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.
Ascensus has agreed to buy Chard Snyder. Financial terms weren’t announced. Chard Snyder, of Mason, Ohio, Snyder provides employee benefit solutions to more than 1,400 employers in the U.s. in sectors including higher education, healthcare, municipalities, manufacturing, as well as banking & financial. Ascensus is backed by Genstar Capital and Aquiline Capital Partners.
3 min read · 20 March 2018
Kainos Capital said March 20 that it acquired Bonewerks Culinarte. Financial terms weren’t announced. Bonewerks, of Green Bay Wisconsin, provides sauce products for center-of-the-plate entrées.
3 min read · 20 March 2018
Andy Hurd has joined Cressey & Co LP as an operating partner. Hurd most recently served as CEO of MedeAnalytics.
2 min read · 20 March 2018
GAL Manufacturing, a portfolio company of Golden Gate Capital, said March 19 it has acquired the assets of Bore-Max Corp. Financial terms weren’t announced. Bore-Max, of El Monte, California, produces hydraulic elevator components primarily for customers in California and other western states.
3 min read · 20 March 2018
The Beekman Group has invested in Riccobene Associates Family Dentistry. Financial terms weren’t announced. Riccobene Associates, of Cary, North Carolina, provides general and multi-specialty dental service. Waller Lansden Dortch & Davis LLP and David Keys of BB&T Capital Markets advised Dr. Riccobene. Choate, Hall & Stewart LLP advised Beekman on the transaction.
3 min read · 20 March 2018
New Water Capital LP said March that it has invested in Pegasus Foods. Financial terms weren’t announced. Pegasus is contract manufacturer of frozen appetizers and snacks.
2 min read · 20 March 2018
Tri-Tex said March 20 that Richard Hooper was named CEO of the company. Hooper most recently served as CEO of SummitReheis. Hooper assumes the role from Natalie Laham, who will remain with the company as a minority shareholder and member of the Board of Directors.
7 min read · 20 March 2018
Oxford Nanopore Technologies Ltd said March 20 that it collected funding in the amount of $100 million pounds ($140 million). Participants included GIC (Singapore), China Construction Bank International (CCBI, China), Hostplus (Australia), and existing investors. Oxford Nanopore, of the U.K., provides the technology behind DNA/RNA sequencer, MinION.
6 min read · 20 March 2018
Howard Nowell has joined PGIM as managing director of the company’s institutional relationship group in London. PGIM is the investment management businesses of Prudential Financial Inc. Nowell was most recently a managing director with BlackRock’s institutional client business in the U.K.
3 min read · 20 March 2018
Monroe Capital LLC said March 20 that its second CLO closed on $456.30 million. Monroe retained a majority of the subordinated notes in the transaction. Deutsche Bank served as the lead manager, structuring agent and bookrunner.
2 min read · 20 March 2018
