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.
Marlin Equity Partners said Feb. 21 that it has acquired Propelics Inc. Financial terms weren’t announced. Propelics, of San Jose, provides mobile strategy and mobile application development solutions for enterprise clients. Propelics has been merged with Anexinet, a Marlin portfolio company.
2 min read · 22 February 2018
ProSiebenSat.1 Group said Feb. 22 that General Atlantic will buy a 25.1 percent stake in NuCom Group. ProSieben said the transaction values NuCom at 1.8 billion euros ($2.2 billion). NuCom, of Munich, is an omnichannel platform for consumer services and lifestyle brands in Europe. JP Morgan provided financial advice to ProSiebenSat.1 while Goldman Sachs advised General Atlantic.
6 min read · 22 February 2018
Partners Group said Feb. 22 that its most recent direct private infrastructure offering raised 3 billion euros ($3.68 billion). The program will invest in renewables, communications, and energy infrastructure sectors.
3 min read · 22 February 2018
IK Investment Partners said Feb. 22 that it closed its second small cap fund at its 550 million euro ($676 million) hard cap. IK Small Cap II is nearly double the size of the firm's maiden small cap fund, which closed at its hard cap of 277 million euros in March 2016. IK Small Cap II targets growing businesses in IK’s core markets within the Benelux, DACH, France, and the Nordics.
2 min read · 22 February 2018
2 min read · 21 February 2018
Leeds Equity Partners LLC is investing in Endeavor Schools LLC. Financial terms weren’t announced. Endeavor, of Miami, owns and operates 37 private preschool to 12th grade schools in the U.S. Goodwin Procter provided legal advice to Leeds Equity Partners. Kramer Levin Naftalis & Frankel, along with Tezner Arrieta, served as legal counsel for Endeavor.
3 min read · 21 February 2018
Gen Cap America Inc said Feb. 21 that it sold Myco Trailers LLC to Propst Development LLC. Financial terms weren’t announced. Myco, of Bradenton, Florida, provides boat trailers for government agencies and the boating industry.
2 min read · 21 February 2018
Rhone Capital agreed to buy Fogo de Chão Inc in a deal valued at $560 million. Rhone is paying $15.75 a share cash for Fogo. Thomas H. Lee Partners LP, and certain of Fogo’s directors and executive officers, currently own more than 60 percent of Fogo’s shares. Fogo, of Dallas, is a Brazilian steakhouse that THL acquired in July 2012 for $400 million. Fogo went public in 2015.
6 min read · 21 February 2018
Cathay Capital MidCap Fund is buying a majority of E. WINKEMANN GmbH. Financial terms weren’t announced. Equistone Partners Europe will retain a stake along with company management. E. WINKEMANN, of North Rhine-Westphalia, Germany, is an automobile supplier. Dirk Schekerka and Stefan Maser represented Equistone on this transaction. The firm was advised by Robert W. Baird & Co and P+P Pöllath & Partners.
3 min read · 21 February 2018
2 min read · 20 February 2018
