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.
EQT said Feb. 7 that it agreed to sell CBR Fashion Group to Alteri Investors. Financial terms weren’t announced. CBR, of Germany, is known for its Street One and Cecil brands. Alteri, a special situations investor in Europe, is backed by Apollo Global Management.
3 min read · 07 February 2018
Strategic Value Partners has agreed to buy TPG’s stake in Vita Group, according to PE News. If the deal closes, Strategic Value Partners, which already owns a minority stake, will have a majority of Vita, the story said. Vita, of the United Kingdom, supplies polyurethane foam products.
1 min read · 06 February 2018
Gill Marine has acquired Gill North America Ltd. Gill Marine is a portfolio company of YFM Equity Partners. Financial terms weren’t announced. Gill North America, of Buford, Georgia, is the distribution arm that sells Gill sailing clothing.
3 min read · 06 February 2018
Gartner Inc said Feb. 6 that it agreed to sell CEB Talent Assessment for $400 million. Exponent Private Equity is the buyer. CEB Talent Assessment, formerly SHL, is a provider of talent assessment solutions, including a portfolio of assessment tools, benchmark data, predictive technologies and consultancy services.
2 min read · 06 February 2018
Towerbrook Capital Partners is looking to raise $5 billion for its latest flagship buyout fund and another vehicle that buys minority stakes, according to PE News. The firm’s main fund is targeting $4 billion, while the non-control vehicle is seeking $1 billion, the story said.
1 min read · 06 February 2018
IntuiLab said Feb. 6 that it raised $3.7 million in Series A funding from IRDI SORIDEC Gestion, M Capital Partners and two business angels with the support of Bpifrance. IntuiLab, of Toulouse and Chicago, is the company behind IntuiFace, a software platform for creating touch-first digital signage without writing code. Avolta Partners provided financial advice.
4 min read · 06 February 2018
Alliance HealthCare Services has agreed to buy e+CancerCare, a portfolio company of Kohlberg & Co. Financial terms weren’t announced. E+CancerCare, of Nashville, operates outpatient cancer centers with 24 locations in 10 states. Cain Brothers provided financial advice to Kohlberg and e+CancerCare.
1 min read · 06 February 2018
Coller Capital and Goldman Sachs were selected as buyers of Nordic Capital’s restructuring of its 2008-vintage fund, Private Equity International is reporting. LPs now have 20 days to vote on whether the deal should proceed and if they want to sell their stake or roll their positions into a new five-year continuation fund, the story said. Coller and Goldman will pay an 11 percent premium to net asset value, PEI said.
1 min read · 06 February 2018
2 min read · 05 February 2018
Warburg Pincus is providing a line of equity financing of up to $300 million to Ridge Runner Resources LLC. Ridge Runner is a formed oil and gas exploration and production company focused on the Delaware Basin.
3 min read · 05 February 2018
