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.
2 min read · 20 February 2018
Albertsons Cos, which is backed by Cerberus Capital Management LP, said Feb. 20 that it agreed to merge with Rite Aid. Albertsons will end up owning 70.4 percent to 72 percent of the combined company, a statement said. The deal will allow Albertsons to buy the part of Rite Aide that is not being acquired by Walgreens Boots Alliance, the Wall Street Journal reported. The deal is valued at around $24 billion, the WSJ said.
10 min read · 20 February 2018
Ezaki Glico Co Ltd said Feb. 20 that it agreed to buy TCHO Ventures Inc. Financial terms weren’t announced. TCHO, of Berkeley, California, is a craft chocolate company that is majority owned by Emil Capital Partners and Tengelmann Group.
2 min read · 20 February 2018
H.I.G. Capital said Feb. 20 that it closed the sale of Pet Food Holdings Inc, parent of Pro-Pet LLC, to Cargill Inc. Financial terms weren’t announced. Pro-Pet, of Kansas City, Kansas, makes premium and super-premium, private label dry dog and cat food for distribution domestically and around the world.
3 min read · 20 February 2018
JMP Group LLC said Feb. 20 that it Ryan Abbe was named head of real estate investment banking at JMP Securities. Abbe was also appointed to JMP Securities’ investment banking management committee.
2 min read · 20 February 2018
Pantheon said Feb. 20 that Justin Mallis has joined as global head of project management in the client service team, based in London. Michael Hutten has also joined Pantheon as a principal, where he will market the firm's U.S. private wealth initiative. Hutton will be based in Raleigh, North Carolina.
2 min read · 20 February 2018
EQT is seeking 10.75 billion euros ($13.2 billion) in its largest fundraising ever, the Financial Times reported. EQT’s latest buyout fund is about two times oversubscribed and 60 percent larger than its past pool, the story said. The EQT fund will look to invest globally with its main focus in Europe, the FT said.
1 min read · 20 February 2018
J&J has put its sterilization products division up for sale and is bids of as much as $2 billion, Bloomberg is reporting. J&J’s advanced sterilization products unit, known as ASP, makes systems and solutions to clean medical tools, the story said. Strategics and private equity firms are vying for the unit, Bloomberg said.
1 min read · 20 February 2018
3 min read · 09 February 2018
Altegris and Artivest are merging. The new company, called Artivest, will be an alternative investment technology and solutions firm for wealth managers, fund managers, and independent advisers. Investors will include Aquiline Capital Partners, Genstar Capital, KKR, and Thiel Capital.
3 min read · 08 February 2018
