that it raised $48 million in a Series D round of funding. New investors include Sorenson Capital and Citi Ventures. Kenna’s existing investors, including Bessemer Venture Partners, U.S. Venture Partners, Costanoa Ventures, Hyde Park Angels, and OurCrowd, joined the funding round. Kenna provides risk-based vulnerability management services.
3 min read · 30 September 2019
Autokiniton US Holdings Inc, a portfolio company of KPS Capital Partners LP, said Sept. 30 that it closed its buy of Tower International for $31 a share or $900 million, including debt. Tower makes engineered automotive structural metal components and assemblies. The deal was announced in July.
3 min read · 30 September 2019
Blackstone Group is buying Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for $5.9 billion. Colony Industrial comprises 60 million square feet of infill, logistics assets across 465 light industrial buildings in 26 U.S. markets, with significant concentration in Dallas, Atlanta, Florida, northern New Jersey, and California. The aggregate net sales proceeds to Colony are expected to be in excess of $1.2 billion.
6 min read · 30 September 2019
Gryphon Investors said Sept. 30 that it agreed to sell its portfolio company ECG Management Consultants to Siemens Medical Solutions USA Inc, a subsidiary of Siemens Healthineers AG. Financial terms weren’t announced. ECG, of San Diego, provides strategic, operational, financial, and technology-related consulting services to health systems, hospitals, medical groups, and academic medical centers.
2 min read · 30 September 2019
EQT acquired a majority of Inexio. EQT is buying the shares held by Warburg Pincus, which owns 59.45 percent, and Deutsche Beteiligungs AG. Reuters valued the deal at around 1 billion euros ($1.1 bilion). Inexio is a German telecommunications company.
2 min read · 30 September 2019