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.
Belt Power LLC, a Shorehill Capital LLC portfolio company, has completed its acquisition of Regional Supply LLC. Financial terms weren’t announced. Regional Supply, of Marietta, Georgia, is a distributor and fabricator of lightweight conveyor system components, including conveyor belts, equipment and accessories and rubber, hose and gasket products. NXT Capital provided debt capital. Fredrikson & Byron PA and Kirkland & Ellis served as its legal advisers.
2 min read · 08 March 2018
Kinderhook Industries LLC said March 8 that it invested in StudyKIK. Financial terms weren’t announced. Matt Miller and Jerome Chiaro, StudyKIK's founders, also invested. StudyKIK, of Costa Mesa, California, uses social media to provide patient recruiting solutions for clinical trials.
4 min read · 08 March 2018
Capzanine said March 8 it was selling its stake in Oui Care as part of a sponsorless transaction arranged by the group’s founder, Guillaume Richard. Capzanine acquired its stake in Oui Care in January 2015. Oui Care, of Paris, provides personal and household services.
2 min read · 08 March 2018
Steffen Meister will be named to succeed Peter Wuffli as chairman of Partners Group. The firm’s board will propose the change at its annual meeting on May 9. Wuffli will be appointed vice chairman of the board.
3 min read · 08 March 2018
2 min read · 07 March 2018
StepStone Group LP said March 7 that it promoted six executives to partner.
2 min read · 07 March 2018
Wild Sports has bought KanJam LLC. Financial terms weren’t announced. Kanjam, of Buffalo, New York, makes backyard, beach and party games. Wild Sports is backed by Expedition Capital Partners, Centerfield Capital Partners and Cardinal Equity Partners.
2 min read · 07 March 2018
Univision Holdings Inc has filed to withdraw its pending initial public offering, according to an SEC filing. Univision, which filed plans to go public in 2015, cited “prevailing market conditions” for pulling the IPO, the filing said. An investor group including Madison Dearborn Partners, TPG, Providence Equity Partners and Thomas H. Lee Partners, acquired Univision in 2006 for $13.7 billion.
1 min read · 07 March 2018
UnitedHealth Group is bidding for the ambulatory unit put up for sale by Envision Healthcare Corp, Bloomberg is reporting. Separate groups of PE firms, including a consortium comprised of Hellman & Friedman, Onex Corp and Clayton Dubilier & Rice, as well as one group led by Carlyle Group LP, are still interested in buying the whole company but would be open to acquiring parts, the story said.
1 min read · 07 March 2018
PE firms are vying with suitors across Asia to buy an Indonesian lender PT BFI Finance Indonesia, Bloomberg is reporting. PE firms such as Warburg Pincus along with Cathay Financial and Shinhan Financial Group are bidding for BFI Finance, which is backed by TPG, the story said. Trinugraha Capital, which owns BFI, is looking to sell 43 percent of the lender and has received at least 10 bids, Bloomberg said.
1 min read · 07 March 2018
