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.
TA Associates has acquired a majority stake in Confluence. Financial terms weren’t announced. Confluence, of Pittsburgh, Pennsylvania, provides investment data management automation for regulatory, investor communications and performance reporting. Polaris Partners invested in Confluence in 20016, according to PitchBook. Goodwin provided legal counsel to TA Associates. Jones Day provided legal counsel and Raymond James served as financial advisor to Confluence.
4 min read · 14 March 2018
UrWork (Beijing) Venture Investment Co Ltd said March 13 that it has closed its buy of China's Woo Space. Financial terms weren’t announced. Woo, of China, has 23 shared offices nationwide spanning nearly 1 million square feet (100,000 square meters).
4 min read · 13 March 2018
MetaSource, a portfolio company of LaSalle Capital, has completed a debt refinancing and dividend recap. Financial terms weren’t announced. MetaSource, of Draper, Utah, offers services including business process management and content management solutions delivered via premise-based and SaaS-based platforms.
2 min read · 13 March 2018
Tofane Global said March 12 that it is in exclusive negotiations to buy Altice International Wholesale from Altice NV. Financial terms weren’t announced. The deal includes Altice’s inter-operator carrier activities in France, Portugal and in the Dominican Republic. Tofane is backed by Ciclad and Trocadero Capital Partners.
5 min read · 13 March 2018
Blackstone Real Estate Income Trust Inc said March 12 that it acquired Canyon Industrial Portfolio for about $1.8 billion. Canyon Industrial is comprised of 146 last-mile infill warehouses and distribution buildings with major concentrations in Chicago, Dallas, Baltimore/Washington D.C., Los Angeles/Inland Empire and South/Central Florida.
3 min read · 13 March 2018
Shamrock Capital has invested in Wpromote, taking a minority stake. Financial terms weren’t announced. Wpromote, of El Segundo, California, is a digital marketing agency.
3 min read · 13 March 2018
BlueLinx Corp, a subsidiary of BlueLinx Holdings Inc, agreed to buy Cedar Creek Holdings Inc for $413 million. Charlesbank Capital Partners is the seller. Cedar Creek of Oklahoma City, Oklahoma, is a wholesale distributor of specialty lumber products and building materials with 31 facilities serving 29 states in the U.S. Rahul Patel, of King & Spalding, advised BlueLinx.
3 min read · 13 March 2018
Palamon Capital Partners said March 13 that it agreed to sell OberScharrer Group to Nordic Capital. Financial terms weren’t disclosed. OberScharrer, an ophthalmology group in Germany, provides more than 85,000 treatments per year through its clinics. The sale will generate investment returns of 3.6x invested capital for Palamon.
3 min read · 13 March 2018
Apple is acquiring Next Issue Media, according to an announcement on on the Apple website. KKR invested $50 million in Next Issue in December 2014. Texture, Next Issue Media’s flagship product, provides a subscription services that allows users to consume all or part of more than 200 magazines, recode said. A consortium of publishers, including Conde Nast, Hearst, News Corp and Meredith, launched Texture in 2010, according to press reports.
1 min read · 12 March 2018
SS&C Technologies Holdings Inc said March 12 that it agreed to buy CACEIS North America. Financial terms weren’t announced. CACEIS is the asset servicing banking group of Crédit Agricole. Park Sutton advised CACEIS.
2 min read · 12 March 2018
