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.
Allergan Plc is considering options for its women’s health unit and has held talks with advisers, Bloomberg said. Strategic options for the unit include a sale, which could value the business at more than $5 billion, the story said. A sale would likely attract private equity firms, although Allergan has not decided to pursue a sale of the business and could elect to keep it, Bloomberg said.
1 min read · 03 April 2018
3 min read · 02 April 2018
2 min read · 02 April 2018
Centre Partners said April 2 that it sold U.S. Retirement & Benefits Partners to Kohlberg & Co. Financial terms weren’t announced. U.S. Retirement provides benefits and retirement services to the K-12 education, government/municipal, and small- and mid-sized corporate marketplace. William Blair & Co acted as exclusive financial adviser and Dechert LLP acted as legal counsel to USRBP. UPDATE: Centre Partners made nearly 4x its money with the sale, a source said.
3 min read · 02 April 2018
Renovus Capital Partners said April 2 that it sold its controlling stakes in TPC Training and Jade Learning to Frontenac. Financial terms weren’t announced. TPC Training provides maintenance, repair, and operator training solutions, while Jade Learning offers continuing education training for the electrical code, electrical safety and security alarm segments. DLA Piper served as legal counsel to TPC and Jade.
3 min read · 02 April 2018
Virgin Hotels, along with an investor group led by Juniper Capital Partners, has acquired Hard Rock Hotel & Casino in Las Vegas. The group includes Fengate Real Asset Investments, Dream, Cowie Capital Partners, and other private investors. Financial terms weren’t announced. Brookfield Asset Management is the seller. The Hard Rock Hotel, located at 4455 Paradise Road, will continue full service operations under the Hard Rock flag until it opens as a Virgin Hotels hotel.
6 min read · 02 April 2018
PAI Partners said March 29 that it closed its latest fund at its 5 billion ($6.2 billion) euro hardcap. The target of PAI Europe VII fund was 4 billion euros. Approximately 26 percent of capital for Fund VII came from investors in the USA and Canada, while 50 percent came from Europe and 17 percent from Asia. Nathalie Duguay of Willkie Farr & Gallagher advised PAI Partners on the structuring and fundraising of its seventh pan-European fund.
3 min read · 02 April 2018
Alliance Source Testing LLC, a portfolio company of Align Capital Partners, has acquired Air Pollution Testing Inc. Financial terms weren’t announced. Alliance Pollution provides source emission testing (stack testing) and oil & gas laboratory services to customers in the western U.S.
2 min read · 02 April 2018
To start your morning, PE HUB has news on that Saks Fifth Avenue and Lord & Taylor were hit by a data breach, Alibaba is buying Chinese food delivery firm Ele.me and Notre Dame women's basketball team wins the Final Four for a second time.
1 min read · 02 April 2018
2 min read · 30 March 2018
