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.
Kuvare US Holdings Inc said April 3 that it closed its buy of United Life Insurance Co. Financial terms weren’t announced. United Life, of Cedar Rapids, Iowa, provides annuity and life insurance products, all focused on middle-market insurance consumers. RBC Capital Markets LLC was financial adviser to Kuvare, and Debevoise & Plimpton LLP acted as legal counsel. Kuvare is backed by Altamont Capital Partners, Makena Capital Management and Access Holdings.
2 min read · 04 April 2018
Sorenson Capital and Webster Capital have recapitalized Home Brands Group Holdings Inc, which does business as “Re-Bath.” Financial terms weren’t announced. Yukon Partners provided mezzanine capital and acquired a minority stake. Re-Bath, of Phoenix, is a franchisor of bathroom remodeling services with locations in more than 150 cities across the United States. Dorsey & Whitney LLP served as legal counsel to Yukon.
3 min read · 04 April 2018
PPC Partners said April 4 that it acquired C.H. Guenther & Son Inc. Financial terms weren’t announced. C.H. Guenther, of San Antonio, Texas, produces branded and private label food products for foodservice, quick serve restaurant, club and retail customers around the globe.
3 min read · 04 April 2018
Francisco Partners said April 3 that it agreed to buy Bomgar. Financial terms weren’t announced. Thoma Bravo is the seller. Bomgar provides secure access solutions.
3 min read · 03 April 2018
Great Hill Partners has completed a majority recap of Vatica Health. Financial terms weren’t announced. Vatica, of Nashville, is a healthcare technology company. TripleTree LLC provided financial advice to Vatica Health. Goodwin Procter LLP served as legal adviser to Great Hill Partners, and Latham & Watkins LLP served as legal adviser to Vatica Health.
3 min read · 03 April 2018
Hamilton Lane said April 3 that it promoted seven professionals to principal. They include individuals from the firm’s offices in London; Tel Aviv; Tokyo; and its Bala Cynwyd, Pennsylvania headquarters.
2 min read · 03 April 2018
StepStone Real Estate said April 3 that it has completed its buy of Courtland Partners Ltd, which was announced in December. Financial terms weren’t announced. With the deal, StepStone Real Estate manages approximately $100 billion of capital allocations from institutional investors.
3 min read · 03 April 2018
NBK Capital Partners and Gulf Capital are investing in Classic Fashion Apparel Industry Ltd Co. Financial terms weren’t announced. Classic Fashion Apparel Industry, of Irbid, Jordan, is a garment manufacturer.
3 min read · 03 April 2018
Imagination Technologies said April 3 that Dr. Leo Li was named to succeed Andrew Heath as CEO. Heath, who has led Imagination since February 2016, is leaving the company. Imagination Technologies, a chip designer, is backed by Canyon Bridge.
3 min read · 03 April 2018
Carlyle Group is seeking to refocus its Asian real estate efforts on China and is parting ways with two executives, Bloomberg said. Adam Metz, who was head of Carlyle’s international real estate and based in Washington, recently left the firm, and Jason Lee, the company’s Hong Kong-based head of Asia real estate, will soon depart, the story said. The changes are part of a shift imposed by Carlyle’s new co-CEOs, Glenn Youngkin and Kewsong Lee, who are reconsidering the direction of the firm’s global real estate business.
1 min read · 03 April 2018
